Indian 2 Wheeler Sales Figures – June 2020

Hero’s Splendor became the best selling two wheeler for June 2020. Even HF Deluxe from Hero was able to overtake Honda’s Activa in June’20.

OEM-wise Snapshot –





Two Wheeler Modelwise Sales for June 2020 –





Best Selling Motorcycles for June 2020 – 

MOTORCYCLES
RANK OEM Model June’20 Sales
1 Hero Splendor 1,80,266
2 Hero HF Deluxe 1,29,602
3 Bajaj Pulsar 80,822
4 Hero Glamour 45,252
5 Honda CB Shine 40,316
6 Hero Passion 39,900
7 Bajaj Platina 35,277
8 Bajaj CT 22,762
9 Royal Enfield Classic 350 22,699
10 Honda Dream 15,635
TOTAL 6,12,531




Best Selling Scooters for June 2020 – 

RANK OEM Model June’20 Sales
1 Honda Activa 1,21,668
2 TVS Jupiter 37,831
3 TVS NTORQ 18,680
4 Suzuki Access 15,540
5 Hero Pleasure 15,012
6 Honda Dio 12,883
7 Hero DESTNI 125 12,475
8 TVS Pep + 8,291
9 Yamaha Ray 7,832
10 Yamaha Fascino 7,116
TOTAL 2,57,328

 

Bajaj Auto leveraged on exports in May 2020!

While the domestic market was reeling with lockdown in several parts of the country; Bajaj Auto’s strategy of focusing on exports worked well. Bajaj Auto’s exported over 2 times the domestic volumes in May 2020! However; the overall sales of Bajaj Auto fell 70% YoY to 1,27,128 units in May vis-a-vis 4,19,235 units in the same month last year. The segment wise sales bifurcation for Bajaj Auto is as shown –

Segment May-20 May-19 Change %
2-WHEELERS
DOMESTIC 39,286 2,05,721 -81%
EXPORTS 73,512 1,59,347 -54%
SUB-TOTAL 1,12,798 3,65,068 -69%
COMMERCIAL VEHICLES
DOMESTIC 788 30,103 -97%
EXPORTS 13,542 24,064 -44%
SUB-TOTAL 14,330 54,167 -74%
TOTAL (2-WH + CV)
DOMESTIC 40,074 2,35,824 -83%
EXPORTS 87,054 1,83,411 -53%
TOTAL 1,27,128 4,19,235 -70%

 

 

  • Domestic two-wheelers reported dispatches of 39,286 units in May’20 vs 2,05,721 units in May’19 — 81% decline.
  • Two-wheeler exports recorded 73,512 units vs 1,59,347 a year ago which was a 54% decline.
  • Domestic commercial vehicles saw a dip of 97% (788 units in May’20 vs 30,103 in May’19)
  • Commercial Vehicle exports registered 13,542 dispatches in May 2020 vs 24,064 in May’19; which was a 44% decline

Ola Electric acquires Etergo

Ola Electric Mobility, instituted in 2017 as a subsidiary of Ola Cabs, has announced its acquisition of Amsterdam based electric scooter EVM – Etergo. Ola electric aims to be a full-fledged EV manufacturer, differing from Ola Cab services. It aims to pioneer and revolutionize premium EV two wheeler segment in India. Ola Electric will be leveraging Etergo’s design and engineering capabilities to build its first smart electric two wheeler, which is expected to be launched in 2021 aiming both global and local markets. Etergo has extensive experience in working with giants like Tesla, GM, Ferrari, Jaguar and BMW.

Since the works are still in the initial stages, we couldn’t get a number at which the EV is expected to be launched. But pinging on the segment of Premium EVs, one can expect it to be priced higher than the most premium e-scooter currently available in the Indian market – the Ather 450x, but still it is a little too early to tell.

Ola Electric is also in talks with energy companies, battery manufacturers and vehicle manufacturers on “swappable batteries” technology, and also to build and promote a green mobility ecosystem.



Bhavish Aggarwal, Founder & Chairman, Ola Electric said, “The future of mobility is electric, and the post COVID world presents an opportunity for us to accelerate the adoption of electric mobility globally. Every year, almost twice the number of two-wheelers are sold across the world compared to cars.” He further added, “With electric, digitally connected capabilities, two-wheelers will further emerge as the most preferred urban mobility paradigm around the world and empower every consumer. We look forward to building the best global capabilities in engineering, design, and manufacturing for these products to be made here in India.”

Commenting on the development, Bart Jacobsz Rosier, Co-founder & CEO, Etergo BV said, “Ola is one of the world’s most admired mobility companies and has led the way for many innovations in the space, including its bold ambition for electric mobility. We are looking forward to joining Ola Electric and together, reimagining electric mobility to transform the way the world moves!”

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Fuel Prices Hiked To Rake In More Funds To Fight Covid-19

Fuel Prices Increased To Fund Covid-19 Pandemic
Fuel Prices Increased To Fund Covid-19 Pandemic

Prices of petrol and diesel are up from May 6, 2020, as central and state governments are looking for ways to replenish their cash reserves to continue battling the Covid 19 pandemic. The economy has come to a standstill, which is not only affecting the lives of daily wage workers and private sector employees but also businesses and governments.

Despite a phenomenal drop in crude oil prices with chances of more to come, the fuel prices were not reduced in the country. Now, there’s a price hike instead to possibly replenish the cash reserves, which may be used to continue to treat the sick and prevent the spread of the Coronavirus.

Also Read: Passenger Cars Taxation Structure in India

Revised Petrol And Diesel Fuel Prices

Delhi Petrol up Rs. 1.67 – now at Rs. 71.30

Delhi Diesel up Rs. 7.10 – now at Rs. 69.43

Haryana Petrol up Rs. 1.01 – now at Rs. 70.83

Haryana (Rewari) diesel up Rs. 1.11 – now at Rs. 62.80

Tamil Nadu (Chennai) Petrol up Rs. 3.26 – now at Rs. 75.52

Tamil Nadu (Chennai) Diesel up Rs. 2.51 – now at Rs. 68.20

Goa (Panaji) Petrol up Rs. 2.11 – now at Rs. 68.54

Goa (Panaji) Diesel – no change – now at Rs. 63.03

Rajasthan (Jaipur) Petrol up Rs. 1.11 – now at Rs. 76.68

Rajasthan (Jaipur) Diesel up Rs. 0.54 – now at Rs. 69.80

The price jump of Rs. 7.10 for diesel in Delhi is massive and it’s now almost as costly as petrol. It’s worth noting that in the capital and surrounding regions, petrol vehicles older than 15 years and diesel vehicles of more than 10 years of age are not allowed to run. This had already put a dent in the sales of diesel vehicles in the region. Even newer diesel vehicles were leaving RTOs with 10-year lifespan on their registration certificate. It’s not clear yet if this age-limit rule will apply to BS6 petrol and diesel vehicles as well. However, closing the price gap between petrol and diesel fuel is likely to adversely affect the sales of diesel vehicles. Cost of making diesel vehicles BS6 compliant also increased the price gap between petrol and diesel vehicles for the consumers.

Source

India’s Two-Wheeler Exports Grew 7.3% in FY2019-20

The total two-wheeler exports including motorcycles, scooters and mopeds, reached 35,20,376 units in FY2019-20, as against the 32,80,841 units exported FY2018-19.

Amidst slowdown in domestic sales, India’s two-wheeler exports have recently witnessed over 7 percent growth in  financial year 2019-20 (link). Do note that, in the domestic market, the total two-wheeler sales went down by 17.7 per cent in FY2020 at 1,74,17,616 units, from 2,11,79,847 units sold during the same period last year. Recovery in markets such as Africa and Latin America has helped two-wheeler manufacturers pump up their exports from India.

Bajaj Boxer was the most exported motorcycle from India and over 1 million Boxers were exported in FY2020!

Top 25 Two Wheelers contributed to over 88% of two wheelers exported from India! Majority of the Two Wheeler exports from India is Motorcycles – 21 out of Top 25 exported Two Wheelers are Motorcycles.

  • Bajaj Auto topped the two wheelers exporter list and it exported 18,69,220 motorcycles in FY2020. Bajaj commands a market share of over 53% in terms of Two Wheeler Exports. Bajaj exports its bikes to over 70 countries and last year dispatched around 40 per cent of its total production to Africa, Latin America and Middle East markets.
  • Bajaj Boxer was the largest exported two wheeler in FY20. 1 out of 3 two wheelers exported from India was a Boxer! Bajaj’s Boxer has a huge demand in African & Latin American countries. Bajaj is also the market leader in many of the African two-wheeler markets and commands a price premium too over the competition!
  • TVS Motor Company is the second largest two-wheeler export manufacturer from India and one among the top ten in the world exporting to more than 60 countries. It exports to Asia Pacific countries (Afghanistan, Bahrain, Bangladesh, Cambodia, Indonesia, Iran, Iraq, Kuwait, Myanmar, Nepal, Philippines, India, Sri Lanka, UAE, Yemen); Europe (Turkey); Africa (Benin, Burkina-Faso, Burundi, Comoros, Central African Republic, Congo, Djibouti, Ethiopia, Gambia, Guinea Bissau, Ghana, Mozambique, Guinea, Ivory-Coast, Kenya, Liberia, Malawi, Mali,Mauritius, Niger, Nigeria, Seychelles, Senegal, Sierra-Leone, Tanzania, Togo, Uganda,Zambia) and Latin America (Colombia, Costa-Rica, Dominican-Republic, Ecuador, Honduras, Mexico, Nicaragua, Peru). Source
  • TVS Star City was second most exported motorcycle in FY2020. TVS exported over 4.1 Lakh units of Star City and grew a healthy 26% YoY.
  • Honda Dio was the only scooter in the Top 10 exported two wheelers. Honda exported over 1.19 Lakh units of Dio; but faced a YoY degrowth of -29%.
  • FZ was the highest exported Yamaha for FY2019-20. Yamaha exported over 1 Lakh FZ’s in FY2020.
  • Since the launch of Continental twins, Royal Enfield has become more of a focused exporter. The company believes that there are many markets with decent demand for a mid-sized motorcycle and have started aggressively venturing into them. The Chennai based motorcycle manufacturer exported 19,597 units in FY2020. Royal Enfield exports to over 50 countries with top markets being Colombia, Indonesia and Thailand.