TWO-WHEELER SPACE REPORTS LOWER SINGLE DIGIT MOM GROWTH FOR MAY 2022
News: Market leader Hero MotoCorp outperformed its peers and reported volume growth of 16.3% MoM at 4.9 lakh units. Volumes at Bajaj Auto were down 11.4% MoM at 2.5 lakh units (led by exports), while TVS Motors posted 2.5% volume growth MoM at 2.87 lakh units. Royal Enfield brand at Eicher Motors reported volume growth of 2.4% MoM at 63,643 units.
Views: In the 2-W space, volumes at BAL underperformed its peers. The sustenance of the current run rate will be the key monitorable, going forward. Product mix at Eicher Motors deteriorated with >350 cc segment declining 7.4% MoM. Notably, Hero MotoCorp further postponed the captive EV launch from July 1, 2022 to the festive season (Dussehra-Diwali) citing semi-conductor chip shortages.
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