Two-wheelers Sales

Share of value of components supplied to the two-wheeler market goes down

Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis

Dragged down by two-wheelers, overall retail falls 8%

Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors

This includes the JV with Tacita; company is in talks with PE firms

Demand for two-wheelers continues to be weak while that for passenger and commercial vehicles remains robust as compared with last year, a survey by ratings agency Icra has revealed.

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The total wholesales across categories, excluding commercial vehicles, declined to 1,586,873 units last month, compared to 1,790,115 units in August 2020.

The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 22 per cent dip in total sales at 453,879 units in August as compared with same month last year

Suzuki Motorcycle India Pvt Ltd (SMIPL) on Monday reported an over two-fold increase in total sales at 73,083 unit sales in July 2021

The country's largest two-wheeler maker Hero MotoCorp on Sunday reported a 13 per cent dip in total sales at 454,398 units in July

Bajaj Auto on Monday said it sold 1,34,471 units of two-wheelers and commercial vehicles in the domestic market in April

The pace of volume recovery could be key in the coming quarters

Its ability to make further inroads into premium bikes, scooters will be critical

The increase came on back of last year's low base

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Govt would look into the auto industry's demand for lowering the tax rate on two-wheelers, said Sitharaman

Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent

Domestic sales were at 37,925 units, as against 49,182 units in the same month last year, down 23 per cent

In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year