Two-wheeler sales surge marginally in June, reviving Covid situation boosted
- Lifting of state lockdowns have helped the two-wheeler majors to post sales growth.
- Majority of key two-wheeler brands have posted marginal sales growth last month.
The Indian two-wheeler industry has witnessed a surge in sales in June 2021. This marked a revival in monthly sales for the industry after the lull in May this year due to the second wave of the Covid pandemic. The pent-up demand translated into deliveries to dealers and converted into retail sales boosted the industry.
Also Read : Royal Enfield sells 43,048 units of motorcycles in June
With the majority of the states lifting lockdowns after the decrease in Covid cases, demands for the two-wheelers have increased last month. As consumers are preferring personal mobility over the shared mobility or public transport, two-wheelers are witnessing increasing demand.
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India's largest two-wheeler manufacturer Hero MotoCorp posted a marginal 2% YoY sales growth last month with 484,514 units sold in the domestic market. The company registered 175% MoM sales last month. During the April-June quarter, the company sold a total of 1,024,507 units of motorcycles and scooters.
The closest competitor to Hero MotoCorp, India's second-largest two-wheeler brand Honda Motorcycle & Scooter India sold 212,446 units in June 2021. The company posted a 5% YoY growth in June. The company says that 95% of its dealers have resumed business after the local lockdowns have been lifted. This has helped HMSI to record sales revival.
Bajaj Auto is another major two-wheeler manufacturer that recorded 6% YoY sales growth last month with 155,640 units sold in the domestic market. It posted a whopping 43% growth in export numbers last month with 154,938 units shipped to overseas markets.
Among the homegrown two-wheeler major TVS Motor Company posted a flat growth last month with 145,413 units sold in June. The company posted 144,817 units in the same month last year.
Royal Enfield might have witnessed a surge in demand in the last few years, but the company has been impacted hard by the pandemic. Its June sales declined 2% to 35,815 units compared to 36,510 units registered in the same month a year ago.
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