Brakes on revenue and profit growth of two-wheeler majors

Hero, Bajaj expected to post decline in Q3 as demand remained subdued after demonetisation

After riding to record profits in the second quarter (July-September), top two-wheeler makers — Hero MotoCorp and Bajaj Auto — are likely to post a decline (YoY) in revenue and profits for the October-December quarter. The muted financial performance, a result of a double-digit decline in sales, will come after four-five quarters.

Hero MotoCorp, the country’s biggest two-wheeler maker, has posted a 13 per cent decline (YoY) in units sold during the last quarter, as the demand remained subdued after demonetisation. 

The Delhi-headquartered company had posted its best quarterly sales of 1.82 million units during the second quarter. However, sales