Two Wheeler dispatches in April 2021 fell by over 33 percent when compared to March 2021. The second wave of COVID-19 across India has been detrimental for the two-wheeler industry. While the two-wheeler market was among the first segments to grow in a post-COVID revival last year, the decline in sales this year is even more worrisome as the rural markets have been impacted as well.
April 2021 sales cannot be compared on a year-on-year basis as there were no sales in April 2020, hence we have compared the statistics with March 2021.
OEM wise Sales Snapshot –
The world’s largest two-wheeler manufacturer, Hero MotoCorp volumes declined by 37 percent in April 2021 vs last month and recorded sales of 3,42,614 units. The volumes will take a much bigger hit in May 2021 as the company has decided to extend the shutdown at its manufacturing facilities across India (six manufacturing units located at Dharuhera and Gurugram in Haryana, Chittoor in Andhra Pradesh, Haridwar in Uttarakhand, Neemrana in Rajasthan and Halol in Gujarat), its Global Parts Center (GPC) in Neemrana and the R&D facility in Jaipur by another six days until May 16th.
Honda Motorcycle & Scooter India’s April 2021 sales fell to 2,40,122 units compared to the March 2021 sales of 3,95,037 units. Similar to Hero Motocorp, HMSI’s production at four plants – Manesar (Haryana), Tapukara (Rajasthan), Narsapura (Karnataka) and Vithalapur (Gujarat) – will remain suspended until May 15, and the company will use this period for annual maintenance work.
TVS Motor Company registered sales of 1,31,386 units in April 2021, and was down 35 percent from 2,02,155 units in March 2021.
Bajaj Auto recorded dispatches of 1,26,570 units in April 2021 and the volumes dropped by 30 percent from 1,81,393 units in March 2021. The OEM shall aggressively seek volumes from the Export markets until the domestic demand improves. However; the production capacity shall surely be impacted due to the lockdown.
Suzuki Motorcycle India was the only mass market Two Wheeler OEM to record a Month-on-Month growth and 63,879 units were sold in the domestic market for April 2021, up 6 percent from the 60,222 units sold in March 2021.
Royal Enfield sold around 48,789 units in April 2021, down 19 percent from March volumes of 60,173 units.
Yamaha India recorded dispatches of 37,318 units in April 2021 and the volumes dipped over 19 percent from 46,241 units in March 2021.
Market Share Graph –
