Two Wheeler Sales May 2022 – Hero, Honda, Bajaj, TVS, Suzuki, RE

0 Comments

Every leading two wheeler maker in India posted a YoY growth in sales in May 2022. Domestic sales of top 6 two wheeler manufacturers saw a total of 11,88,937 units sold in May 2022, up 246.29 percent over 3,43,336 units sold in May 2021. It was also a 8.17 percent MoM growth from 10,99,167 units sold in April 2022.

However, it may be recalled that the month of May 2021 was a difficult period for the entire auto industry in India on account of the pandemic situation in the country. May 2021 was the month with highest average cases and deaths in India which continued to see closure of schools, colleges and offices while production operations were also badly hampered. Two Wheeler Sales May 2022 – Domestic Hero

MotoCorp led the list with a 39.23 percent market share and sales of 4,66,466 units in May 2022. This was against 1,59,561 units sold in May 2021 leading to a 3,06,905 unit volume growth. MoM sales also improved by 17.06 percent from 3,98,490 units sold in April 2022. Market share in the previous month had stood at 36.25 percent. Honda two wheeler sales increased 727.71 percent YoY to 3,20,844 units, up from 38,763 units sold in May 2021. The company commanded a 26.99 percent market share which was down from 29 percent held in April 2022 when sales increased only marginally by 0.66 percent MoM from 3,18,732 units sold in the same month. Two Wheeler Sales May 2022 – Domestic At No.3 was TVS Motor with YoY sales increase of 267.64 percent to 1,91,482 units, up from 52,084 units sold in May 2021 leading to a 1,39,398 unit volume growth. MoM sales improved by 6.06 percent over 1,80,533 units sold in April 2022. Best-selling models in the company lineup included the Jupiter, Apache, Raider, Sport, Star City, Ntorq, Pep+ and XL100, while the iQube e-scooter also posted good sales numbers. Bajaj Auto (96,102 units) and Suzuki (60,518 units) posted 59.26 percent and 383.64 percent YoY growth in two wheeler sales in May 2022.

The two auto majors also saw a MoM growth in sales by 3.08 percent and 11.40 percent respectively over 93,233 units and 54,327 units sold in April 2022. Royal Enfield domestic sales improved 166.65 percent YoY to 53,523 units, up from 20,073 units sold in May 2021 while MoM sales dipped marginally by 0.61 percent over 53,852 units sold in April 2022.

Two Wheeler Exports May 2022 Even as every leading two wheeler maker posted tremendous growth in domestic sales, exports ended in the red both where YoY and MoM sales were concerned. Total exports of the top 6 two wheeler makers dipped 4.88 percent to 3,22,681 units, down from 3,39,241 units shipped in May 2022. MoM exports fell 14.26 percent over 3,76,357 units sold in April 2022.

Tags:

Leave a Reply

Your email address will not be published.