February two-wheeler sales drop further on rising fuel prices and chip shortage

Two-wheeler sales continued to be in the red. Almost all major OEMs posted a degrowth in February with major issues like the rising fuel prices, insurance costs, shortage of chips were cited keeping sentiment muted.

It remains to be seen how fuel prices will move in the weeks and months ahead given the outbreak of war in the Ukraine.

Hero MotoCorp: 331,462 units/ - 32%
Hero MotoCorp sold 358,254 units including exports in February 2022, down 32 percent compared to February 2021. This tally comprised 338,454 units of motorcycles and 19,800 scooters. The company sold 505,467 units last February lcomprising ...