Two wheeler sales have reached new heights in the month of September, as the manufacturers gear up for the busy festive season.
Taking a look at the figures, Hero MotoCorp and Honda Motorcycle and Scooter India (HMSI) have both registered a growth in sales by 11.2 percent and 32.1 percent on an all-time high of over 6.7 lakh and 5.69 lakh units sold.
TVS Motors too recorded a 30 percent increase in sales with over 2.87 lakh units sold. The company lost around 25,000 units due to supply chain disruptions.
Domestic sales figures too improved by a good margin as compared to last year. September sales of motorcycles rose to 1.22 lakh units compared to 90,393 units of last year.
Scooters were also not far behind, with a growth of 12.7 percent. 84,845 scooters were sold as compared to last years 75,307.
Yamaha and Royal Enfield also reported healthy figures for the month of September. With a growth rate of 22 percent and 30 percent respectively.
Whereas Bajaj Auto has reported negative figures with two percent decline in sales compared to last year. But the motorcycle sales were a healthy affair for the company in September with one percent rise.
Senior Vice-President Sales and Marketing at HMSI, Yadvinder Singh Guleria said, "The positivity in the economy led by the Seventh Central Pay Commission, One Rank One Pension (OROP) disbursements and favourable monsoon has translated to a robust return of demand in two-wheeler sector ahead of festivals."