Around 20,53,814 two wheelers were dispatched in October 2020 from OEMs to their respective dealerships. The Industry recorded a growth of 16.9% in Oct’20 v/s Oct’19 in lieu of the festive season.
Two Wheeler OEM Performance for October 2020 –RankOEMOct’201Hero MotoCorp7,91,1372Honda4,94,4593TVS3,01,3804Bajaj Auto2,68,6315Suzuki67,2256Royal Enfield62,8587Yamaha60,1768Piaggio7,6299Kawasaki13810Triumph9211Mahindra 2W7712Harley Davidson12Total Two wheelers20,53,814
OEMwise Sales Snapshot –
The Two Wheeler Sales had a double digit growth of 16.9% in Oct 2020 v/s Oct 2019. The overall two wheeler sales managed to cross 20 Lakh units in Oct 2020.
Hero Moto Corp was the No.1 Two Wheeler manufacturer in Oct’20 and the OEM sales grew by a stellar 34.8% YoY. Its Market Share increased too by 5.12% to 38.5%.
Honda registered the Market Share fall of -3.68% even though the sales grew by 1.4%.
Bajaj Auto volumes shot up by 10.8% YoY and its market share fell by -0.72%.
Suzuki Motorcycles volumes was almost flat and market share dropped to -0.49% as well!
Market Share Graph –