Major two-wheeler brands registered sales development final month as compared to final year. Bajaj Auto, for instance, reported a seven % development in domestic sales.
Affected by a slump initial and then the COVID-19 outbreak, the automobile business is nonetheless in progress to catch on to comparable sales momentum from final year. While the 2020 festive season was not as rewarding as 2019, but the numbers did show an upward trend compared to the preceding couple of months. Two-wheeler producers like Royal Enfield, TVS Motor Company, Hero MotoCorp, Bajaj Auto have reported a development in sales. Bajaj Auto, for instance, sold 1,76,337 units in November 2019, the quantity stood at 1,88,196 units final month. The business also reported an 18 % development in exports compared to November 2019.
Royal Enfield has reported an all round sales development of 6 % final month compared to the very same period final year. The business sold a total of 59,084 units of motorcycles final month as against 58,292 units sold in the month of November 2019m which is a marginal development of 1 %.
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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 % up more than 3,96,399 units in November 2019.
Hero MotoCorp Ltd sold 5,91,091 units of motorcycles and scooters in November 2020. The business reported a double-digit development of 14.4% more than the corresponding month of the preceding year (November 2019), when the business had sold 5,16,775 units.
TVS Motor Company reported a total two-wheelers sales development 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 development of 30 % registering 2,47,789 units in November 2020 as against 1,91,222 units in November 2019.
Motorcycle grew by 26 % 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 % registering 1,06,196 units in November 2020 as against 84,169 units in November 2019.
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