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The 2-W space reports steady performance in December 2021

News: Market leader Hero MotoCorp (HMCL) reported volumes of 3.95 lakh units for the month, up 13% MoM while TVS Motors posted 8.7% volume decline at 2.35 lakh units. Royal Enfield brand at Eicher Motors was the clear outlier and reported best ever reading in last several months with volumes for the month coming in at 73,739 units, up 43% MoM.

Views: In the 2-W space, scooter segment continues to witness sequential decline in sales volume while motorcycle sales volume was up nearly in double digitss MoM (Bajaj Auto, yet to report numbers). The key highlight for the month was robust volume prints at Royal Enfield, sustenance of which could subside growth concerns at the company.