The 2-W space reports flat to negative MoM growth for June 2022
News: Bajaj Auto outperformed its peers and reported volume growth of 26.6% MoM at 3.16 lakh units (albeit on a low base). Volumes at Hero MotoCorp were flat MoM at 4.85 lakh units, while TVS Motors posted 2.3% volume growth MoM at 2.94 lakh units. Royal Enfield brand at Eicher Motors reported volume de-growth of 2.4% MoM at 61,407 units
Views: In the 2-W space, volumes at BAL outperformed its peers as supply side issues eased aided by lower base post two months of muted volume prints. TVS continued its growth momentum with sequential MoM growth (largely aided by exports). With industry leader i.e. HMCL undertaking fresh price hike at the start of month, the volume prints for the month of July remain key monitorable, going forward
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