It is the beginning of the financial year 2021-22 and we have received reports from the two-wheeler manufacturers regarding the sales figure in the previous month as well as the closing of the financial year; Read the details below
This time last year we were in the first phase of the pandemic and the nation-wide lockdown had us curb our savings and disposable income. Not to mention the confusion with the buyers revolving the transition from BS4 to BS6 norms. That said, the manufacturers had the first half of March 2020 at hand to build their sales number and the country was then put in a lockdown. In this span from April 1, 2020, manufacturers have adopted the new emission norms and have constantly updated their product line to attract potential buyers. Following are the sales figures of two-wheelers manufacturers that should give us an idea if things have worked for or against the industry.
Bajaj India has reported a domestic sales figure of 1,81,393 units in the month of March 2021. This happens to be an increase of 81 per cent with respect to the sales figure of March 2020. Interestingly, the company has also reported a growth of 18 per cent with respect to M-o-M (Month-on-Month) sales, as Bajaj managed to sell 1,48,934 units in February 2021. Bajaj India has also exported 1,48,740 units last month making a total of 3,30,133 units sold cumulatively.
Suzuki Two-Wheelers India has dispatched 69,942 units from its factory in the month of March 2021 - 60,222 units sold domestically, while 9,720 units were exported. If compared to M-o-M sales figures, Suzuki Two-wheelers India sold 71,662 units in February 2021. Considering the M-o-M sales, this month's sales has gone through a downfall of 2.5 per cent. The exports have taken a dip of 20 per cent as well, as the company could only record an export figure of 9,720 units compared to 12,132 units in February 2021. Suzuki Also reports that the company has sold over 589,997 units of two-wheelers in the last financial year.
Honda Two wheelers have closed the financial year 2020-21 with a cumulative sales number of 38,65,872 units in the domestic market and 2,07,310 units in exports. In the month of March, 2021, Honda two-wheelers reported a sales figure of 3,95,037 units, however, Honda managed to sell 4,11,578 units in the month of February 2021 - down by 5 per cent. The exports stand at 16,000 units for the past month (March 2021). In all, Honda two-wheelers India has managed to sell 411,037 units in the past month.
Okinawa Electric scooters
Okinawa Electric scooters managed to sell 4,236 units in March 2021 as opposed to 2,895 units in March 2020. In the final quarter of the financial year of 2020-21, Okinawa sold 15,081 units.
Royal Enfield has reported a down fall of 13 per cent in the cumulative domestic sales figure of financial year 2020-21 with regard to financial year 2019-20. However, the Y-o-Y sales figures are higher by 54 per cent domestically. With a sales figure of 60,173 units in March 2021 compared to 32,630 units in March 2020. That said, the sales in the past month are down by 4,941 units compared to the sales of February 2021. Royal Enfield has also shipped out 5,885 units in export in March 2021.
Hero Motocorp sold 576,957 units domestically in March 2021, as opposed to 334,647 units in March 2020. Domestically, Hero Motocorp sold 5,44,340 units in March 2021 which is higher than 4,84,433 units sold in the month of February 2021. Exports in March 2021 have been set at 32,617 units in March 2021, higher than the month of February 2021 which stood at 21,034 units. Hero Motocorphase sold 57,91,539 units in financial year 2021 which comprises 55,99,930 units of domestic sales and 1,91,609 exports.
TVS has clocked 8,87,000 units of sale in the financial year 2020-21. In March 2021, TVS motors sold 3,07,437 units of two-wheelers in March 2021 as opposed to Y-o-Y sales of 1,33,988 units in March 2020. That said the company managed to sell 1,95,145 units domestically in the month of February 2021. In the month of February 2021, TVS motors exported 89,436 units. The number grew up to 119,422 units in March 2021.