November 2021 was a type of uncommon events when Bajaj Auto was in a position to beat Hero MotoCorp in complete bike gross sales.
Bajaj Auto turned the best-selling bike model in India in November combining each home and export numbers. The Pune-based bike main recorded 338,473 models final month, down 12 per cent from its personal gross sales efficiency in November 2020, when it bought 384,993 models. Hero MotoCorp, which has lengthy held the pole place within the Indian two-wheeler market, has bought 329,185 bikes final month, combining each home and export numbers.
(Additionally learn: Bajaj Auto’s two-wheeler home gross sales down 23% in November, with 144,953 models bought)
Hero MotoCorp reported a 39 per cent decline in general bike gross sales in November 2021, when it registered 541,437 models as in comparison with the identical month final yr. Though,
November 2021 was a type of uncommon events when Bajaj Auto was in a position to beat Hero MotoCorp in complete bike gross sales. Hero MotoCorp, nevertheless, topped the two-wheeler desk by combining each its bike and scooter gross sales. Whereas Bajaj Auto bought 338,473 models within the home and worldwide markets, Hero MotoCorp bought a complete of 349,393 two-wheelers within the home and worldwide markets.
Bajaj Auto noticed greater than half of its bike gross sales come from worldwide markets, regardless of recording a two per cent decline in its export numbers. It shipped 193,520 bikes to abroad markets and registered 144,953 models within the home market.
In its worldwide markets in Latin America and Africa, the home bike main posted larger gross sales numbers. Bajaj Auto at present sells its bikes in round 70 nations the world over.
Hero MotoCorp, however, specializes within the decrease displacement bike phase. The home two-wheeler model has a stronghold within the commuter phase, which was hit in India as a result of late withdrawal of monsoon in lots of elements of the nation, as there was a delay in harvesting.
This affected Hero MotoCorp’s gross sales in rural areas, the place the corporate has a robust client base. Slowdown within the entry-level commuter bike phase and client choice in the direction of higher-end fashions additionally performed a key issue in opposition to Hero MotoCorp.
First revealed date: 04 December 2021, 09:26 AM IST