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LATEST NEWS UPDATES | Global slowdown weighs on two-wheeler exports: SIAM

Global slowdown weighs on two-wheeler exports: SIAM

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published Published on Dec 14, 2022   modified Modified on Dec 15, 2022

-The Hindu Business Line

Major exporters such as Bajaj Auto, Hero MotoCorp, HMSI and TVS Motor Company, all have reported decline in sales

The global slowdown has impacted two-wheeler exports between April and November this year to 26,79,201 units, a decline of 10 per cent y-o-y as compared with 29,76,065 units in same period last year.

Major exporters such as Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India (HMSI) and TVS Motor Company, all have reported decline in sales, latest data from the Society of Indian Automobile Manufacturers show.

Bajaj Auto exported 12,05,042 units during the period, down 19 per cent y-o-y compared with 14,84,605 units in April-November 2021. Hero MotoCorp, too, reported a decline of 37 per cent y-o-y to 1,23,930 units (1,97,337).

TVS Motor Company reported a decline of 4 per cent y-o-y to 6,85,805 units (7,17,057) and HMSI recorded a marginal decline in its motorcycle exports to 1,16,237 units (1,16,512). However, it has grown in scooter exports to 1,39,403 units (1,20,516), show the data.

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The Hindu Business Line, 14 December, 2022, https://www.thehindubusinessline.com/companies/global-slowdown-weighs-on-two-wheeler-exports-siam/article66263251.ece


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