Two-wheeler sales witness moderate growth in June

Even as the chip supply constraints started to ease off for automakers, sales in the two-wheeler segment of India's automotive industry remained muted in June, both over the last year and on a sequential basis. However, most of the industry players are anticipating sustained growth over the next few quarters due to favourable monsoon and improvement in their supply chain.

With sales of 484,867 units of motorcycles and scooters in June 2022, Hero MotoCorp registered a growth of 3.35 percent over the corresponding month of the previous fiscal when it sold 469,160 units. As per the regulatory filing data, Hero MotoCorp's total domestic sales climbed to 463,210 units in June 2022 compared to 4,38,514 units in June last year. However, exports declined to 21,657 units in the month under review against 30,646 units in June 2021.

In terms of segment, sales of motorcycles advanced to 461,421 units in June 2022 against 441,536 units in the same month last year. A total of 23,446 scooters were sold in June 2022 - down from 27,624 units in June last year.