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Two-wheeler Exports August 2022: Honda, Suzuki, Royal Enfield record positive YoY growth

Two-wheeler Exports August 2022: Honda, Suzuki, and Royal Enfield recorded healthy growth in exports on a YoY basis while the export figures of Hero MotoCorp, Bajaj, and TVS plunged.

Two-wheeler Exports August 2022: Honda, Suzuki, Royal Enfield record positive YoY growth
Two-wheeler Exports August 2022

India is one of the largest two-wheeler markets in the world. August 2022 was a good month for the OEMs in terms of domestic sales. However, the same cannot be said for exports. While Honda, Suzuki, and Royal Enfield recorded healthy growth in exports on a YoY basis, the export figures of Hero MotoCorp, Bajaj, and TVS plunged. Here’s a detailed report of the same. 

bajaj sales may 2022

Two-wheeler Exports August 2022:

Brand NameAugust 2022August 2021YoY ChangeJuly 2022MoM Change
Bajaj1,21,7871,80,339-32.4%1,50,670-19.1%
TVS76,21494,314-19.1%97,716-22.0%
Honda39,30730,11430.5%40,942-3.9%
Suzuki14,90511,65427.9%15,338-2.8%
Hero MotoCorp11,86822,742-47.8%14,896-20.3%
Royal Enfield7,2206,7906.3%9,026-20.0%

As you can see in the above table, the export figures of all the major two-wheeler manufacturers slumped in August 2022 when compared on an MoM basis. Moreover, on a YoY basis, Honda, Suzuki, and Royal Enfield recorded healthy growth. In terms of exports, Bajaj Auto still leads the race followed by TVS Motor Company and Honda Motorcycle & Scooter India (HMSI). 

Hero-Super-Splendor-Canvas-Black

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Suzuki bagged the fourth spot while Hero MotoCorp and Royal Enfield grabbed the fifth and sixth positions respectively. Bajaj Auto exported 1,21,787 units in August 2022, recording a massive 32.4 per cent decline YoY. Even TVS Motor Company’s export figures were down by 19.1 per cent and it exported 76,214 units from India last month. 

2022 Royal Enfield Hunter 350

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Honda Motorcycle & Scooter India recorded the biggest jump of 30.5 per cent YoY and its exports stood at 39,307 units in August 2022. Suzuki and Royal Enfield exported 14,905 two-wheelers and 7,220 units respectively last month. India’s largest two-wheeler maker Hero MotoCorp’s exports were down by a massive 47.8 per cent YoY and its August 2022’s export figures stood at 11,868 units.

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