2-W space reports healthy MoM growth for September 2022
Volumes at industry leader Hero MotoCorp were up 12.4% MoM at 5.2 lakh units while TVS Motors posted 14.6% volume growth MoM at 3.62 lakh units. Royal Enfield brand at Eicher Motors reported volume growth of 17.1% MoM at 82,097 units. However, we await numbers for Bajaj Auto.
In the 2-W space, Royal Enfield volume prints for the month came in stellar and were at a multi-year high in the recent past. Volumes at HMCL also came in healthy amid channel inventory build-up ahead of the festive season. TVS Motors continued its positive momentum of consistent MoM growth trend with growth more prominent in the scooter as well as moped segment for the month.
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