Two Wheeler Sales Snapshot – June 2021
Two Wheeler dispatches in June 2021 increased by 4 percent when compared to June 2020. June 2021 saw many states lifting lockdown restrictions and easing curbs on operations. Almost all showrooms have opened and the sale of two-wheelers was back to normalcy. Due to the lockdown scenario in Apr’21 & May’21, the sales improved in June’21 due to the pent-up demand.
Though the timely arrival of monsoons is a positive sign, the reduced economic activity in rural India may affect sustained demand for two-wheelers.
Hero MotoCorp sold 4,38,445 units in June 2021 and recorded a marginal 1.8 percent YoY growth. It also posted 175 percent growth over May 2021. Do note that in May 2021, the company had decided to shut down its manufacturing facilities across India (six manufacturing units located at Dharuhera and Gurugram in Haryana, Chittoor in Andhra Pradesh, Haridwar in Uttarakhand, Neemrana in Rajasthan, and Halol in Gujarat), its Global Parts Center (GPC) in Neemrana and the R&D facility in Jaipur for almost 15 days.
Honda Motorcycle & Scooter India’s June 2021 sales was 2,12,453 units compared to the June 2020 sales of 2,02,837 units and registered 4.7 percent YoY growth.
Bajaj Auto recorded dispatches of 1,55,640 units in June 2021 and the volumes increased by 6.1 percent from 1,46,695 units in June 2020. The OEM is also aggressively seeking volumes from the Export markets and its exports shot up 43 percent YoY!
TVS Motor Company registered sales of 1,45,413 units in June 2021 and recorded a flat growth from 1,44,817 units in June 2020. It also fell behind Bajaj and moved to the fourth spot in the ranking table.
Suzuki Motorcycle India reported the highest YoY growth among mass-market Two Wheeler OEMs and the volumes almost doubled in June 2021 vs June 2020. Suzuki's Market Share too shot up to 3.83 percent in June 2021 from 2.02 percent in June 2020.
Royal Enfield sold around 35,815 units in June 2021, down 1.9 percent from June 2020 volumes of 36,510 units.
Yamaha India recorded dispatches of 24,588 units in June 2021 and the volumes dipped over 16 percent from 29,539 units in June 2020.
Market Share Graph –