Two-wheeler makers had a different ride from car manufacturers in June. Against a double-digit decline in sales volume for passenger vehicles, most two-wheeler makers clocked growth. The June performance was led by the country’s biggest two-wheeler maker, Hero MotoCorp.
Hero, TVS, Royal Enfield, and Suzuki reported strong double-digit growth in sales volume for June. Price cut due to GST roll-out from July is expected to expand the market further.
Hero MotoCorp, which sells every third two-wheeler in the country, reported a growth of over 13 per cent in sales volume. Its motorcycle sales volume surged 13 per cent to 547,185