Two-wheeler market posted a decrease in sales after the festive season
The two-wheeler market saw a bump in sales in the month of October all thanks to the festive season of the year. But in November, the sales went back to where it was, below average. The total number of two-wheelers sold in November 2019 is 13,91,185 units which is about -13.25% less than what November 2018 achieved with 16,03,726 units. Speaking about the Month on Month change, the fall is clocked at -18.93% with 17,15,983 delivered in the same month.
Hero MotoCorp registered 5,05,994 units in November 2019 down from 6,01,045 units in the same month last year and from 5,99,248 units a month before. The decline was -15.56% MoM and about -15.81% year on year. Hero is followed by Honda but not close enough by any means. Honda registered total sales of 3,96,366 units in November this year which is down by -18.74% when compared to October 2019 sales. The year-on-year decrease in sales is pegged at -5.26%. Last year Honda posted 4,18,367 units which cannot be considered a great performance either.
Two-wheeler sales figure for November 2019
|Sr. No.||Company||Nov-19||Nov-18||YoY Change||Oct-19||MoM Change|
TVS, like always is going strong in the third position with 1,91,222 units sales whereas Bajaj registered 1,76,337 units sales in November 2019. Both the companies saw a fall in the range of -24.32% to -27.29% on a monthly basis. The year-on-year decline for TVS is -26.52% and for Bajaj, it is -14.09%.
Suzuki is the only two-wheeler manufacturer in the list to post positive number on the yearly basis with 60,855 units sold up from the last year’s number of 53,058 units. Finally, there is Royal Enfield at the sixth position with 60,411 units sold in November which is down from 65,744 units registered in 2018 in the same month. The monthly decline stood at -10.55% for the Bullet maker.
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