Two-wheeler sales drag domestic auto sales to six-year low, exports shine

Overseas shipments by volume of scooters and motorbikes hit the highest since FY16

In what was a start-stop year for the country’s automobile industry, dispatches to dealers in India fell to a six-year low, with motorcycles and scooters being the major laggards in the last financial year (FY22).

According to the data released by Society of Indian Automobile Manufacturers (Siam), domestic auto sales in FY22 declined 6 per cent to 17,513,596 units compared to 18,620,233 in FY21. Dispatches of motorcycles and scooters fell 11 per cent to 13,466,412 units. The slowdown comes on the back of higher acquisition cost, rising fuel prices and slowing economic growth.

Interestingly, the two-wheeler segment catapulted exports to