Bajaj Auto has vanquished its rival Hero MotoCorp and secured the position of India’s largest two-wheeler manufacturer in May, this year. In the month of May, its total sales in domestic and export markets accounted for 112, 798 units while sales of Hero MotoCorp was at 112,682 units. In April, when domestic markets were shut due to lockdown, Bajaj two-wheeler sales in the export market was also higher than that of the Hero MotoCorp.
Bajaj two-wheeler sales for the past six consecutive months have been higher in export markets than the domestic markets. The company has recently launched its two-wheeler – ‘Bajaj e-Chetak’.
In May, Bajaj’s export sales accounted for 65 per cent of its total two-wheeler sales. In domestic markets, the sales were just at 39,286 units. While Hero MotoCorp Sales in the domestic market was more than its export sales. It had sold 1,08,848 units of two-wheelers in India while in foreign markets, sales were just at 3,834 units. Hero’s two-wheeler sales account for 96 per cent of the total sales.
Also, TVS two-wheeler sales in the month of May has crossed the sales of Honda (which previously was in partnership with Hero). TVS has also defeated Honda in sales in the month of April which was unprecedented. In May, TVS has sold 56,218 units while Honda has sold just 54,820 units.
In March, Hero was the largest two-wheeler manufacturer in India followed by Honda. While Bajaj and TVS were at third and fourth positions respectively. Export sales of Two-wheelers of these companies is a determining factor for the positions they hold in April and May when India was under lockdown.