Two Wheeler Exports Statistics – April to July 2020

Two Wheeler Exports fell by -56.5% in FY21 v/s FY20. Only 5.19L Two Wheelers were exported in Apr-July 2020 vis-a-vis 11.92L units exported in similar period last year.

  • Bajaj maintained its dominance in exports and commanded a market share of 57.8%. While the domestic sales was ailing; Bajaj’s focus on exports is helping manage its financials and capacity utilization even in tough times. Bajaj exports its bikes to over 70 countries and its primary export markets are Africa, Latin America and Middle Eastern countries.
  • TVS too followed Bajaj’s footsteps and has a significant volume coming in from exports. It enjoys a Market Share of 23.8% in Two Wheeler exports and is currently exporting vehicles to over 60 countries in the world!
  • India’s No.1 Two Wheeler manufacturer (Hero Motocorp) ranks third in export volumes. In the first four months of FY21; Hero could export only 32,490 two wheelers and registered a YoY drop of -47.4%.




Top 25 Exported Passenger Vehicles in India (Apr-July’20) – 

  • Bajaj Boxer is the largest exported two wheeler in FY21 as well. 1 out of 3 two wheelers exported from India was a Boxer! Bajaj’s Boxer has a huge demand in African & Latin American countries. Bajaj is also the market leader in many of the African two-wheeler markets and commands a price premium too over the competition!
  • Competing with the Boxer in many markets is the ‘Made-in-India’ TVS Star City. The model saw a combined export volume of 93,529 units.
  • Bajaj is leveraging on its exports capability for brand KTM as well. Duke 390 was the 8th most exported two wheeler from India in FY21. Over 12.9k units were shipped between April to July 2020.
  • While Splendor was Hero’s best bike in terms of exports; Navi led the exports from Honda’s stable.

India’s Two-Wheeler Exports Grew 7.3% in FY2019-20

The total two-wheeler exports including motorcycles, scooters and mopeds, reached 35,20,376 units in FY2019-20, as against the 32,80,841 units exported FY2018-19.

Amidst slowdown in domestic sales, India’s two-wheeler exports have recently witnessed over 7 percent growth in  financial year 2019-20 (link). Do note that, in the domestic market, the total two-wheeler sales went down by 17.7 per cent in FY2020 at 1,74,17,616 units, from 2,11,79,847 units sold during the same period last year. Recovery in markets such as Africa and Latin America has helped two-wheeler manufacturers pump up their exports from India.

Bajaj Boxer was the most exported motorcycle from India and over 1 million Boxers were exported in FY2020!

Top 25 Two Wheelers contributed to over 88% of two wheelers exported from India! Majority of the Two Wheeler exports from India is Motorcycles – 21 out of Top 25 exported Two Wheelers are Motorcycles.

  • Bajaj Auto topped the two wheelers exporter list and it exported 18,69,220 motorcycles in FY2020. Bajaj commands a market share of over 53% in terms of Two Wheeler Exports. Bajaj exports its bikes to over 70 countries and last year dispatched around 40 per cent of its total production to Africa, Latin America and Middle East markets.
  • Bajaj Boxer was the largest exported two wheeler in FY20. 1 out of 3 two wheelers exported from India was a Boxer! Bajaj’s Boxer has a huge demand in African & Latin American countries. Bajaj is also the market leader in many of the African two-wheeler markets and commands a price premium too over the competition!
  • TVS Motor Company is the second largest two-wheeler export manufacturer from India and one among the top ten in the world exporting to more than 60 countries. It exports to Asia Pacific countries (Afghanistan, Bahrain, Bangladesh, Cambodia, Indonesia, Iran, Iraq, Kuwait, Myanmar, Nepal, Philippines, India, Sri Lanka, UAE, Yemen); Europe (Turkey); Africa (Benin, Burkina-Faso, Burundi, Comoros, Central African Republic, Congo, Djibouti, Ethiopia, Gambia, Guinea Bissau, Ghana, Mozambique, Guinea, Ivory-Coast, Kenya, Liberia, Malawi, Mali,Mauritius, Niger, Nigeria, Seychelles, Senegal, Sierra-Leone, Tanzania, Togo, Uganda,Zambia) and Latin America (Colombia, Costa-Rica, Dominican-Republic, Ecuador, Honduras, Mexico, Nicaragua, Peru). Source
  • TVS Star City was second most exported motorcycle in FY2020. TVS exported over 4.1 Lakh units of Star City and grew a healthy 26% YoY.
  • Honda Dio was the only scooter in the Top 10 exported two wheelers. Honda exported over 1.19 Lakh units of Dio; but faced a YoY degrowth of -29%.
  • FZ was the highest exported Yamaha for FY2019-20. Yamaha exported over 1 Lakh FZ’s in FY2020.
  • Since the launch of Continental twins, Royal Enfield has become more of a focused exporter. The company believes that there are many markets with decent demand for a mid-sized motorcycle and have started aggressively venturing into them. The Chennai based motorcycle manufacturer exported 19,597 units in FY2020. Royal Enfield exports to over 50 countries with top markets being Colombia, Indonesia and Thailand.