Retail sales of two-wheelers grew by over 8 percent in August


August has been good for automobile companies in terms of sales. Retail sales of two-wheelers grew by 8.52 percent last month. Sales stood at 9,89,969 units in August. This is 10,74,266 units more than the same month last year. Retail sales have benefited from the onset of festive season in the country, good monsoon and positive sentiment.

The Federation of Automobile Dealers Association reported that retail sales of two-wheelers have grown more than wholesales. In this, Hero MotoCorp sold 3,02,787 units. sales Ranked first with However, the company’s market share declined to 28.19 per cent from 31.85 per cent on a year-on-year basis. Hero MotoCorp is expanding its portfolio and has plans to launch three new bikes. Honda’s retail sales increased to 2,86,792 units. It was 2,48,288 units in the same month last year. The market share of the company increased from 25.08 percent to 26.70 percent on a year-on-year basis.

TVS Motor Company secured the third position with 1,81,282 units. The company had sold 1,50,374 units in August last year. Bajaj Auto’s retail sales have come down. It sold 1,04,772 units in August. The company’s sales stood at 1,25,921 units in the same month last year. Its market share also fell from 12.72 percent to 9.75 percent. Sales of electric two-wheeler companies have improved significantly. Hero Electric’s retail sales almost doubled to 10,390 units. The company had sold 5,174 units in the same month last year.

Passenger Vehicle Segment YoY Growth Last Month rage It was 6.51 percent. Sales have gained momentum due to the launch of new models of cars in the last few months. Retail sales of cars stood at 2,64,448 units in August. It was 2,57,672 units in the same month last year. Maruti Suzuki stood first in retail sales of cars. The company sold 1,07,517 units last month. However, it is less as compared to the same month last year. Hyundai is in second place in retail sales of cars. However, the sales of the company have decreased as compared to the same month last year. Hyundai sold 43,188 units in August.

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