Two Wheeler Registrations saw a dip of -27.6% in Apr’21 v/s Mar’21. Around 8.65 L two-wheelers were sold in India for April 2021 v/s sales of 11.95 L units in March 2021. Do note that the Domestic Dispatches of Two Wheelers had declined -33.5% MoM in Apr'21 (source).
FADA in its report mentioned that India is currently facing one of its toughest times with 2nd wave of covid creating havoc in everyone’s life. The spread is not only limited to urban markets but has also taken rural India in its grasp. The sales declined in April’21 as Indian states started going under lockdown (partial as well as full) beginning April 5th onwards. The spread started with Maharashtra followed by Chhattisgarh, Delhi, Rajasthan, and the other Indian States following the suit.
OEM wise Two Wheeler Retails / Registrations for April 2021 –
All OEMs reported registrations decline in April 2021. While the two-wheeler market was among the first segments to grow in a post-COVID revival last year, the decline in sales this year is even more worrisome as the rural markets have been impacted as well.
Hero Motocorp was the Market Leader with a 34.63% Market Share in Apr’21. It gained a 1.5% Market Share and also reported one of the highest MoM gains.
Honda Motorcycle & Scooter India’s April 2021 registrations dropped -30.4% over March 2021. It lost the highest Market Share in Apr'21. HMSI had mentioned that the company had proactively controlled its dispatches to avoid inventory build-up across its network Pan-India and would have to extend impacted retails too.
TVS ranked third in the list and its registrations fell by -28%, MoM.
Bajaj Auto recorded registrations of 98,041 units in April 2021 and the volumes dropped by -28.6% from 1,37,352 units in March 2021.
Jawa (Classic Legends) sold 2,036 units and its sales fell -18.7% MoM! Going by absolute volumes; Jawa has a long way to go to give real competition to Royal Enfield. RE sales were over 20 times that of Jawa in March 2021! We now also have Honda making waves in the segment with H'ness 350.
Another trend to note is the EV sales – The EV Two Wheelers declined the highest by -51.8% in Apr’21 v/s Mar’21. It is strange to see the sudden decline in Electric 2W sales in Apr'21.
Note: The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. Vehicle Registration Data has been collated as of 08.05.21 in collaboration with the Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,289 out of 1,493 RTOs.