Top Two-Wheeler Exporters: Bajaj, TVS, Yamaha ride high on exports from India

Motorcycles, scooters and mopeds combined contributed to over 70% of total vehicles exported from India. Bajaj Auto continues to top the two-wheeler exporters chart.

By: | Updated: October 24, 2017 1:46 PM

Two-wheeler exports from India have contributed to over 70% of total vehicles exported and was dominated heavily by strong motorcycles demand in the export market. Numbers released by Society of Indian automobile manufacturers suggest that the two-wheeler industry exported a total of 1,200,522 units of motorcycles, 157,551 units of scooters and 6,240 units of mopeds. Overall the two- industry exported 1,364,313 units of two-wheelers at growth rate of 15.22%.

Continuing the top-spot in two-wheeler’s exporters list, Indian motorcycle manufacturer Bajaj Auto registered an increase in its motorcycles by about 6.60% as the company exported a total of 683,876 units in the first half (April-September) of ongoing financial year 2017-18. Strong sales in countries like Nigeria, Colombia and Philippines have resulted in positive growth in company’s exports. The company is also looking at entering new emerging markets and started exports to Thailand and Malaysia recently. Africa and Latin America are top export regions for Bajaj Auto and is witnessing robust growth in new markets like Malaysia where it recently started exporting units. During FY 2016-17 the company’s exports declined by over 15% but it still managed to be the top exported from India.

Top-two-wheeler exporters from India                                     (April-September 2017)

Sl.No

Company

Exports

YoY Growth

1

Bajaj Auto

683,876

6.60%

2

TVS Motor Company

236,740

28.30%

3

HMSI

182,548

33.72%

4

Yamaha Motor India

106,265

40.03%

5

Hero MotoCorp

88,879

3.27%

Hosur based two-wheeler manufacturer, TVS Motor Company’s exports shot up by over 28% in the last six months as the company exported a total of 236,740 units of its scooters and motorcycles combined. The company currently exports to over 50 countries in Africa, Asia and Latin America. Motorcycles manufactured by TVS dominated the export charts as it sold 210,957 units to export markets. However, export of scooters decined by about 20% as the company exported 19,543 units of scooters as against 26,016 units exported in first half of FY 2016-17.

Indian arm of Japanese two-wheeler manufacturer Honda Motorcycle and Scooter India remained the third largest two-wheeler exporter from India and the company exported about 5.5% of its total manufactured two-wheelers from India. The company exported 182,548 units in the first half of this financial year reporting a growth of over 33%. This includes 97,747 units of its scooters and 84,801 units if motorcycles.

Also read: Top five cars/SUVs exporters from India; Ford India over takes Hyundai for the first time

Yamaha Motor India exports too surged about 40% growth as the company exported 106,265 units out its India factories. The company aims to export over 2.2 lakh units this fiscal along with a sales target of 10 lakh units in domestic market. Currently, the company has three plants in India with a total annual capacity of 2.5 million units.
India’s top and world’s largest two-wheeler manufacturer Hero Motorcorp’s exports increased by 3.27% in the first half of this year. The company exported a total of 88,879 units in the period between April-September 2017. The company also makes two-wheelers in Bangladesh and Colombia with an annual capacity of 1.50 lakh and 80,000 units respectively. The plant in Colombia is also undergoing expansion and will soon have an annual capacity of 1.50 lakh units. The company is also committed to enter new markets like Brazil and Mexico by 2019.

Premium motorcycle manufacturer, Harley Davidson too reported a growth if 30% by exporting 3,531 units in the first six months. Other than the marginal decline posted by Mahindra two-wheelers of about 1.83% all other two-wheeler manufacturers like Royal Enfield, Suzuki Motorcycles India, Piaggio vehicles also posted positive exports. Royal Enfield recently forayed into the Vietnam market and have been expanding its global footprints regularly. The company exported a total of 8,561 units.

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