Major two-wheeler (2W) manufacturers of India saw a double-digit increase in domestic sales in September as they prepared for the festive season. Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India (HMSI), and TVS Motor Company, all recorded increase in sales ranging between 9 per cent and 28 per cent, due to strong domestic demand and upbeat market sentiment.
In H1FY25, domestic sales reflected this upward trend, with a 16 per cent rise in two-wheeler sales compared to the same period in 2023. Most players saw high single-digit to double-digit growth, riding on positive sentiments in rural markets due to good monsoons.
This story is from the October 03, 2024 edition of Business Standard.
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This story is from the October 03, 2024 edition of Business Standard.
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