September two-wheeler sales expectations — Hero MotoCorp expected to outperform Bajaj Auto and TVS Motor

BCCL
  • The Indian two-wheeler manufacturers are likely to see a strong turnaround despite the inauspicious periods of Shraadh and Adhik Maas.
  • The strong demand revival is expected on the back of increased preference for personal mobility amid the coronavirus pandemic.
  • Check out the latest news and updates on Business Insider.
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The Indian two-wheeler manufacturers are predicted to see a strong turnaround despite the inauspicious periods of Shraadh and Adhik Maas in the Northern and the Western region. The improving sales picture comes after an increased preference for personal mobility amid the coronavirus pandemic.

“Two Wheeler (2W) dispatches are expected to see further recovery on the back of continued ramp-up in supply chains, thriving rural sentiments and rise in personal mobility needs,” said the Nirmal Bang report.

The analysts at Nomura expect Hero MotoCorp to outperform in the sales number compared to its other peers TVS and Bajaj Auto, owing to its strong reach in the Indian rural areas.

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Hero MotoCorp September auto sales expectations:
Hero MotoCorpAugust 2020 salesAugust 2019 salesGrowth %
Motorcycle/Scooters662,723612,2048.30%
*Source: Nirmal Bang

TVS Motor two-wheeler September auto sales expectations:
TVS Motor CompanyAugust 2020 salesAugust 2019 salesGrowth %
Two-wheeler307,158300,9092%
*Source: Nirmal Bang

Bajaj Auto two-wheeler September auto sales expectations:
Bajaj AutoSeptember 2020 sales September 2019 salesGrowth %
Motorcycle361,536336,7307.40%
*Source: Nirmal Bang
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