Mumbai: India’s second largest two-wheeler company and the largest scooter manufacturer, Honda Motorcycle & Scooter India Pvt Ltd (HMSI) said that the surge in demand for two-wheelers is expected only from Diwali later this year. “It is difficult to see growth because of the (ongoing) economic situation and the price gap between the BS IV and BS VI compliant models. This price gap is more than 10%. We plan to provide better financing schemes to counter this problem. However, the market will remain tough going forward and it will still take time to get back to the normal growth,” Minoru Kato, president and chief executive officer at HMSI told Mint. He was talking on the sidelines of the Activa 6G scooter launch in Mumbai on Wednesday. “Affordability is the most important parameter. It will take some time for the customers to digest the new price points (under BSVI regime). We may see uptick in demand from festive season, that is only from Diwali,” added Y S Guleria, senior vice president, marketing and sales, HMSI. Data released by Society of Indian Automobile Manufacturers (Siam) suggests that the two-wheeler segment volumes have dropped 16% year-on-year in three...