Hero MotoCorp, TVS Motor Company, Bajaj Auto, Royal Enfield and Suzuki collectively sold 815,000 vehicles during the reporting month. These manufacturers control nearly 70% of the domestic two-wheeler market. Though volumes were expected to be muted for December for all manufacturers, except Royal Enfield, they failed to meet the expectation of analysts.
The fall in volumes was led by India's largest two-wheeler maker Hero MotoCorp which sold 324,000 units, a drop of 18% y-o-y.
This story is from the January 03, 2025 edition of Financial Express Lucknow.
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This story is from the January 03, 2025 edition of Financial Express Lucknow.
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