Hero MotoCorp, Honda Motors ahead of Bajaj, TVS in the Indian two-wheeler market
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The combined sales of Hero MotoCorp and Honda Motor are more than Bajaj Auto and TVS, the Economic Times stated.
Though, Honda Motor is still quite a distance behind
In the two-wheeler market that has turned sluggish due to erratic rural demand, Honda's ability to remain positive is seen as a great propeller for its ambitious leadership dream. It is steering ahead of the rest by being a mass-market player.
Sales at Hero MotoCorp have declined by 5.64% in the past two months. Bajaj too has been in the negative territory. Chennai-based TVS Motors, which emerged as the third-largest player last year, maintained its edge over Bajaj Auto with sales rising 8%. Hero MotoCorp, despite the drop in sales, managed to stay ahead of the combined sales of its partner-turned-competitor Honda and TVS Motors.
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Meanwhile, the Indian two-wheeler market declined 0.73% in the first two months of the current fiscal year, largely due to slowing demand from rural markets, after posting 5% growth in the year ended on March 31.
(Image: Indiatimes)
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