Royal Enfield accounts for 93 p.c of 250-350cc section gross sales; HMSI for 51 p.c of 110-125cc section.
Bikes are the largest sub-segment inside two-wheelers and accounted for 24,05,228 items or 64 p.c of whole two-wheelers within the April-June 2022 interval (Q1 FY2023). Scooters comprised precisely half that quantity – 32 p.c, or 12,07,903 items, and mopeds made up the rest with 1,11,402 items.
In Q1 FY2023, the two-wheeler section noticed YoY progress of 54 p.c with scooters recording 100 p.c progress on a decrease base than bikes, which registered a YoY improve of 38 p.c. Barely three months earlier than FY2023 kicked in, the general two-wheeler market was down 11 p.c, at 1,34,66,412 items in FY2022 (FY2021: 1,51,20,783) – bikes have been down 10.34 p.c to 89,84,186 items (FY2021: 1,00,21,231) and scooters equally down by 10.55 p.c to 40,09,076 items (FY2021: 44,82,305).
75-110cc section – 12,76,764 items
The majority of the shopping for in Q1 has occurred within the frugal bike class – primarily 100 to 110cc bikes, which excel within the artwork of stretching each ounce of pricey petrol to the max. Over 12 lakh (12,76,764 items) of them have been bought, recording sturdy 35 p.c YoY progress and accounting for 53 p.c of whole motorbike gross sales in Q1.
Hero MotoCorp is the large winner right here and, with 1,049,687 items, has 82 p.c of this entry-level bike market share, adopted by Bajaj Auto with 93,552 items (7.Three p.c share), TVS Motor Co with 85,094 items (6.6 p.c share) and Honda Bike and Scooter India (HMSI) with 48,431 items (3.79 p.c share).
110-125cc section – 6,91,022 items
This section noticed gross sales of 6,91,022 items, up 66 p.c YoY on the 4,15,449 items in Q1 FY2022. Right here, HMSI turns the tables on Hero MotoCorp with gross sales of three,51,125 items or 51 p.c; Hero did half of that, with 1,73,711 items or 25 p.c share; adopted by Bajaj with 1,50,732 items or 22 p.c share; and TVS with 15,454 or 2 p.c section share.
125-150cc section – 76,666 items
This section, whereby Bajaj and Yamaha India are the 2 main gamers, has seen gross sales dip 6 p.c to 76,666 items (Q1 FY2022: 80,031), however that’s as a result of Bajaj’s gross sales listed below are down by 52 p.c to 25,785 (Q1 FY2022: 53,639), whereas Yamaha bought 50,881 items of the FZ and SZ, clocking a sensible 92 p.c YoY progress.
150-200cc section – 1,80,245 items
This class, which has six gamers in Bajaj Auto, Hero MotoCorp, HMSI, India Yamaha, Suzuki and TVS Motor, noticed gross sales of 1,80,245 items, simply 6 p.c up from Q1 FY2022’s 1,69,947. Whereas three gamers noticed gross sales improve YoY, three registered declines.
Although TVS bought the utmost right here – 51,123 Apaches – it noticed a YoY decline of 36 p.c (Q1 FY2022: 79,576). HMSI with 24,708 items was down 31 p.c and Suzuki additionally down with 2,139 items (-36 p.c).
The highest performer was Yamaha, with 47,995 items (101 p.c progress) bought; Bajaj Auto trailed far behind with 30,935 items, clocking 64 p.c progress in Q1. Hero MotoCorp bought 23,345 items, up 176 p.c, albeit on a low year-ago base of 8,455 items.
200-250cc section – 9,295 items
With simply 9,295 items bought, it’s a 33 p.c decline on year-ago gross sales of 13,794 items within the 200-250cc section. One of many causes for the relative non-performance of this section is the pricing of the bikes. The 200s are practically nearly as good because the 250s in most points. Moreover, the 250s’ pricing tempts folks to have a look at increased capability choices. And gas financial system isn’t their avowed purpose both.
250-350cc section – 1,52,055 items
The quick decreasing worth hole between these bikes and feature-rich premium 150-200cc commuter bikes is driving patrons to the 250-350cc class. Many first-time bike patrons, who can not afford an enormous, muscular superbike, are eager on a smaller, fashion, performance-oriented machine with worth for cash written throughout it.
There’s additionally the worldwide development of producers the world over providing lighter fashions with simple to trip dynamics and ergonomically comfy seat heights, which makes them sensible for metropolis commuting in addition to wind-in-the-hair freeway excursions.
Royal Enfield and its Bullets have taken full cost of this section – with 1,41,844 items bought, up 44 p.c – and accounting for an awesome 93 p.c of this market. The following finest performer was HMSI, promoting 8,744 items of the CB300, whereas TVS Motor bought simply 1,052 items of the RR 310, adopted by Kawasaki with 367 items of the Ninja 300.
350-500cc section – 13,357 items
With a complete of 13,357 items bought, up 108 p.c YoY (Q1 FY2022: 6,416), this class replicates the demand progress of the 300cc market. Royal Enfield’s Bullet 500, with 10,857 items, commanded an 81 p.c share, whereas Bajaj and its Dominar-Husqvarna-KTM mix bought 2,496 items, up 2.6 p.c.
500-800cc section – 5,310 items
With 5,310 bikes bought beneath this class, YoY progress was a sensible 114 p.c. The 650cc twins from Royal Enfield are on the highest on this section, whereas Kawasaki India is the following finest, with 180 items, cut up between the Ninja 650 and Versys. It’s adopted by Triumph Bikes India, with 124 items of the Road Triple.
Progress outlook is cautiously optimistic
Whereas excessive petrol costs, inflationary pressures and value of possession proceed to be challenges within the commuter bike section, sustained demand from rural India will assist drive momentum within the motorbike market within the months forward.
No such inflationary pressures for the midsized or luxurious bike market, the place gross sales are racing alongside at a speedy tempo. As an example, BMW Motorrad India is headed for file gross sales this yr. Within the first six months of 2022, it has bought a complete of three,114 items.
With three months of the fiscal yr over and 9 nonetheless to go, it is nonetheless early days for the two-wheeler trade to verify whether or not sustained progress is right here to remain. However the ample monsoon throughout the nation bodes effectively for the agrarian-led financial system, together with the advantages that percolate first to the two-wheeler segments, adopted by the remainder of the auto trade.