INSUBCONTINENT EXCLUSIVE:
3 min read Last Updated : Oct 02 2024 | 10:51 PM IST
Major two-wheeler (2W) manufacturers of India saw a double-digit increase in
domestic sales in September as they prepared for the festive season
Bajaj Auto, Hero MotoCorp, Honda Motorcycle - Scooter India (HMSI), and TVS Motor Company, all recorded increase in sales ranging between 9
per cent and 28 per cent, due to strong domestic demand and upbeat market sentiment.
In H1FY25, domestic sales reflected this upward
trend, with a 16 per cent rise in two-wheeler sales compared to the same period in 2023
Most players saw high single-digit to double-digit growth, riding on positive sentiments in rural markets due to good monsoons.Click here to
season by banking on high demand across its 100cc, 125cc, and premium segments
It expects the positive market sentiment, on the back of a good monsoon, to fuel stronger retail sales in October.
HMSI registered a 9
per cent increase in domestic sales, with 5,36,391 units sold in September
electric vehicle (EV) sales also saw a 42 per cent growth.
Speaking on the performance of the two-wheeler segment, Anurag Singh, managing
However, they may have placed too much stock at dealers ahead of the festive season
said.
Hero MotoCorp's exports increased by 21 per cent, while HMSI recorded a 34 per cent rise in overseas sales
climbed by 13 per cent.First Published: Oct 02 2024 | 6:08 PMIST
