BUSINESS

Two-wheeler trade sales down in March, whereas exports grow in FY22

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Hero MotoCorp, Royal Enfield put up stable export mutter

The two-wheeler trade reported a decline in home sales on yearly basis in March nonetheless plenty of the companies have achieved effectively in exports including market leader Hero MotoCorp.

Hero MotoCorp recorded an export mutter of 57 per cent one year-on-one year (YoY) in FY2022 at 3,00,624 units in opposition to 1,91,609 units in FY2021.

HMSI exports up, sales tumble

Honda Bike & Scooter India (HMSI) recorded a mutter of 60 per cent in exports in FY’22 at 3,30,852 units in comparison with 2,07,310 in FY2020-21.

Then again, in month-to-month sales, it recorded a decline of 22 per cent YoY at 3,09,549 units of two-wheelers in March in opposition to 3,95,037 units in corresponding month ideal one year.

The firm reported a decline of 27 per cent in exports YoY to 11,794 units in March 2022 in comparison with 16,000 units of exports in March 2021.

For the fiscal one year (FY) ended March, the firm had a entire sales of 37,99,680 two-wheelers, a decline of two per cent in comparison with 38,65,872 units in FY2021.

“FY2021-22 used to be a a form of one year as we eminent five-crore prospects’ iconic landmark. Despite signs of moderation, the one year continued to impression business momentum ensuing from varied challenges setting up from every ask and supply facet. Then again, bringing the synergies of fresh products alongside with fresh fun units’ business expansion has helped us catalyse particular person sentiment in every RedWing and BigWing companies,” Yadvinder Singh Guleria, Director, Gross sales and Advertising and marketing, HMSI talked about.

Royal Enfield exports up 56 notebook computer in March

In an identical arrangement, Royal Enfield recorded an export mutter of 56 per cent YoY in March at 9,200 units (5,885 units). For the chubby one year additionally, the firm recorded an export mutter of 110 per cent to 81,032 units in comparison with 38,622 units in FY2021 .

Then again, its home sales declined by nine per cent for the chubby one year to five,21,236 units in comparison with 5,73,728 in FY2021. Monthly wise, the sales declined by three per cent at 58,477 units in March in opposition to 60,173 units.

“As a tough FY2022 involves a shut, Royal Enfield is assured of riding thru fast term challenges and continues to remain committed in direction of its imaginative and prescient of turning into the main top class global particular person designate from India,” the firm talked about in a press unencumber.

The firm added that it has a stable product line up in store and firm strategic plans to meet its prolonged-term objectives.

Published on


April 02, 2022

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