Indian two-wheeler OEMs record strong H1 exports, Bajaj and TVS on a roll
Total shipments of 2.2 million units between April and September 2021 constitute doubling of demand; all players benefit from improving conditions in global markets.
Even though demand is yet pick up in a smart way for the two-wheeler industry in the domestic market, the sector is firing on all cylinders on the export front. In the first half of FY2022, total shipments from India have doubled to 22,45,221 units, up 101% year on year.
In terms of sub-segments, a total of 185,461 scooters were exported in H1 FY2022, which constitutes 179% YoY growth. On the motorcycle front, export demand chalked up sales of 20,52,898 units, up 96% YoY. And, 6,862 mopeds were sent overseas, up 176% YoY. Leading the export charge are the ...
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