Around 11,27,917 two wheelers were dispatched in December 2020 from OEMs to their respective dealerships. The Industry recorded a growth of 7.4% in Dec’20 v/s Dec’19.
OEMwise Sales Snapshot –
The Two Wheeler Sales had a single digit growth of 7.4% in Dec 2020 v/s Dec 2019. The overall two wheeler sales managed to cross 11 Lakh units in Dec 2020.
Hero Moto Corp was the No.1 Two Wheeler manufacturer in Dec’20 and the OEM sales grew by just 3.2% YoY. Its Market Share fell the highest in the Industry – from 39.24 in Dec’19 to 37.68% in Dec’20.
Honda registered the Market Share fall of -0.46% even though the sales grew by 5.1% YoY.
Royal Enfield recorded one of the highest YoY growth at 35.1% and its Market Share jumped by 1.19% to 5.81%.
Bajaj Auto volumes increased by 3.6% YoY and its market share fell by -0.42%.
Market Share Graph –