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Title: E-Marketing Author: NEC Computers International Last modified by: Jim Michael Widi Created Date: 10/7/2005 7:56:37 AM Document presentation format
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The India used two-wheeler market has displayed a strong growth over the five year period from 2010-2015 on account of increasing income of households, immigration of working individuals in search of work or education as well as greater availability of used two-wheelers in the country. The used-two wheeler market in India has underscored a growth of ~% in terms of sales volume over the period 2010-2015. Further, online-automobile portals became a medium through which used vehicles started selling online. The market witnessed entry of a few organized players which focused on product quality. This encouraged working women and young individuals to look for used vehicles in good conditions. The market recorded revenue of INR ~ million in 2010, which enlarged to INR ~ million by 2015.
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Goldstein Research analyst forecast the Sri Lanka had 10.1 million registered three wheelers in 2016, with more than 75,000 vehicles being imported in that year. Further, Sri Lanka three wheelers market to grow at a CAGR of 7.2% during the period 2016-2024.
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