In December, two-wheeler companies exhibited a 15% volume growth, surpassing the 6% growth observed in passenger vehicles.
Strong Year-on-Year Growth Positions Two-Wheeler Companies at the Forefront
Two-wheeler companies have demonstrated notable resilience compared to other segments within the automobile industry. Charted data illustrates the consistent year-on-year wholesale volume growth achieved by two-wheeler companies throughout each month of the December quarter, outpacing growth figures for passenger vehicles, commercial vehicles, and tractors. Notably, in December, two-wheeler companies exhibited a robust 15% volume growth, surpassing the comparatively modest 6% growth observed in passenger vehicles. In contrast, medium & heavy commercial vehicles trucks experienced a decline of 2%, while tractors saw a substantial 17% decrease in their respective volumes.
Two-Wheeler Companies Showing Resilience in the Recovery Phase
Two-wheeler companies have shown remarkable resilience compared to other segments within the automobile industry. Despite the favourable base, the demand environment is gradually improving, leading to better prospects for the two-wheeler segment. However, the passenger vehicle segment is anticipated to experience a slowdown as pent-up demand is addressed and pending order backlogs are fulfilled. Looking ahead, it is expected that volume growth will moderate. In the case of tractors, there is a need for an acceleration in rural demand, while for commercial vehicles, the upcoming election serves as a crucial factor to monitor.
