Two-wheeler sales fell by 17% in April, low demand during weddings and festivals was the reason
Two-wheelers: There has been a huge decline in the sales of two-wheelers in the month of April. This time 17 percent less sales were recorded as compared to last year. Which is the biggest monthly decline in the last one year.
This month there has been a massive drop in the sales of two-wheelers. This time there were 17 percent less sales compared to last year. This is the largest one-month decline in last one year. The unique thing is that the companies have conducted a number of types of offer schemes in order to attract customers. Even after that, sales did not improve.
The country's major six two-wheeler organizations cumulatively sold as many as 14.1 lakh units in the country in April. These account for nearly 95 percent of India's total two-wheeler sales. Sales in the countryside were somewhat better, but in the cities, the demand was very sluggish, as per analyst reports.
According to media reports, Yes Securities report said that after talking to channel partners, it has come to light that the demand for two-wheelers was less than expected during the wedding season in North and Central India and festivals in West India. However, there has been some recovery from states like UP and Bihar. Demand was under pressure in these states due to Malmas and already high sales in the last 2–3 months.
Delhi-based Hero MotoCorp suffered the biggest setback in April. The company's sales fell 43 percent to 3,05,406 units compared to last year. This is the company's biggest monthly decline in recent years. One of the reasons for this decline was that the company had stopped production at its Dharuhera, Gurugram, Haridwar and Neemrana plants from April 17 to 19. Its purpose was to fix the supply chain and complete the necessary maintenance work. The company is expecting production to be normal from May 2025.
Honda once again left Hero behind and launched the maximum number of two-wheelers in the market in April. The company delivered 4,22,931 units, although this was also 12 percent less than last year.
The country's third largest two-wheeler company TVS Motor gave some relief news. In April, the company's sales increased by 7 percent to 3,23,647 units. The special thing was that the company's electric vehicle sales jumped by 59 percent and EV sales reached 27,684 units.
