Around 14,26,865 two-wheelers were dispatched in February 2021 from OEMs to their respective dealerships. The Industry recorded double-digit growth of 10.2% in Feb’21 v/s Feb’20.
OEMwise Sales Snapshot –
The Two-Wheeler Sales had a YoY growth of 10.2% in Feb 2021 v/s Feb 2020. The overall two-wheeler sales managed to cross 14 Lakh units in Feb 2021.
Hero Moto Corp was the No.1 Two Wheeler manufacturer in Feb’21 and the OEM recorded a flat growth of 0.9% YoY. Its Market Share fell the highest in the Industry – from 37.09% in Feb’20 to 33.95% in Feb’21.
Honda registered the Market Share increase of 4.5% and its sales grew by a stellar 30.6% YoY. Do note that the volume gap between Honda & Hero is slowly diminishing.
TVS recorded YoY growth at 15% and its Market Share jumped by 0.57% to 13.68%.
Bajaj Auto volumes saw a flat growth and its market share fell by -0.91%.
Yamaha saw a dip in volumes and Market Share both in Feb'21.
Market Share Graph –