2-W space reports muted MoM growth for October 2022
Volumes at Bajaj Auto were down 1.9% MoM at 3.42 lakh units while TVS Motors posted 4.7% volume de-growth MoM at 3.45 lakh units. Royal Enfield brand at Eicher Motors reported flat MoM at 82,235 units while market leader Hero MotoCorp reported sharp volume de-growth of 12.6% MoM at 4.55 lakh units
In the 2-W space, Royal Enfield volume prints for the month came in robust and were ahead of peers by maintaining its 80k+ run-rate. TVS Motors took a breather from its MoM secular growth trend and witnessed de-growth for the first time in FY23. Bajaj Auto posted a muted performance amid sequential decline in domestic sales with exports witnessing a sequential uptick
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