The 2-wheeler gross sales in India skilled a marginal decline in Might as in comparison with the identical interval within the earlier yr. The key two-wheeler producers of the nation reported a lower in gross sales numbers, reflecting a broader development within the business.
Market chief Hero MotoCorp, offered 498,123 items in Might 2024, marking a lower from the 519,474 items offered in Might 2023. This decline was noticed in each the scooter and motorbike segments.
Particularly, Hero MotoCorp’s scooter gross sales fell to 26,937 items in Might 2024, down from 30,138 items in Might 2023. Motorbike gross sales additionally noticed a decline, with 471,186 items offered in Might 2024 in comparison with 489,336 items in Might 2023.
Bajaj Auto, one other participant within the two-wheeler market, additionally registered a decline in gross sales. In Might 2024, Bajaj Auto’s complete two-wheeler gross sales stood at 305,482 items, a slight drop of 1% from the 307,696 items offered in Might 2023. This marginal decline highlights the aggressive pressures and market circumstances affecting the two-wheeler phase.
Eicher Motors, the guardian firm of Royal Enfield, additionally reported a lower in motorbike gross sales. In Might 2024, the corporate offered 71,010 items, which is 8% decrease than the 77,461 items offered in Might 2023.
Regardless of this decline in home gross sales, all three have reported progress in exports. Eicher Motors exports grew by 12%, with 7,479 items offered in Might 2024 in comparison with 6,666 items in Might 2023. This improve in exports highlights worldwide demand for Royal Enfield bikes.
Bajaj Auto registered a 4% progress in exports from 1,12,885 items in Might 2023 to 1,17,142 items in Might 2024.
Hero Moto Corp exports had been up from 11,165 items in Might 2023 to 18,673 items in Might 2024.
The producers are navigating the declines in gross sales by way of numerous methods resembling introducing new fashions, enhancing distribution networks, and specializing in export markets. With good monsoon predicted by the Indian Metrological Division, gross sales of two-wheelers might go up within the coming months.
