6 days ago
India’s Two-Wheeler Retail Growth Reaches Nearly 20% in August
People in India bought many more two-wheelers in August than they did a year earlier.
Sales increased by about 18–20%.
The Onam festival and a lower comparison with last year helped sales.
Interest from buyers also increased in both cities and rural areas.
More people wanted premium petrol vehicles and electric vehicles.
New vehicle launches helped increase interest in electric and CNG models.
Some popular electric vehicles had waiting periods of three to four months.
Passenger vehicles, commercial vehicles and tractors also performed well.
Dealers generally kept inventories at healthy levels and used selective discounts instead of broad price cuts.
Indian two-wheeler retail sales grew 18–20% year-on-year in August, supported by Onam and a low base.
Organic inquiries rose 10–12%, with healthy demand across urban and rural markets.
Premium internal-combustion-engine models and electric vehicles were the main two-wheeler growth drivers.
Passenger-vehicle retail increased 11–13%, while commercial vehicles and tractors also recorded firm demand.
EV waiting periods reached three to four months, while discounts remained selective and largely inventory-led.
- Who
- Indian vehicle buyers, dealers, original equipment manufacturers and channel partners, according to Yes Securities.
- What
- Two-wheeler retail sales grew 18–20% year-on-year in August, with growth also reported in passenger vehicles, commercial vehicles and tractors.
- Where
- India, including urban, rural, tier 1 and tier 2 markets; urban passenger-vehicle markets outperformed rural markets.
- When
- August; the reports were cited on Thursday, but no exact date was provided.
- Why
- Growth was supported by the Onam festival, a low base, new product launches, stronger inquiries and preparations for the festive season.
Key facts
- Two-wheeler retail growth
- 18–20% year-on-year in August
- Organic inquiries
- Up 10–12%
- Passenger-vehicle retail growth
- 11–13% year-on-year
- CNG and EV inquiries and bookings
- Up more than 30%
- Dealer inventories
- Approximately 20–22 days
- EV waiting period
- Three to four months for high-demand brands
- ICE waiting period
- One to 1.5 months
- Discounts and prices
- Discounts remained flat month-on-month and selective, while major manufacturers implemented price increases, including a further 0.5–1.5% hike
Quotes
Yes Securities report
Brokerage report assessing automobile retail trends and dealer feedback
“Model mix remains healthy as top-end variants are seeing stronger acceptance as consumers increasingly value technology, performance and features beyond just cost savings.”
thehansindia.com
thehansindia.com
Sources
Related news
India Auto Demand Gains as August Vehicle Growth Accelerates
India’s Two-Wheeler Sales Continue Strong Growth Momentum in August
Indian auto retail achieves best-ever July with 26 pc growth
India's EV retail sales hit record 327,901 units in July
Auto Sales Jump 26% as Alternative Fuels Near Petrol Share
Car retail sales hit record July high; alternative fuels gain
Delhi Traffic Police Announces Rajghat Restrictions For September 3
Kharge Credits Congress Food Policies, Questions Modi Government’s Record
India, Canada Advance Dialogue and Trade Agreement Negotiations
AIIMS Panel Probes Conflicting Accounts of Teenager’s Death
President Murmu to Present 2024 Adventure Awards Alongside Sports Honours
