Indian two-wheeler trade sees marginal development in festive month; Hero MotoCorp witnesses 16% drop in gross sales

Indian two-wheeler, which was anticipated to see a seismic shift in the course of the festive interval, didn’t dwell as much as the market expectations and recorded a marginal year-on-year (YoY) development of 1.33 per cent for October 2022 within the Indian market. Compared, the home four-wheeler phase noticed a 29.26 per cent YoY development in the identical interval.

The home two-wheeler trade noticed complete gross sales of 14,97,021 bikes and scooters within the home market in October 2022, as in opposition to 14,77,335 items in October 2021, in response to the information supplied by Federation of Car Sellers Associations (FADA) Chairman Vinkesh Gulati. Gross sales in September 2022 had been larger at 16,49,062 items.

Hero MotoCorp

The nation’s largest two-wheeler producer Hero MotoCorp noticed a gross sales drop of destructive 16.10 per cent and offered 4,42,825-unit in October 2022. The corporate managed to promote 5,27,779 items in the identical month final 12 months. Exports stood at 11,757 items as in opposition to 20,191 items in October 2021.

“With festivals of Dussehra and Diwali — which triggers document retail shopping for — occurring within the month of October this 12 months, the dispatch gross sales of October aren’t similar to the earlier years, when the pageant days are normally unfold throughout the months of October and November,” Hero MotoCorp revealed in an announcement.

Honda Bike and Scooter India

Honda Bike & Scooter India (HMSI), which is the closest rival of Hero MotoCorp by quantity, reported a 3.97 per cent enhance in complete gross sales at 4,49,391 items in October 2022. The corporate offered 4,32,229 items in the identical month final 12 months.

Within the home market, gross sales had been at 4,25,969 items as in opposition to 3,94,645 items within the year-ago month, a development of seven.94 per cent. Exports had been decrease by 37.68 per cent at 23,422 items as in comparison with 37,584 items in October final 12 months.

Atsushi Ogata, Managing Director, President and CEO of HMSI, mentioned, “This 12 months’s pageant season has ushered in a interval of actual development & constructive sentiment after a difficult interval of two-years.”

The corporate’s home portfolio consists of Activa, Dio Sport Version and Shine Celebration Editions.

TVS Motor Firm

TVS, which is among the many quickest rising ICE to EV gamers within the home two-wheeler market, noticed a 7.94 per cent enhance in complete home dispatches at 2,75,934 items in October 2022 as in opposition to 2,58,744 within the year-ago interval.

The corporate additionally registered a development of two per cent with gross sales rising from 355,033 items in October 2021 to 360,288 items in October 2022. TVS’ bike gross sales stood at 164,568 items within the final month as in opposition to gross sales of 172,361 items in October 2021 and its scooter registered a development of 20 per cent from 113,124 items in October 2021 to 135,190 items in October 2022.

The corporate’s complete exports registered gross sales of 82,816 items in October 2022 as in opposition to gross sales of 95,191 items in October 2021. Two-wheeler exports registered gross sales of 68,696 items in October 2022 as in opposition to 82,736 items in October 2021.

Bajaj Auto

The Pune-based two-wheeler maker Bajaj Auto reported a ten per cent decline in complete gross sales at 3,95,238 items in October. The corporate additionally reported home gross sales of two,06,131 items in October 2022, up 3.72 per cent as in opposition to final 12 months’s gross sales of 1,98,738 items.

However, two-wheeler exports declined 29 per cent to 1,35,772 items as in opposition to 1,92,565 items in October 2021. Whole business automobile gross sales rose 10 per cent at 53,335 items final month as in opposition to 48,312 items within the corresponding interval final 12 months.

The corporate’s India choices embrace fashions like Pulsar, Platina, CT 100, Avenger and Dominar in addition to Chetak electrical scooters.

Royal Enfield

Royal Enfield reported an 86 per cent enhance in complete gross sales at 82,235 items in October 2022. Compared, the corporate offered 44,133 items in October 2021. Exports grew by 62 per cent at 5,707 items as in opposition to 3,522 items in October 2021.

Apparently, the corporate additionally recorded the very best development within the home market in October 2022. Its dispatches to sellers had been at 76,528 items as in comparison with 40,611 items within the year-ago month, registering a development of 88 per cent.

The corporate’s home choices are Basic 350, Hunter 350, Meteor 350, Bullet 350 and Electra 350 collection.

B Govindarajan, CEO of Royal Enfield, mentioned, “The momentum for demand that we witnessed at first of the festive season has continued effectively into this month with October bringing within the highest-ever gross sales in a month.”

Suzuki Bike India

Suzuki Bikes offered 69,634 items in October 2022, up 22.63 per cent in opposition to 56,780 items offered over the identical interval final 12 months.