It is no secret that the four-wheeler industry posted better results than the two-wheeler segment in the past nine months. It was expected that during the festive period there would be a seismic shift in the two-wheeler market. That didn't happen. Traditional strong markets in North India failed to live up to their reputation while the markets in the Southern states did surprisingly well. As a result, the performance figures appear somewhat mixed, but overall, they do indicate that the market isn't stagnating anymore. In fact, there are indications of an upward trend that may appear marginal when compared to the double-digit growth of four-wheelers but is still discernible.
Speaking to Autocar Professional, Vinkesh Gulati, former FADA President said that "two-wheelers will continue on the path of recovery thanks to the wedding season which will further give relief to the sector which has been facing negative headwinds due to multiple challenges." Gulati however, indicated that targeting the pre-covid levels of growth is "still miles away" as there continues to be stress at the rural level with inflation and unseasonal rains continuing to play spoilsport dampening overall consumer spending.
Here's a quick look at how the brands have fared so far.
ROYAL ENFIELD ROYAL ENFIELD
Units sold 76,528
Percentage growth (+84.44)
Royal Enfield has shown the strongest recovery of 84.44 percent of 76,528 units of domestic sales in October 22 as compared to 40,511 units in October 21.
This is due to huge consumer interest in its highest-seller, Classic 350, followed by the recently introduced Hunter 350, Meteor 350, Bullet 350, and Electra 350 series.
SUZUKI MOTORCYCLE INDIA
Units sold 69,634
Percentage growth (+22.63)
Denne historien er fra 15th November 2022-utgaven av Autocar Professional.
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Denne historien er fra 15th November 2022-utgaven av Autocar Professional.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Spain's Fersa Group invests in India-based Delux Bearings
Besides theRs100 croreinvestment, the Indian company gets access toadvanced technologies and bearings with arange of applications that willhelpinits global growth strategy, writes Manobhava Baruah.
Tata Autocomp to open compact dual-clutch transmission plant
Amidthe country’s growing need for personal mobility with easy manoeuvrability, comes the demand for vehicles with automatic transmission. Tata AutoCompisready tomovein writes Shruti Mishra.
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
New age thermoplastics for next-generation EV batteries
Saudi-based global materials major SABIChas developed cutting edgein fire-resistant polymers and flame-retardant materials that comply with various EV battery safety standards across the world.
Switch Mobility to meet growing e-bus demand with fresh capex
Oncourse for abillion-dollar business, the company is exploringa possibility of operating satellite factories across the country to serve different geographies, write ShahkarAbidi and Ketan Thakkar.
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
New investmentto drive R&D, infrastructure development and manufacturing capabilities. The company willlocally produce EVsin India with possibility of exports as well, writes Mayank Dhingra.
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Amitabh Saran, Founder and CEO, Altigreen, shares his views on problems inthe EV industry and battery localisation solutions with Amit Vijay M.
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
The company aims to offer wider choices withnew EVs that may straddle a pricebracket of Rs20to 40lakhinthe coming years, writes Ketan Thakkar.
MG Motor India in expansion drive, to invest $100 million
The investment willbe usedtoramp up existing production capacity from1.2to1.4-15lakh units per annum atthe automaker's Halol plantin Gujarat, writes Ketan Thakkar.
"Technology and its multiplier effect are driving business transformations and customer experiences"
Technical Centre India is one of Continental’s largest research and development centres in the world, andasa Centre of Competence’ it also develops customised products for the BRIC countries.