With the markets plummeting world over, the nation’s two wheeler industry is also feeling the pain. The downtrend was noticed this October when India’s largest two wheeler maker reported a three percent decline at 3.52 lakh units, due to lower sales.

The company which noticed its retail sales over six lakh units this October was anticipating a slowdown as the much awaited festive season was over. Mr. Mr Anil Dua, Senior Vice-President, Hero Honda Motors Ltd said that they had consciously restricted their dispatch this time.

Bajaj, one of the leading two wheeler manufacturer, also reported a dip of 34 per cent drop in the festive month with coming out by 1.65 lakh units of sales whereas the third largest manufacturer TVS Motor Company showed a downfall of ten percent with 1.17 lakh units of sales in October.