Indian two-wheeler industry has acheived a key milestone of making and selling one million units, in March. For the first time, the industry also crossed the 10-million mark in a fiscal by selling 10.5 million two-wheelers in 2009-10 . In 2009-10 , total two-wheeler sales were up by 24.52%, over the previous fiscal which stood at 8.4 million.
The market is dominated by motorcycles accounting for nearly 77-78 % of all sales, scooters sell around 15-16 %, and the rest by mopeds. With these heady numbers, India has emerged as a strong competitor to China , the largest two-wheeler market with 15 to 16 million bikes.
However, China’s electric two-wheeler market is another 10 million strong. In India , e-bike hasn’t taken off yet.
TVS Motor reported a 24 per cent growth in March this year. The company registered sales of 1.46 lakh units in March. Bajaj Auto today reported 85.12 percent jump in its motorcycle sales at 2,44,828 units in March. BAL attributed the growth to robust sales of Pulsar and Discover range of bikes.