The two-wheeler industry is noticing a turnaround in sales after months of poor performance unsettled to multiple factors, including limited demand from rural areas. A major reason of the better numbers is the low base as markets started reopening after the pandemic subsided, said Industry Analysts.
Two-wheeler market leader Hero Moto Corp witnessed growth in its sales in April, after 10 months of negative sales year-on-year (y-o-y). The company sold 3,98,490 units in April. Similarly, Honda Motorcycle and Scooter India said, It sold 3,18,732 units in last month. TVS Motor Company too produced a growth of 37 per cent y-o-y and sold 1,80,533 units in last month. while, Royal Enfield sold 53,852 units in April.
Bajaj Auto reported declined sales of 93,233 units in April, a decline of 26 % y-o-y as against 1,26,570 units in April 2021. Suzuki Motorcycle India also reported a decline of 15 % y-o-y in its monthly sales to 54,327 during the month as compared with 63,879 units in same period last year.
Satoshi Uchida, Managing Director, Suzuki Motorcycle India, said, “Two-wheeler industry continues to cross through the challenges thrown by the pandemic and semi-conductor shortage. Even with these challenges, Suzuki Motorcycle India has maintained its sales momentum.”
“We look forward to easing out of the supply restrictions so that we can serve to the ever increasing demand for Suzuki two-wheelers both from the domestic and overseas markets,” he added.