Two-wheelers

Review of domestic two-wheeler sales

 

25 20.0%
15.0%
20
10.0%
a
$15 5.0%
o 0.0%
g
510 -5.0%
= -10.0%
5
-15.0%
0 -20.0%

FY 15 FY 16 FY 17 FY 18 FY19 FY20
=mm= Motorcycles mmmmScooters mmm Mopeds = Y-O-Y Growth

Source: SIAM, CRISIL Research

Over fiscals 2015-2020, the two-wheeler industry registered 1.7% CAGR. Lower CAGR growth is due to 18%
decline of the industry in FY20 due to weak rural sentiments which accounts for majority of motorcycle demand
and high inventory levels with the dealers which were rationalized due to transition from BS IV to BS VI.

Domestic sales of two-wheeler recorded a flattish growth in Q2 FY21 after de-growing by 74% in QI FY21 due
to lockdown followed by supply constraints.

  

8.0 20%
B60 5.0 47 :70% - 0%
8 40 -20%
= 4 -40%
> 2.0 -60%
§ 0.0 -80%
= Qi Q2 Q3 Q4 Qu Q2

FY 20 Fy21
=== Motorcycles mam Scooters mami Mopeds Total ——y-o-y growth (%)

Segment-wise domestic two-wheeler sales growth on year

30% 25%
23%
20%
20% 15%
ob 12%1.1% 3%
7%
10% 94, 4% 4% 206 an, 5%
0% i I o% a 2 ol i
0% a 7
-10% -3% -3%
“2038 -18% 17% -18%
seme -28%
-40%
MOR MRAOH OR AAOH OR DAAOH OR MRO
SEP SRR SREP RRS E RE aa e eee
RErereacatiprreteoaalsrerercoerergraace
Motorcycle Scooter Mopeds Total

Source: SIAM, CRISIL Research

104
