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Domestic sales for four major two-wheeler manufacturers, Hero MotoCorp, Honda Motorcycle & Scooter India, TVS Motor, and Bajaj Auto, saw a double-digit growth in April compared to the corresponding month last year, driven by high demand.
These four companies collectively dominate approximately 80 per cent of the total two-wheeler market in the country.
Their volume sales growth in April stands in stark contrast to that of passenger vehicle makers, who experienced a modest growth of less than two percent during the same month.
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Hero MotoCorp, India’s largest two-wheeler maker, saw its domestic sales jump by 32.9 per cent year-on-year (YoY) to 513,296 units in April.
Honda Motorcycle & Scooter India saw its domestic sales rise by 42.2 per cent YoY to 481,046 units in April.
“All two-wheeler OEMs (original equipment manufacturers) have reported double-digit growth due to robust domestic demand owing to regional festivals and the wedding season. The base was not entirely comparable due to the postponement of Gudi Padwa in the western states, and Chaitra Navratri in the northern and central states. Double-digit volume growth despite healthy stock levels of 40-45 days and minimal discounts underscore the strong domestic demand. New launches in the 125cc and the premium segment from various OEMs are being received well,” said D. K. Mudaraddi, Research Analyst, Stoxbox.
Domestic sales of India's four major 2-wheeler makers saw signficant jump in April
