According to a recently released report, two-wheeler exports from India grew by 19.49 per cent in the April-January period (FY19), with 27,59,935 units exported across the globe, reports The Hindu BusinessLine.
On the other hand, 23,09,805 units were exported last year in the corresponding period. The report was released by Society of Indian Automobile Manufacturers (SIAM), India’s apex auto industry body.
Motorcycles and scooters contributed to most of the motorcycle exports from India. Increase in exports was driven by better economic prospects in countries of Africa and Latin America.
Bajaj Auto accounted for the largest share of exports, with 14,50,766 units. It was followed by TVS Motor (5,04,799 units) and Honda (3,25,759 units) respectively.
However, domestic sales of motorcycles in India grew at a slow pace of 8.07 per cent in the April-January period. While 1,81,25,656 units were sold in the April-January period of FY19, as many as 1,67,71,630 units were sold last year in the corresponding period.
Electric Motorcycles On The Rise
Though e-car sales fell by 40 per cent in FY18, the sales of electric two-wheelers have been increasing in India. While 20,000 units were sold in FY16, more than 23,000 units were sold in FY17. A SIAM report also stated that as of March 2018, as many as 56,000 electric vehicles are on the roads in the country, with 97 per cent of the share held by electric scooters.