The 2 Wheeler Market in India is boosting since last 2021. After the Crisis of Covid Pandemic, The 2 Wheeler Shares in terms of retail market has been increased tremendously. Two Wheeler retail sales increased 20.33 percent Year over Year with Hero MotoCorp and Honda in the lead by a significant margin.
Recently FADA Federation of Automobile Dealers Associations had released Vehicle Retail Data for June 2022. The data shows immense growth in retail sales of two wheelers in the country while comparing with last years retail performance, with every segment posting in increasing demand.
Two wheeler retail sales figures were 11,19,096 numbers, which showed growth of 20.23 percent from 9,30,825 numbers sold in June 2021 Last Year. There was also a 40.62 percent of increase over sales parameters of 7,95,834 numbers sold in June 2020 while the demand dropped 16.37 percent when compared to 13,38,154 numbers of retail unit sales in June 2019.
Even after tremendous growth in two wheeler market, with the exception of Hero MotoCorp and Bajaj Auto's Year over Year sales, Two Wheeler Electric Vehicle makers have seen immense growth in their whole sales and retail sales parameters.
2 Wheeler Retail Sales June 2022
In the month of June 2022, sales of Hero MotoCorp had been recorded as 3,83,165 numbers which was down from 4,15,395 numbers sold in June 2021(Last Year). The market share had been dropped from 44.63 percent to 34.24 percent on an Year over Year basis. Glamour, Splendor, Passion and HF Deluxe motorcycles were the main products which added more sales in June 2021(Last Year). In the month of June 2022 Hero MotoCorp had introduced the new vehicle Passion XTec which is present in 2 variants of Drum brake which is priced at Rs. 74590/- and Disc variant which is priced at Rs. 78,900/-(Ex-showroom Price, Delhi).
Honda Motorcycle and Scooter India (HMSI) stood at 2nd place with sales of 2,85,691 numbers in the month of June 2022, which was more when compared with 1,96,785 numbers of sales in June 2021(Last Year). The company had noted an increase in the market share of upto 25.53 percent from 21.14 percent Year over Year performance.
TVS Motor retail sales are increased to 1,66, 412 numbers in the June 2022 month, which is up from 1,19,999 number of sales recorded in June 2020(Last Year). The market share had increased from 12.89 percent to 14.87 percent Year over Year performance. TVS is planning to release its another new bike which is a surprise for the market.
Bajaj Auto Sales had been dropped to 1,00,094 numbers in June 2022 from 1,07,055 numbers sold in June 2021. The market share had been dropped from 11.50 percent to 8.94 percent Year over Year comparison. In order to produce Electric vehicles, Bajaj had recently inaugurated Chetak Technology's new manufacturing facility at Akurdi from where they will be producing their Electric vehicles.
Electric two wheeler makers in the country, sales of Okinawa Autotech had increased from 959 numbers to 6,980 numbers in the last month. The market share had increase from 0.10 percent ot 0.62 percent. Okinawa has also announced a mega factory in the state of Rajasthan and planned investment of 1200-1500 crores in electric 2 wheelers for over the next 2 years.
Ampere Vehicles sales were up from 268 units in June 2021 to 6540 numbers in June 2022. This is an immense growth in Ampere Vehicles Sales parameters. Ampere had recently delivered their 50000th EV from the Ranipet Facility in Tamil Nadu.