TWO-WHEELER SPACE REPORTS HEALTHY MOM GROWTH FOR AUGUST 2022
News: Volumes at Bajaj Auto were up 12.9% MoM at 3.56 lakh units. Volumes at industry leader Hero MotoCorp, however, were up 3.8% MoM at 4.63 lakh units, while TVS Motors posted 5.3% volume growth MoM at 3.15 lakh units. The Royal Enfield brand at Eicher Motors reported volume growth of 26.2% MoM at 70,112 units.
View: In the 2-W space, volumes at EML outperformed its peers by breaking their usual monthly run rate of 55,000-65,000 whereas Bajaj surpassed its average monthly run rate with good momentum in domestic market (amid easing supply side issues). TVS Motors continued its momentum of consistent mid-single digit MoM growth.
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