Technology

Exports will activate Bajaj Auto, TVS numbers from April to June 2021

Sustainable demand from overseas markets for motorcycles has greatly helped Bajaj Auto and TVS Motor Company. Especially when domestic market demand has not yet set foot. For both OEMs, exports in the first quarter of 2022 provide a strong buffer against sluggish demand in India.

Bajaj Auto and TVS together account for 60% of India’s total 14,03,424 motorcycle exports, demonstrating the sector’s dominance. Export leader Bajaj accounts for 40% of total shipments, and TVS is the next big one with 20%. Next in line is Honda, which contributes 6% or 83,800 units to exports.

Bajaj Auto, whose exports have always been the driving force behind strong growth, shipped a total of 556,753 units during the period April-June 2021 (Q1 2021: 213,948 units). This performance has increased by 160% year-on-year, but note that in the first quarter of 2021, the world was the first to suffer a Covid-19 pandemic and most countries were blocked.

Bajaj Auto’s strong export performance is 62% higher than domestic market sales of 342,552 units, despite Pune-based motorcycle majors in India recording strong sales growth of 81% year-on-year. Quarter: 185,981).

Meanwhile, TVS Motor India, the second largest exporter of motorcycles, shipped a total of 289,818 units between April and June 2021, recording a year-on-year growth of 316%, albeit low year-on-year. In the domestic market, TVS has sold a total of 328,883 units, making it the fourth-largest player after Hero MotoCorp (940,597), Honda Motorcycle & Scooter India (491,339) and Bajaj Auto (342,552).

In 2021, TVS set a new record for motorcycle exports – 764,039 units (12.55%) and Bajaj Auto shipped 17,96,518 units (-3.89%). In 2021, these two OEMs accounted for 78% of total motorcycle exports. – 25,60,557 units.

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Exports will activate Bajaj Auto, TVS numbers from April to June 2021
Exports will activate Bajaj Auto, TVS numbers from April to June 2021
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