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TVS hits a new high in two-wheeler exports, Bajaj on a roll in FY2021
by Ajit Dalvi 15 Apr 2021

With shipments of 764,039 units (12%), TVS contributed 23% to total exports while Bajaj Auto lords with 55% and 1.8 million units.

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Locally manufactured SUV should cross the 50,000 sales mark this month, 44 months after it went on sale in India.

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All-time high Rabi sowing and healthy Kharif procurement helped maintain momentum in tractor sales.

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In February 2021, overall CV sales totalled 58,051 units, which is a percentage lower compared to a year ago and 6 percent lower than January 2021.

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These top five best-selling models account for 48.50% of total UV sales in January 2021, leaving the balance to 70-odd models also in the fray.

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Overall month-on-month sales for two-wheelers have risen 24 percent in January across six OEMs.

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New vehicle sales in December 2020 benefit from pent-up demand, register reduced rate of decline in Q3 FY2021 over Q2.

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India’s two largest CV OEMs – Tata Motors and Ashok Leyland – average robust 38% growth in medium and heavy commercial vehicles.

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Festive-led demand gives OEMs traction but the months to come will decide if the growth is sustainable.

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