Indian Two-Wheeler Segment Reports YoY Decline of 20 Per Cent in February

As the stoop within the Indian automotive trade continues, the two-wheeler section suffered a year-on-year decline of 19.9 per cent in February. Apart from a handful of producers together with Royal Enfield, Suzuki, Harley Davidson and Triumph, all different producers continued their declining gross sales in February.

Homegrown producers like Hero MotoCorp, TVS and Bajaj continued to underperform as in opposition to their gross sales in the identical month final 12 months. Hero MotoCorp reported a Y-o-Y decline of 20 per cent after it offered 4,80,196 items final month as in opposition to the 6,00,616 items it offered in February 2019. Similarly, Bajaj reported a decline of 21.three per cent whereas TVS and Mahindra reported a decline of 26.7 and 44.5 per cent respectively.

While Mahindra reported the utmost decline, near it was Kawasaki which reported a decline of 43.7 per cent in the identical month. Among homegrown producers, it was solely Royal Enfield which managed to report optimistic figures at a progress of 1.9 per cent. By promoting simply 44 items greater than February final 12 months, Harley Davidson recorded essentially the most progress at 31.2 per cent.

Overall gross sales figures of the two-wheelers section in India stood at 12,94,791 items as in opposition to the 16,14,981 items that had been offered in the identical month final 12 months.