Two-wheeler exports rise 4% in April-Sept; Bajaj Auto leads the pack
Two-wheeler exports rose by over 4% in the April-September period of the current fiscal, with Bajaj Auto leading the segment by shipping over 9 lakh units to various markets, including Africa and Latin America, as per latest data by industry body SIAM.
Two-wheeler dispatches, including motorcycles, scooters and mopeds, stood at 17,93,957 units in the first half of the current fiscal, as compared to 17,23,280 units in the same period of 2018-19.
Scooter exports during the period under review stood at 2,01,277 units, down 10.87% from 2,25,821 units in the April-September period of 2018-19. Motorcycle shipments, however, rose by 6.81% during the period at 15,85,338 units as against 14,84,252 units earlier.
On the other hand, exports of mopeds were down by a massive 44.41% at 7,342 units as compared to 13,207 units in April-September period last year.
Pune-based Bajaj Auto led the segment with shipments of 9,34,581 units, up 7.5% from same period last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
It was followed by TVS Motor Company and Honda Motorcycle & Scooter India (HMSI) which exported 3,43,337 and 1,74,469 units, respectively, during the period under review.
Bajaj exports its bikes to over 70 countries and last year dispatched around 40% of its total production to Africa, Latin America and Middle East markets. The company exported around 20 lakh units last fiscal.
Similarly, TVS Motor Company exported 3,43,337 units in the April-September period this fiscal, up 6.24% from same period last fiscal. On the other hand, HMSIs overseas dispatches were 23.09% lower than the April-September period of last financial year.
India Yamaha Motor exported 1,56,058 units, up 21.38% from last fiscal. It was followed by domestic market leader Hero MotoCorp at 92,823 units. The company’s overseas shipments were 12% down this fiscal as compared with the same period of 2018-19.
Suzuki Motorcycle India’s foreign dispatches stood at 54,372 units, up 35.61%. Other notable exporting companies during the period included Royal Enfield (22,956 units), Piaggio Vehicles (14,050) and Mahindra Two Wheelers (297).
In the domestic market, total two-wheeler sales witnessed a decline of 16.18% in the April-September period at 96,96,733 units, from 1,15,68,498 units in the same period of previous fiscal.
