Summary:

Domestic sales for India’s top two-wheeler manufacturers increased in October, driven by the festival season. TVS Motor, Hero MotoCorp, and Royal Enfield all saw YoY growth ranging from 13% to 26%. TVS led with a 13% increase, selling 390,489 units, while Hero MotoCorp grew by 17.4%, reaching 657,403 units, thanks to its 'Grand Indian Festival of Trust.' Royal Enfield saw the greatest increase at 26%, selling 101,886 bikes.

In terms of exports, Indian motorcycle manufacturers also experienced strong growth. TVS Motor’s exports rose by 16%, totaling 87,670 units. Hero MotoCorp saw a 43% increase, while Bajaj Auto’s exports grew by 24%, reaching 158,463 units. Royal Enfield experienced a remarkable 150% surge, driven by expansion in South Asia and Latin America. Despite challenges, the festive season fueled significant domestic sales growth across the industry.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.