India, being the largest two-wheeler market in the world sees hundreds of new vehicles rolling out on the roads every day. The ban by the Supreme Court on the sale of BS-III two-wheelers and the implementation of GST brought down sentiments to buy new vehicles.
Now, on its path to recovery, the two-wheeler sector has witnessed a steady growth during the first half of the current FY 2018-19. During this period, the Indian automotive industry sold a total of 14,155,758 units of vehicles in India against 12,756,611 units when compared to the same period last year, hence accounting for a growth of 10.97 percent.
India's largest two-wheeler manufacturer continues to be on the top as it sold a total of 4135200 units of two-wheelers during April September 2018. With this, the company reported a growth of 9.18 percent when compared to the same period last year. This growth and impressive sales numbers were driven primarily by motorcycles sales and the Hero Splendor and HF Deluxe have been the key contributors.
Honda Motorcycle and Scooter India
Honda stood at the number two spot when it comes to two-wheeler sales from the period April to September 2018. During the period, the sales numbers of the company accounted for 32,96,661 units. Trailing behind by Hero MotoCorp by close to 8 lakh units, the company has shown a growth of 4.77 percent growth compared to the same period last year. The robust sales of the company's automatic scooters with Activa setting the sales charts on fire is the key reason behind these numbers.
TVS Motor Company
With a wide variety of product range coupled with the recent launches helped TVS Motor Company achieve a growth of 10.04 percent. During the period April to September 2018, the company sold a total of 16,19,439 units of two-wheelers taking the number three spot. These numbers and the double-digit growth happened primarily due to the company's Jupiter automatic scooter followed by the commuter motorcycles. The Moped category also made a key contribution as the TVS XL range found over 4 lakh new homes during these six months.
Bajaj Auto took the number four spot in April to September 2018 two-wheeler sales. During the period, the company sold 1287133 units of two-wheelers showing an impressive growth of 27.37 percent compared to the same period last year. The growing interest in the Bajaj Avenger brand along with the strong response for the Pulsar and entry-level commuters like CT100 and Platina have been the reasons behind this growth.
India Yamaha Pvt Ltd
The first half of the current fiscal didn't bring much good news for India Yamaha Motor Pvt Ltd in terms of growth as the brand managed to see just 0.05 percent growth during the period. The company sold a total of 425387 units of two-wheelers during the period. The consistent sales numbers are a result of the decline in the company's motorcycle sales that was compensated by the positive sales of automatic scooters.