to the Federation of Automobile Dealers Associations (FADA), the 2W segment is
yet to show signs of any revival as it remains a drag by falling as much as
-14% in retail sales for the month of September 2022.
2W segment showed a growth of 9% YoY but fell by -14% from Sept’19 (non covid
period). Due to increased input costs, 2W companies raised prices by 5 times in
past one year. Apart from this, RBIs fight with inflation saw rate hikes which
continued to make vehicle loans expensive. 2W especially entry level vehicles
are finding extremely less buyers thus dragging the entire segment.
enquiry level in 2W segment is showing positive movement. If this segment, especially
entry level 2W also performs well improving its growth to low double digits,
overall Auto Retail will see higher growth compared to last two 2 festivals but
may still lag pre-covid numbers of October’19.
Honda Motorcycle and Scooter India sold 2.84 lakh units in September 2022, with
Hero MotoCorp coming in second with 2.50 lakh, followed by TVS Motor Company at
third with 1.70 lakh.
two wheeler segment saw Ola Electric emerging as number one with sales of 9432
units for September 2022, followed by Okinawa with 8172 units, Hero Electric
with 7880 units Ampere with 6073 units and Ather with 6150 units.
Two – Wheeler (2W)
Market Share (%), SEP'22
Market Share (%), SEP'21
HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD
HERO MOTOCORP LTD
TVS MOTOR COMPANY LTD
BAJAJ AUTO LTD
ROYAL-ENFIELD (UNIT OF EICHER LTD)
SUZUKI MOTORCYCLE INDIA PVT LTD
INDIA YAMAHA MOTOR PVT LTD
OLA ELECTRIC TECHNOLOGIES PVT LTD
OKINAWA AUTOTECH PVT LTD
HERO ELECTRIC VEHICLES PVT. LTD
AMPERE VEHICLES PRIVATE LIMITED
ATHER ENERGY PVT LTD
PIAGGIO VEHICLES PVT LTD
CLASSIC LEGENDS PVT LTD
Others including EV
Source: FADA Research
1- The above numbers do not have
figures from MP, LD & TS. Even though MP is now on Vahan, due to
unavailability of previous year’s figure, we have not taken them in our
comparison for September’22.
2- Vehicle Retail Data has been
collated as on 02.10.22 in collaboration with Ministry of Road Transport &
Highways, Government of India and has been gathered from 1,339 out of 1,411
3- Others include OEMs accounting
less than 0.1% Market Share.
Reise Moto, a division of Mahansaria Group, announced the launch of their premium two-wheeler tyre brand ‘Reise’ in India.
In the future, Continental will offer Advanced Driver Assistance Systems (ADAS) solutions based on the “CV3”artificial intelligence (AI) system-on-chip (SoC) family from semiconductor company Ambarell...
Post a successful foray into the auto tech segment with the launch of the Smart Dashcam, Qubo, Hero Electronix’s consumer technology brand is expanding the portfolio with their latest Dashcam Pro 4K.