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Two-wheeler sales see a strong jump in October on festive demand

Barring Eicher Motors-controlled Royal Enfield, India’s top five two-wheeler makers – Hero MotoCorp, Honda, Bajaj Auto, TVS Motor, Suzuki and Yamaha – reported an increase in domestic sales in October

November 03, 2020 / 12:59 PM IST

Motorcycle and scooter makers recorded their biggest monthly growth this year in October, with dealers putting repeat orders to cater to the rising retail demand.

Barring Eicher Motors-controlled Royal Enfield, India’s top six two-wheeler makers – Hero MotoCorp, Honda, Bajaj Auto, TVS Motor, Suzuki and Yamaha – reported an increase in domestic sales in October.

The seven companies, which control nearly 100 percent of the domestic market, reported 17 percent increase in sales during October to 2.04 million units, compared to 1.74 million units sold in the same month last year.

These are wholesale vehicle dispatches from companies to dealers and not actual retail sales to customers. Retail sales data will be disclosed by the dealer’s lobby body in the next few days.