TVS Motor Firm, Honda Motorbike and Scooter India, and Suzuki Motorbike India noticed a substantial leap in gross sales in comparison with Could 2021.
The Indian two-wheeler market witnessed an upswing in gross sales in Could 2022. All main gamers reported robust numbers, a sign of enhancing purchaser sentiments because the economic system opens up. One other seemingly issue is that, with firms encouraging work from the workplace, the demand for private transport is pushing gross sales.
The general sentiment has additionally improved because of the excise responsibility reductions in gas. In truth, the expansion trajectory might proceed if it’s an excellent monsoon season. This might probably enhance rural incomes, which might result in consumers buying a motorcycle or scooter. One issue that might play spoilsport is the hike in third get together insurance coverage premiums.
Right here’s an in depth gross sales report of all main two-wheeler producers in India for the month of Could 2022.
Hero MotoCorp: 4,66,466 items
Hero MotoCorp offered 4,66,466 items in Could 2022 within the home market, as in opposition to 1,59,561 items in Could 2021. Within the month-on-month gross sales, the corporate posted a 17 % progress over the earlier month when it offered 3,98,490 two-wheelers. A complete of 4,86,704 items, together with the exports of 20,238 items, had been offered in Could 2022. Vikram Kasbekar, the corporate’s govt director, stated, “The latest determination of the federal government to scale back the central excise responsibility on petrol and diesel, which has lowered gas prices, supplied a much-needed aid to motorbike and scooter customers within the nation.” Through the month, the corporate additionally launched the brand new version of Splendor – the Splendor+ XTEC, which it hopes will add to gross sales of this model that has constructed for itself a formidable fame.
Bajaj Auto: 96,102 items
Bajaj Auto’s Could 2022 home two-wheeler gross sales elevated 59 % to 96,102 autos, in comparison with 60,342 two-wheelers offered in Could 2021; its April 2022 tally was 93,233 items. Exports have, nevertheless, declined 15 % to 1,53,397 two-wheelers from 1,80,212 autos exported final Could. The semiconductor scarcity has been affecting the corporate’s efficiency adversely over the previous few months.
Honda Motorbike & Scooter India: 3,20,844 items
Honda Motorbike & Scooter India’s (HMSI) home gross sales stood at 3,20,844 items in Could 2022, as in opposition to 38,763 two-wheelers in Could 2021. Nonetheless, in comparison with its April 2022 gross sales (3,18,732 items) it registered a 1 % month-on-month progress. Atsushi Ogata, MD, president and CEO, HMSI, stated, “The market is gaining again energy, as disturbances when it comes to supply-side are subsiding, coupled with rising bodily presence at workplace and academic establishments. The gross sales figures this month stay incomparable from Could 2021, as frequent lockdowns in wake of the second wave marred the efficiency throughout this era final 12 months. Progress in home in addition to worldwide commerce continues to enhance one another as we method an early monsoon.”
TVS Motor Firm: 1,91,482 items
TVS Motor Firm’s Could gross sales rose 6 % month-on-month, with 1,91,482 items offered in Could 2022 as in opposition to 1,80,533 items offered in April 2022. Its home two-wheeler gross sales grew from 52,084 items in Could 2021 to 1,91,482 items in Could 2022.
The corporate stated that, whereas the chips state of affairs noticed some enchancment, the availability of semiconductors affected manufacturing and gross sales of premium two-wheelers. “We’re working aggressively with alternate sources and taking each effort to enhance provides on the earliest,” the corporate stated.
Royal Enfield: 53,525 items
Royal Enfield posted home gross sales of 53,525 items in Could 2022, as in opposition to 20,073 bikes for a similar month final 12 months. Persevering with its upwards trajectory in worldwide markets, Royal Enfield exported 10,118 bikes, which is its highest ever, representing a 40 % 12 months on 12 months progress.
Suzuki Motorbike India: 60,518 items
Within the home market, Suzuki Motorbike India offered 60,518 items, an 11 % progress in month-on-month gross sales as in opposition to 54,327 items in April 2022. The corporate additionally exported 11,008 items in Could 2022. Satoshi Uchida, managing director, Suzuki Motorbike India, stated “The 2-wheeler trade continues to manoeuvre by means of the challenges offered by the pandemic and supply-chain disaster. Regardless of these testing circumstances, Suzuki Motorbike India has witnessed a passable demand, each from the home and abroad markets.”