India’s largest two-wheeler manufacturer Hero Motocorp has sold over 65.80 lakh units registering a growth of 4.5%. The company sold about 62.96 lakh units in Jan-Dec 2015 period. Following up with Hero is its former business partner Honda Motorcycles and Scooter India (HMSI), which registered a growth of 9.6% by selling over 47.27 lakh units as against 43.14 lakh units in CY 2015.
Bajaj continues to dominate the 3rd spot. The Pune based two-wheeler manufacturer’s aggressive strategy to get in more reasonable sports bikes with its Pulsar brand and cruiser motorcycles with the Avenger brand has helped the company to grow over 13.8% by selling over 20.56 lakh unit motorcycles in 2016.
Hosur based TVS Motor Company also grew by 12% by selling
over 18.09 lakh two-wheeler in the domestic market in CY 2016 as compared to
16.15 lakh two-wheeles in the same period of 2015. TVS reintroduced its Victor
110 motorcycle and also launched Apache RTR200 4V in the Indian market in 2016.
Yamaha and Royal Enfield also posted a growth of 32.3% and 40% respectively. Mahindra did make some noise in 2016 by acquiring JAWA and BSA but its 2-wheeler business degree by 54.2%. The company sold 69,106 units in 2016 as against 1.51 lakh units in CY 2015.
