Four mainstream two-wheeler manufacturers – Hero, TVS, Bajaj, and Suzuki have posted positive sales figures in August 2019
As you all know, the Indian two-wheeler sales have been dwindling since the starting of this year. In August 2019, the sales when compared to August 2018 is down by staggering -23%. This clearly show us that the country’s economic condition is not well and the slowdown has hit the market hard. Even the government is trying its best to revive the Indian economy but that is going to take some time.
But we saw a ray of hope the month of August as four mainstream two-wheeler manufacturer has registered positive sales figures. These numbers are positive when compared to July 2019 sales which were quite low in its own regard. Hero MotoCorp, TVS Motors, Bajaj Auto, and Suzuki has posted positive numbers on a month-on-month basis.
August 2019 sales figures of Herp, TVS, Bajaj, and Suzuki
|Aug ’19||July ’19||Growth|
Hero MotoCorp sold a total of 5,43,046 units which is -20.73% less than August 2018 sales. But if you see current scenario, the sales number rose by about 1.35%. This actually shows us that market sentiment is changing and in the near future, sales will rise again.
TVS posted the highest growth of 5.29% MoM while it fell -20.37% YoY. The Chennai based company sold 2,19,528 two-wheelers in August 2019. Bajaj Auto, on the other hand, saw a small rise of 1.20% MoM and -20.79% fall YoY. The Pulsar maker managed to push 1,73,024 units out fo the showrooms. At last, we have Suzuki, which stood at the boundary with 0.19% rise in sales. The Japanese company did this by selling 116 units more than what it did in the month of July 2019.
At one place where YoY shows the economic slowdown in the country, the MoM figures tell us the real story in the present scenario. Lack of two-wheeler loans from the NBFCs has killed the two-wheeler market. Another reason behind the slowdown is the uncertainty of the jobs as well as BS4 to BS6 migration. We can see stable two-wheeler market post BS6 implementation after April 2020.
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