Affected by a slump first and then the COVID-19 outbreak, the automobile industry is still in progress to catch on to similar sales momentum from last year. While the 2020 festive season was not as rewarding as 2019, but the numbers did display an upward trend compared to the previous few months. Two-wheeler manufacturers like Royal Enfield, TVS Motor Company, Hero MotoCorp, Bajaj Auto have reported a growth in sales. Bajaj Auto, for example, sold 1,76,337 units in November 2019, the number stood at 1,88,196 units last month. The company also reported an 18 percent growth in exports compared to November 2019.
Royal Enfield has reported an overall sales growth of 6 percent last month compared to the same period last year. The company sold a total of 59,084 units of motorcycles last month as against 58,292 units sold in the month of November 2019m which is a marginal growth of 1 percent.
Honda’s domestic sales grew 11% to 4,12,641 units in November 2020 compared to 3,73,283 units a year ago. With exports of 20,565 units, Honda’s total sales in November closed at 4,33,206 units, which is, 9 percent up over 3,96,399 units in November 2019.
Hero MotoCorp Ltd sold 5,91,091 units of motorcycles and scooters in November 2020. The company reported a double-digit growth of 14.4% over the corresponding month of the previous year (November 2019), when the company had sold 5,16,775 units.
TVS Motor Company reported a total two-wheelers sales growth by 25% recording 3,11,519 unit sales in November 2020 as against 2,49,350 units in November 2019. Domestic two-wheeler sales posted a growth of 30 percent registering 2,47,789 units in November 2020 as against 1,91,222 units in November 2019.
Motorcycle grew by 26 percent recording 1,33,531 units in November 2020 as against 1,05,963 units in November 2019. Scooter sales of the Company grew by 26 percent registering 1,06,196 units in November 2020 as against 84,169 units in November 2019.
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