Two-wheeler gross sales numbers in Might 2021 crashed fairly predictably owing to the fact of lockdowns throughout the nation which affected each car phase.
Honda two-wheelers managed to promote solely 58,000 items
Bajaj Auto exported 1.8 lakh items
Royal Enfield wasn’t hit as arduous in Might 2021
Might 2021 has been a grim reminder of how the second COVID-19 wave is wreaking havoc in rural and semi-urban markets which account for a big proportion of two-wheeler gross sales.
Most producers stopped operations in tandem with the lockdowns introduced by many states. The likes of Bajaj Auto and TVS Motor which have important export commitments did higher than the remainder owing to larger abroad shipments (see knowledge desk beneath).
Market chief, Hero MotoCorp resumed operations within the final week of Might and fairly naturally had little to point out when it comes to numbers. Likewise, its erstwhile ally and closest rival Honda Bike & Scooter India (HMSI) barely did slightly over 58,000 items through the month of which exports took up a 3rd.
If city India was the largest stumbling block final yr, this time it was a double whammy with rural areas additionally wilting below the pandemic. Which means that scooters and entry-level bikes felt the influence and producers will naturally be hoping that the worst is behind them by end-June.
The opposite space of concern pertains to stock ranges and the issue it poses for sellers who’re already feeling the pressure of the liquidity pinch and lack of ability to entry funds shortly.
The excellent news is that Maharashtra, Delhi, Uttar Pradesh, Madhya Pradesh, Rajasthan and Delhi have begun to ease lockdowns even whereas Karnataka and Tamil Nadu are grappling with larger caseloads.
With monsoons anticipated to be regular this yr, farmers can have one thing extra constructive to sit up for after months of weathering the COVID-19 onslaught.
Disposable incomes is also extra with excessive spend affairs like weddings now off the radar. Hopefully, all it will translate into shopping for extra bikes and scooters by the festive season. The one fear stays the opportunity of a 3rd wave which might derail all plans.