Two-wheeler, vehicle registration data shows a 19.89 percent year-over-year outgrowth and a 9.94 percent decline as of December 2019
Even if two-wheelers are a popular means of transport in a country like India, the number of registrations has decreased over the past two years. This may be due to the regular price increases of two-wheelers in combination with the ever increasing fuel prices. However, there is a renewed interest in electric two-wheelers and the list associated with it bears witness to the same as each electric vehicle manufacturer has recorded significant growth in retail sales.
The start of the Omicron variant last month had a major impact on sales. Homework and education have resumed and buyers look to the coming months with impending gloom, turning them away from the company’s showrooms. Total two-wheeler sales were 11,48,732 units last month, down 19.89 percent from 14,33,334 units sold in December 2020 and down 19.94 percent from 12,75,501 sold in December. were sold in December 2019.
Two Wheeler Retail Sales December 2021 – Hero, Honda and TVS in top 3
Hero MotoCorp topped the sales charts with 3,96,278 units sold last month and has a 34.50 percent market share. This was significantly lower compared to the 5,61,873 units sold in December 2020, when the market share was 30.20 percent. Given the high demand for electric two-wheelers, Hero MotoCorp is gearing up to unveil its first electric vehicle (EV) in March this year. It will be produced at the company’s production facility in Chittoor in Andhra Pradesh.
Honda two-wheeler sales also fell significantly year on year to 2.84,837 units from 3.52,394 units sold in December 2020. However, market share rose from 24.59 percent in December 2020 to 24.80 percent in the last month. The new Honda CB300R is ready for launch. It was showcased at the 2021 India Bike Week festival and will go on sale in India later this month.
Third place was TVS Motor Company with retail sales of 1,73,993 units last month. This was against 2,05,568 units sold in December 2020. However, despite lower sales, the market share increased from 14.34 percent to 15.15 percent year-on-year. The company has found excellent demand for the new TVS Apache RTR 165 RP, with the initial lot of 200 units completely sold out in India.
Bajaj Auto, Suzuki, Royal Enfield
Bajaj Auto, Suzuki and Royal Enfield also recorded a slowdown in year-on-year growth in terms of retail sales. Bajaj Auto sales fell to 1,43,538 units, down from 1,61,713 units sold in December 2020. However, market share rose from 11.28 percent to 12.50 percent year-on-year. Suzuki retail sales, on the other hand, saw a marginal decline to 42,609 units from 45,332 units sold in December 2020.
Royal Enfield sales fell to 40,102 units in December 2021, from 51,489 units sold in December 2020. Royal Enfield is expected to launch a slew of new motorcycles this year. It is expected to start with the Scram 411 in February 2022. Other planned launches include Hunter 350, Cruiser 650 and Shotgun 650. Yamaha Motors also recorded a slowdown in retail growth to 37,621 units, from 43,080 units sold in December 2020.
Electric Two Wheeler Makers, Okinawa, Hero Electric, Ampere, Ather and PUR Electric have all seen strong increases in retail sales. Notably, Okinawa posted sales of 6,098 units, compared to 613 units sold in December 2020. Okinawa offers high-speed electric scooters (Ridge+, Praise Pro and iPraise+) and low-speed electric scooters (Okinawa R30, Lite and Dual) and is now planning additional investment amounting to Rs 200-250 crores in a new factory in Bhiwadi, Rajasthan with a target of 100 per cent localization by the end of this fiscal year.
Hero Electric also saw sales past the 6,000 unit mark at 6,058 units, up from 1,545 units sold in December 2020, while Ampere sales stood at 3,343 units, compared to 872 units sold in December 2020. . The Hero AE-47 electric motorcycle may be launched sometime later this year. years and is expected to be priced between Rs 1.3-1.5 lakh.
Ather Energy, another very successful electric two-wheeler manufacturer, despite only selling two models on offer in India – Ather 450X and 450 Plus. There were other electric vehicle manufacturers in this segment that sold 5,004 units in December 2021, up from 1,534 units sold in December 2020, with market share increasing from 0.11 percent to 0.44 percent, respectively.