Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervor. Industry giants like TVS Motor Company, Hero MotoCorp, and Royal Enfield recorded an increase in domestic sales, ranging between 13 percent and 26 percent. This is due to the increasing consumer demand for two-wheelers during the season.
However, Bajaj Auto saw a decline in domestic numbers despite the festive boom.
Chennai-based TVS Motor led the festive charge, achieving a 13 percent year-on-year (Y-o-Y) rise in domestic sales.
The company sold 390,489 units in October, compared to 344,957 units in the same month last year.
TVS also saw its electric vehicle (EV) segment jump by 45 percent Y-o-Y. It reflected the rising consumer interest in sustainable mobility.
This story is from the November 05, 2024 edition of Business Standard.
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This story is from the November 05, 2024 edition of Business Standard.
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