Two Wheeler Manufacturers and its Market in India

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Indian Two-Wheeler Industry is the largest in the world as far as the volume of production and sales are concerned. India is the biggest two-wheeler market on this planet, registering
an overall growth rate of 9.5 percent between 2006 and 2014. The growth in Indian Automobile Industry owed the most to a steep upsurge witnessed in the two-wheeler segment in 2014. The volume growth recorded in the 2014-15 fiscal year stood at a commendable 14.8 percent on a year-on-year basis. The 'Make in India' campaign of the Government of India is also going to attract more foreign investment into Indian Two-Wheeler Industry creating further growth opportunities in the coming years.

Two-Wheeler Manufacturers: Growth Factors

  • Relatively Low Cost of Two-Wheelers in India.
  • Steep Fall in Fuel (especially petrol) Prices.
  • Reduced Excise Duty.
  • High Interest Rates on Passenger Cars and LCVs.

Two-Wheeler Market in India

Indian Two-Wheeler Market is noticing a continuous upsurge in demand and thus resulting in growing production and sales volume. This owes a lot to the launching of new attractive models at affordable prices, design innovations made from youths’ perspective and latest technology utilised in manufacturing of vehicles. The sale of two-wheeler products has increased substantially. The sales volumes in the two-wheeler sector shot up from 15 percent to 24 percent between 2008-09 and 2013-14.

A considerable expansion was seen in the sales volume of the scooter segment during 2014-15 as far as the two-wheelers were concerned. The domestic motorcycle sales volume moved up to 10 percent, whereas the scooter segment recorded a growth of 30.7 percent in sales volume. In the past 2-3 years, around a dozen new scooter brands have been introduced in India. But the motorcycle segment lags behind in this regard. This is due to the fact that the recently launched gearless scooters cater to the needs of both men and women, while motorbikes are a segment preferred by men only.

The growth momentum is also propelled by the fact that the two-wheeler manufacturers in India have understood the market’s needs and have been able to deliver as expected. At the end of 2014, the global business involving two-wheeler designing, manufacturing, engineering and selling was at an average of US$ 3.5 billion per manufacturer. However, India's Hero MotoCorp - the world's largest two-wheeler manufacturer and seller clocked an average of US$ 15 billion on the same lines.

Though, further growth in Indian Two-Wheeler Industry will depend heavily on people’s personal disposable incomes that rely on India's economic growth in days to come.

Two-Wheeler Indian Manufacturers and Models

Some of the models currently sold by top two-wheeler manufacturers in India:-
  • Hero Karizma ZMR
  • Hero Xtreme Sports
  • Hero Hunk
  • Hero Ignitor
  • Hero Super Splendor
  • Hero Passion Pro
  • Hero Maestro
  • Hero Pleasure
  • Bajaj Pulsar RS 200
  • Bajaj Pulsar 220
  • Bajaj Avenger 220 DTS-i
  • Bajaj New Discover 150
  • Bajaj Discover 125 M
  • Yamaha YZF R15 Ver. 2.0
  • Yamaha Fazer Ver. 2.0 (FI)
  • Yamaha Fazer
  • Yamaha Alpha
  • Yamaha Ray Z
  • Honda Stunner
  • Honda Twister
  • Honda CB Trigger-STD
  • Honda CB Trigger-CBS
  • Honda Activa
  • Royal Enfield Thunderbird 500
  • Royal Enfield Thunderbird 350
  • Royal Enfield Classic Desert Storm
  • Royal Enfield Classic Battle Green
  • Royal Enfield Bullet 500
  • TVS Apache Series RTR
  • TVS Phoenix 125
  • TVS Jupiter
  • TVS Wego
Last Updated on May 4, 2015