Two wheeler sales in India rises in the 2nd month of 2011 too
India’s two-wheeler market is showing no signs of slowing down as the sales momentum was kept going in the month of February, with all the three major manufacturers, Hero Honda, Bajaj Auto and TVS Motor, recording better growth than the previous month. Bajaj topped the list of companies exporting their vehicles followed by TVS, while Hero Honda made four lakh plus sales.
The Pune based company, Bajaj Auto, sold a total of 286,657 units resulting in a 22% increase since last year. Exports of the company too rose by 32% as they sold 102,433 units. Hero Honda, India’s largest two wheeler company, posted a 24% growth whereas TVS’s sales of two wheelers grew to 23 % in the month of February. Hero Honda sold 472,055 units, crossing the 4 lakh mark for the 10th consecutive month.