India's two-wheeler market remains dominated by motorcycles, but scooters are catching up fast. In every month of FY23, the sales growth of scooters came in higher than that of motorcycles. And in December, when scooter shipments rose from a year ago, motorcycle dispatches actually fell.
Scooter dispatches by Hero MotoCorp, TVS Motor Co. and Suzuki surged last month compared to a year ago, even as motorcycle volumes declined. Motorcycle maker Bajaj Auto also witnessed a sales decline.
This divergence seen in December is not a one-off phenomenon. Wholesale dispatch data by two-wheeler makers showed that the contribution of scooters in the two-wheeler market is at its highest level in 2022-23 since FY18. In the April-November period, scooters contributed 32.9% to total two-wheeler sales in the domestic market, compared to 29.8% in FY22 and 29.6% in FY21.
The previous record of dispatches for scooters was in FY18, accounting for 33.3% of two-wheeler sales volumes.
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