Exports help Bajaj, TVS steer clear of May havoc  

Two-wheeler numbers in May 2021 crashed quite predictably keeping the reality of lockdowns across the country which affected every vehicle segment.

Yet, it was a grim reminder of how the second Covid wave is wreaking havoc in rural and semi-urban markets which account for a large percentage of two-wheeler sales.

Most manufacturers stopped operations in tandem with the lockdowns announced by many states. The likes of Bajaj Auto and TVS Motor which have significant export commitments did better than the rest owing to higher overseas shipments (see data table below). 

Market leader, Hero MotoCorp resumed operations in the ...