Top four 2W OEMs' sales down 36% YoY in November, 33% month on month
Hero MotoCorp, HMSI, TVS and Bajaj Auto, which together command 88% of India’s two-wheeler market, are all hit by poor domestic market demand. And cumulative export sales are flat too.
04 Dec 2021
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On December 1, four hours after it released its wholesales numbers for November 2021, Bajaj Auto, which is currently India’s No. 4 two-wheeler manufacturer (in terms of domestic market share) announced that it had become the No. 1 motorcycle manufacturer in November when domestic and export numbers (338,000 units) were combined. India No. 1 OEM Hero MotoCorp’s motorcycle wholesale for November were 329,185 units.
While this is statistically true, what the sales numbers released by five leading two-wheeler OEMs including the Top 4 reveal is that their cumulative sales last month are down sizeably – at 950,755 units, ...
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