TVS increases scooter market share to 24%, Okinawa grabs 2.5%
Honda remains undisputed market leader with 48% but TVS Motor Co makes maximum gains. EV maker Okinawa doubles its share while Suzuki, Hero MotoCorp, Yamaha and Piaggio see declines
22 Aug 2022
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As two-wheeler OEMs gear up for the festive season in India, which begins later this month, the marked uptick in their wholesale numbers for both scooters and motorcycles also reflects a mood of cautious optimism.
In the April-July 2022 period, a total of 5,105,836 two-wheelers were despatched, up 39% YoY. This comprised 16,87,062 scooters (up 73%), 3,275,256 motorcycles (up 27%) and 143,518 mopeds (up 21%). Of the nine OEMs in the fray, three – Suzuki, Hero MotorCorp and India Yamaha Motor – have ceded market share while six have increased their hold.
As per the wholesales numbers released ...
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