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      Honda CB300R BS6, CB350 Anniversary Edition Launch On 4th Dec – IBW 2021

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      Image – Technical DocksHonda India is getting ready to launch two new motorcycles at the 2021 India Bike Week – CB300R BS6 and CB350 Anniversary Edition
      Last year, post the implementation of BS6 emission norms in India, Honda had discontinued the CB300R from their company lineup. Though there were rumours that the motorcycle was all set to be relaunched in BS6 avatar, it never materialized. Many customers continued their wait with bated breath.
      Honda CB300R BS6 Launch At IBW 2021
      After months of waiting, finally there is good news for CB300R fans. The motorcycle is all set to be launched in India on 4th Dec at the India Bike Week 2021. The event will take place in Aamby Valley near Lonavala in Maharashtra. Along with the CB300R, Honda will also launch special edition of the CB350, which has recently completed 1st year of sales in the country.
      Honda could use an updated version of the earlier 286cc liquid cooled, single cylinder engine. In its BS4 format, the engine was capable of generating 30 bhp of max power at 8,000 rpm and 27.4 Nm of max torque at 6,500 rpm.
      It is mated to a 6-speed transmission. Power and torque output of BS6 engine could be around the same range. Honda CB300R BS6 will come with disk brakes at both ends. Dual-channel ABS will be offered as standard.
      India Bike Week 2021 Official Schedule Day 1
      Honda CB300R in India
      As may be recalled, Honda CB300R was sold out in just a few months of its launch in 2019. In its BS4 format, the bike was imported as a CKD (Completely Knocked Down) product. Only a limited number of units were available for sale. It was offered at a starting price of Rs 2.41 lakh and sold via Honda’s Wing World outlets.
      Some reports had indicated that Honda could begin producing CB300R locally. But the bike was removed from the company’s website, as it was not updated to comply with BS6 emission norms. From that time, there’s no official word from Honda about CB300R.
      Yadvinder had said that Honda will begin local production of several of its existing motorcycles that are listed under premium category. This included one product under 500cc. At that time, the only product that matched the criteria was CB300R. Today, Honda has the CB350 and the CB350RS motorcycles which are locally manufactured. Not only that, these are also exported to other countries, including Japan.
      Honda CB300R
      Honda CB300R BS6 – Dealer dispatch
      Dealer dispatches of CB300R BS6 have already started, as per SIAM sales data. Over the last few months, Honda has dispatched a few units to their dealers across India. Though the motorcycles have not been spied yet. But that has been the case with Honda motorcycles. Honda is one of the few manufacturers who’s products are hardly spotted ahead of launch or debut.
      Earlier also, development of CB350 was kept tightly under wraps till the launch date. It was quite like a covert mission. Honda could be applying the same strategy for CB300R BS6 and the CB350 Anniversary Edition. Even now, the announcement about the launch has come from IBW organizers, and not Honda India.
      CB300R launch may be a pleasant surprise for fans. It may also be a strategy to catch rivals off guard. Considering that CB300R BS6 is locally produced, Honda could now offer the bike at a competitive price point. It could give tough competition to the likes of Bajaj Dominar, KTM 390 Duke and TVS Apache RR310. More

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      Pulsar, Platina, Boxer Helps Bajaj Become No 1 Motorcycle Maker – Nov 2021

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      New Bajaj Pulsar 250November 2021 sees Bajaj triumph as the largest motorcycle manufacturer (domestic + exports) in India
      It’s taken a long route to reach here but with groundwork laid strong, Bajaj is triumphant. The route taken isn’t traditional but the results count. India has an uncountable number of two-wheelers. Of them, the small cc mass market motorcycles make or break manufacturers. And for the longest time, Hero MotoCorp has dominated through this strategy.
      Bajaj in the meantime diversified, and found potential in overseas markets. And export numbers have continued to grow, while Bajaj’s domestic market sales have held steady. The combination has now had desired results.
      It also cements Bajaj’s global outreach and brings meaning to the brand’s quest to do business overseas. It beggars belief that other manufacturers haven’t yet realised the potential of overseas business resulting in export numbers that are marginal when compared to domestic sales.
      Bajaj Motorcycles Nov 2021
      Bajaj Auto reported 3.38 lakh motorcycles in total (Domestic and Export markets) sales in November 2021. In a month where the top-sellers in India, Hero MotoCorp and Honda 2Wheelers reported 40.89 percent, and 35.28 percent, respectively, the playing field was made level. And Bajaj has been catapaulted to top spot.

      No
      Brand
      Motorcycles Mfd Nov 2021

      1
      Bajaj
      3.38 lakh

      2
      Hero
      3.29 lakh

      3
      Honda
      2.8 lakh (incl scooters)

      4
      TVS
      1.4 lakh

      This despite the fact that Bajaj reported total sales decline of 12 percent in November 2021. At the end, it was enough. Best sellers for Bajaj in domestic market were Pulsar and Platina range while in exports it was the Boxer and Pulsar range that was in the lead.
      Exports hovered just under 2 lakh units at 1,93,520 units. This is miles ahead of of exports reported by Hero, Honda, and TVS. Bajaj reported domestic sales at 1,44,442 units for November 2021. Total motorcycle sales accounts for 3,37,962 units. Bajaj Chetak electric scooter is sold in the domestic market, of which 511 units are reported sold last month.
      Pulsar 100k monthly sales
      Through FY2022, global Pulsar sales has surpassed the 100K units a month milestone thrice. YTD monthly average of Pulsars sold is as high as 97k. In India, Bajaj Platina sales doubled despite a contracted market. This Bajaj attributes to its ‘strategy of offering differentiation in an otherwise commoditised 100cc segment’.
      This came about through teach and features. Exports have been robust with Nigeria, Egypt and Mexico markets reporting their highest ever Motorcycle retail sales. In Latin America, Bajaj Auto strengthened its sports segment leadership position.
      Rakesh Sharma, Executive Director, Bajaj Auto said, “To be the top manufacturer in the most challenging conditions is a true reflection of Bajaj Auto’s resilience and a consequence of our commitment to serve global customers through differentiated products and superior propositions. Our presence in over 70 countries has allowed us to deliver a steady performance despite the volatility in the environment.” More

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      Hero MotoCorp Sales Nov 2021 – Splendor, Passion, Pleasure, Destini

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      Image – Techno KhanHero MotoCorp sold a total of 3,49,393 two wheelers in the past month that includes both domestic sales as well as exports
      Even as Hero MotoCorp led the two wheeler segment in terms of sales in the past month, de-growth was reported across all segments. Hero MotoCorp, the largest two wheeler maker in India reported a 40.89 percent drop in total sales in November 2021. These sales were the company’s lowest in 7 years during the festive period.
      The company cites a range of reasons for this fall. It could be due to a delay in harvesting because of late withdrawal of monsoons across many parts of the country. This had an adverse effect on demand through the festive season.
      Hero MotoCorp Sales Nov 2021
      Hero MotoCorp has reported sales, that includes both domestic and exports at 3,49,393 units in November. This was against 5,19,091 units sold in November 2020 a difference of 2,41,698 units. Motorcycles sales dipped 39.20 percent to 3,29,185 units in the past month, down from 5,41,437 units sold in November 2020 but commanding a 94.22 percent share.
      The most popular models were the Splendor and HF Deluxe, which are also the company’s most affordable models. There was a greater fall in terms of scooter sales which fell 59.30 percent to 20,208 units, down from 49,654 units sold in November 2020 with a 5.78 percent share.
      Hero MotoCorp Sales Nov 2021
      Taking domestic sales into account for the past month, sales dipped to 3,28,862 units from 5,75,957 units sold in November 2020, a fall of 42.90 percent. Exports on the other hand increased 35.66 percent to 20,531 units, up from 15,134 units shipped in the same month of the previous year.
      Hero MotoCorp month-on-month sales also saw a deep decline both in terms of motorcycle and scooter sales. Total sales stood at 3,49,393 units in November 2021, down 36.24 percent over 5,47,970 units sold in October 2021, relating to a difference of 1,98,577 units. Motorcycle sales dipped 34.94 percent to 3,29,185 units last month from 5,05,957 units sold in October 2021. Scooter sales dipped 51.90 percent to 20,208 units, from 42,013 units sold in October 2021.
      MoM domestic sales dipped 37.69 percent to 3,28,862 units from 5,27,779 units sold in October 2021 while exports increased only marginally by 1.68 percent over 20,191 units sold in the October 2021 period. Best sellers from Hero includes the likes of Splendor, Glamour, Passion, Pleasure, Maestro, Destini, Xtreme, Xpulse, etc.
      Hero Motorcycle and Scooter – YTD Sales
      Sales also saw a de-growth in terms of year to date sales slipping 11 percent to 33,60,493 units from 37,75,890 units sold in the April to November 2020 period. Motorcycle sales dipped 10.12 percent to 31,28,883 units (34,0,990 units in October 2021) and scooter sales fell 21.46 percent to 2,31,610 units (2,94,900 units in October 2021).
      Domestic sales were down 14.01 percent to 31,63,155 units in the YTD period over 36,78,348 units sold in the same period of the previous year. Exports on the other hand increased 102.31 percent to 1,97,338 units in the April to November 2021 period over 97,542 units shipped in the same period last year.
      In urban markets, sales were also impacted due to delays in opening of schools and colleges, job losses and salary cuts along with an extended work from home policy. However, with increased farm activity, the marriage season, efficient vaccine response and a boost to consumer sentiments, sales through the end of Q4 2021 period could finish on a more positive note. Hero MotoCorp is set to launch its first electric scooter by March 2022, under VIDA Brand. More

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      Honda 2W Sales Nov 2021 – Activa, CB Shine, CB350, Dio, Grazia

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      New Honda ActivaHonda 2Wheelers sees domestic sales fall by about 38 percent in November 2021; exports growth reported
      In November 2021, Honda 2W reported domestic sales decline at 37.92 percent. Sales fell to 2,56,170 units, down from 4,12,641 units. Domestic sales accounted for 91.36 percent of total sales for the month. Leading two wheelers from Honda include their best seller Activa range, Dio, Grazia, CB Shine, Livo, Dream, Unicorn, CB350, etc.
      While domestic sales fell by almost 38 percent, at 1,56,471 volume loss, exports gained in momentum. Growth is reported at 17.73 percent. Exports rose to 24,211 units, up from 20,565 units at volume growth of 3,646 units.
      Honda 2W Sales Nov 2021
      Total sales is down at 2,80,381 units. YoY sales fell from 4,33,206 units at 35.28 percent decline. Volume loss stood at 1,52,825 units. Honda two wheeler sales was in fact less than what TVS sold last month. And Bajaj two wheeler total sales was even more than TVS.
      MoM sales was reported at decline on all fronts in the range of 35 percent. Domestic sales fell from 3,94,623 units at volume loss of 1,38,453 units. Exports fell from 37,584 units at volume loss of 13,373 units. Total sales fell from 4,32,207 units at volume loss of 1,51,826 units.
      Honda Two Wheeler Sales Nov 2021
      Chip shortage challenge
      Honda 2Wheelers enjoys a dominant position in India, largely on the back of its Activa scooter. The company is now expanding its scope in the bigger segment. In a year since launch, Honda reported sales at 30k units for its 350cc offerings, Honda CB350 and CB350RS. This is a segment, Honda is keen on, and to reach a wider audience, HMSI is now expanding its BigWing retail store network at quick pace.
      Honda sells its 350cc units from BigWing stores. Apart from the newer entry level motorcycles, BigWing dealerships are charged with CB500X, CBR650R, CB650R, CBR1000RR-R Fireblade, and Fireblade SP, Africa Twin Adventure Sports and Gold Wing Tour. But none of the big movers were able to speed up the BigWing network expansion as quickly as the 350cc offerings.
      Yadvinder Singh Guleria, Director, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Adding to the supply side challenge of chip shortage in the recent past and a subdued festive season, low market sentiments have continued to prevail in the month of November. However, we are expecting some revival in market sentiments by last quarter of FY’21-22.”
      Auto industry disruptions
      It goes without saying that it’s now been 20 months that the auto industry has been grappling with uncertainty and disruptions. Following two waves of Covid-19 lockdown restrictions, the global auto industry had to put up with a chips shortage. As such, it’s easy to see why companies are reporting lower dispatches.
      Production output is being continually revised to cope with reduced chips procurement. While demand is stable, and production is optimised as best as possible, production output is currently disrupted. More

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      Royal Enfield Sales Nov 2021 – Classic 350, Meteor, Himalayan, 650 Twins

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      Image for reference.Royal Enfield reports domestic sales decline by about a quarter in November 2021; exports grow by 30.55 percent
      Royal Enfield’s sales across segments through November 2021 has been a mixed bag. While YoY sales is reported at a decline, MoM trends were far more favourable. Last month, its largest segment (350cc) saw sales pegged at 43,346 units. Sales fell by almost a quarter at 24.51 percent. In this segment, RE sells Bullet, Classic, Meteor and Electra.
      Volume loss stood at just over 14k units down from 57,418 units. Segment sales accounted for about 84 percent of total sales. The segment above 350cc saw sales growth. Sales is reported at 8,308 units, up from 6,364 units. Volume gain stood at 1,944 units at 30.55 percent growth. In this segment, RE sells Himalayan and the 650 Twins.
      Royal Enfield Sales Nov 2021
      Domestic sales was reported at 44,830 units at 24.12 percent decline. Wholesales fell from 59k units at 14,254 units volume loss. For Royal Enfield, domestic sales accounted for about 87 percent of total sales last months.
      Exports stood at 6,824 units, up from 4.7k units. Sales growth is reported at 45.25 percent at volume gain of 2,126 units. Total sales fell to 51,654 units, down from 63,782 units. Volume loss stood at 12,128 units at 19 percent sales decline.
      Royal Enfield Sales Nov 2021
      MoM sales for the 350cc segment is reported at 15.87 percent MoM growth. Volume gain stood at just under 6k units,up from 37,409 units sold in October 2021. Growth in the above 350cc segment was even higher at 23.56 percent. Volume gain stood at 1,584 units, up from 6,724 units.
      MoM domestic sales growth is reported at 10.39 percent. Volume gain stood at 4,219 units up from 40,611 units. Exports grew from 3,522 units at volume growth of 3,302 units at 93.75 percent. Total sales growth is reported at 17.04 percent. Volume growth stood at 7.5k units, up from 44,133 units.
      YTD FY22 sales
      YTD FY22 sales for the last 8 months is more or less flat. Sales growth stands at 1 percent at 3,42,854 units, up from 3,38,461 units. Volume variance for the period is at about 4.4k units. For the same period, 350cc segment sales decline is reported at 6 percent at 2,88,956 units, down from 3,07,203 units.
      Royal Enfield YTD Sales Nov 2021
      The segment exceeding 350cc capacity has so far reported at 72 percent growth. Sales is up at 53,898 units, up from 31,258 units. YTD exports have more than doubled at 47,143 units, up from 20,174 units at 134 percent growth. Domestic sals for the same eriod fell by 7 percent, down to 2,95,711 units from 3,18,577 units.
      Last month, Royal Enfield showcased the 120 year anniversary edition for its 650 twins, Interceptor 650 and Continental GT 650. Production is limited to 480 units with 120 units to be distributed in India, Europe, Americas and South East Asia each. More

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      2022 Yamaha R15 V4 Launched In Indonesia – New White Colour Option

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      2022 Yamaha R15 V4 launchedIndia was the first country which got the new generation of the R15 V4 – It has now been launched in Indonesia with updates
      Back in Sep 2021, Yamaha Motor India launched three sporty offerings in the 155cc segments, that include the New R15 V4, R15M and Aerox 155. After India, Yamaha has now launched the sporty new R15 V4 and the R15M in Indonesia.
      In India, these are priced in the range of Rs 1.71 lakh to Rs 1.83 lakh, ex-sh. In Indonesia, prices start from 38.9 million IDR for R15 V4 to 43.5 million IDR for the R15M. This when converted to Indian currency, is about Rs 2.03 lakh to Rs 2.27 lakh.
      2022 Yamaha R15 V4 and R15M
      In Indonesia, these new R15 155cc motorcycles are launched as 2022 models. A total of four colours are on offer. These are White (The racing blood of Yamaha), Silver (R15M), Black and Icon Blue. Features on offer are similar to the India-spec R15 V4 and R15M. Unlike India, which also has the R15S on offer, no such motorcycle has been launched yet in Indonesia.
      The new R15 borrows inspiration from its larger R7 middle-weight supersport counterpart. It gets a completely new front fascia, new body graphics, a muscular fuel tank and a redesigned visor. New fairing, exhausts and colour options are also a part of its makeover.
      2022 Yamaha R15 V4 Black Colour
      The new Yamaha R15M is sportier than the R15 V4. Both get an instrument cluster with fully digital LCD instrument console enabled by Yamaha’s Y-Connect connectivity feature and Bluetooth connectivity. It sports LED headlight and tail lamps along with LED DRLs as against its outgoing model that received dual beam headlamps, and will ride on wide rear radial tyres with coloured alloy wheels.
      2022 Yamaha R15 V4 launched
      Added features on the new Yamaha R15 V4 and R15M also includes an engine cut-off switch. In India, the R15 V4 is presented in three colours of Racing Blue, Dark Knight, and Metallic Red while R15M gets Metallic Grey colour, and the R15M Monster Energy Yamaha MotoGP Edition has also been launched with MotoGP branding.
      Yamaha R15 V4, R15M – Engine Specs
      Sharing the same engine lineup, Yamaha R15 V4 and R15M get a 155cc, single cylinder, liquid cooled engine with fuel injection technology. The engine makes 18.6 hp power and 14.1 Nm torque mated to a 6 speed manual gearbox.
      It also receives Yamaha’s VVA or Variable Valve Actuation technology. Suspension is via USD or upside down fork in the front and monoshock absorbers at the rear. Braking is via with disc brakes on both ends with dual channel ABS as standard. Yamaha R15 V4 rivals the KTM RC200, RC125 and the Gixxer SF. More

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      2022 KTM 390 Adventure, 250 ADV Debuts – New Updates, Colours

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      2022 KTM 390 Adventure and 250 Adventure – New coloursKTM has given the first update to their 250 Adventure and 390 Adventure – Two years after they made global debut
      KTM unveiled their 390 Adventure back at the 2019 EICMA. Just a few months before the world grappled into the claws of Covid-19 pandemic. India was one of the first country in the world where this new motorcycle was launched, in Jan 2020. Later in Nov 2020, India also got the 250 Adventure motorcycle.
      Both these motorcycles, like the Duke and RC siblings, are made by Bajaj Auto at their plant near Pune in Maharashtra. From here, these motorcycles are not only made for local demand, but also for exports. Despite of spending most of its time under the existence of the corona virus, KTM has managed to give an update to the two motorcycles.
      2022 KTM 250 ADV
      Ever since launch, demand for the KTM 390 ADV has been high. Like others, KTM too has been struggling to meet demand, largely due to shortage of parts. In Sep 2021, KTM 390 (RC + Duke + ADV) sales stood at 373 units in India, while 893 units were exported. In Oct, domestic sales increased to 1,171 units while exports were at 1,154 units.
      2022 KTM 390 Adventure – Updates
      With the global automotive parts shortage expected to end in the coming months, KTM has given an update to their adventure motorcycles. Updates have been dished out for 1290 Super Adventure S, 1290 Super Adventure R, 390 Adventure and 250 Adventure.
      2022 KTM 390 ADV
      Speaking about the updates on board the 2022 390 ADV, KTM says that the motorcycle now comes with a more free-roaming spirit of adventure. Apart from getting fresh look with new colour options, its electronic features have also been amplified. Features added on 390 ADV for 2022 include two new traction control modes – Street and Offroad. These new modes will automatically adjust degree of rear wheel slip, helping rider to better control in loose or wet terrain.
      2022 KTM 390 ADV
      Many KTM 390 Adv owners had complained that in the event of a brief stall or fall during off-roading, the traction control system used to reset. This made it difficult for riders, as they had to again dial back the old settings and that too during an ongoing off-road session. This has now been fixed. KTM says that the updated 2022 390 Adventure will allow riders to continue with the Offroad traction mode in the event of brief stall or fall.
      Another change delivered to the 390 Adventure, are its alloys. Instead of 12 spokes seen on the current motorcycle, the new 2022 models will come with 10 spokes. KTM says this increases the stiffness and the resistance for the rims, making them even more durable on tough terrains. Two new colour options have been – Black with Orange accents and Orange with Blue accents. The blue is the same shade which is seen on the new gen RC 390.
      2022 KTM 250 ADV
      2022 KTM 250 Adventure – Updates
      Like the KTM 390 ADV, the 250 ADV has also been updated to the new alloys. It now gets 10 spokes, instead of the 12 spokes in current model. Colours have also been updated. Two colours on offer are – Orange with White accents, Blue with White accents.
      There have been no change made to the engine specs. Both 2022 KTM 390 ADV and 250 ADV continue to be powered by the same engine as current one. 390 ADV is powered by a single cylinder 373cc motor, delivering 43.5 PS power and 37 Nm torque. 250 ADV is powered by 248cc motor delivering 30 PS power and 24 Nm torque.
      Remaining list of features continues to be the same for both motorcycles as before. This includes LED headlight, LED taillight, digital instrument cluster with bluetooth capabilities, dual ABS, quick shifter, etc. More

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      TVS Motor Sales Nov 2021 – Apache, Jupiter, Ntorq, Raider, XL100

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      Image – Deepak Rao VlogsTVS Motor Company registers sales of 272,693 units in November 2021, down 15.50 percent YoY
      TVS Motor Company has recorded a dip in sales in November 2021. YoY sales dipped 15.50 percent to 2,72,693 units as against sales of 3,22,709 units sold in November 2020 relating to a 50,016 unit difference. MoM total sales dipped 23.19 percent over 3,55,033 units sold in October 2021.
      TVS Motor Sales Nov 2021 – Motorcycles, Scooters
      De-growth was reported in the scooter and moped segments while motorcycle sales increased YoY. Motorcycle sales stood at 1,40,097 units in the past month, up 4.92 percent as against 1,33,531 units sold in November 2020. Share stood at 54.33 percent, up from 50.47 percent held in October 2021. MoM sales of motorcycles dipped 18.72 percent over 1,72,361 units sold in October 2021.
      TVS motorcycle range includes Apache, Raider, Radeon, Star City and Sport. The updated Apache RTR 200 4V has just been launched in this segment and is priced at Rs 1,33,840 for the base single-channel ABS variants and at Rs 1,38,890 for the dual-channel ABS variant.
      Scooter sales dipped 29.36 percent to 75,022 units last month, down from 1,06,196 units sold in November 2020 with a percentage share of 29.09. MoM scooter sales also fell 33.68 percent as against 1,13,124 units sold in October 2021 when share percentage stood at 33.12. In the month of October 2021, TVS Jupiter scooter had been the country’s second best-selling scooter after the Activa. Ntorq, Pep+ and Zest also added to TVS scooter sales in Nov 2021.
      TVS Motor Sales Nov 2021 vs Nov 2020 (YoY)
      Taking XL 100 moped sales into account, a 40.46 percent de-growth was reported to 42,744 units last month. This was against 71,792 units sold in November 2020. MoM moped sales also dipped 23.71 percent over 56,028 units sold in October 2021.
      This took two wheeler domestic sales to 1,75,940 units in November 2021, down 29 percent over 2,47,789 units sold in November 2020 and down 32.01 percent over 2,58,777 units sold in October 2021. Exports of two wheeler on the other hand increased 28.55 percent YoY to 81,923 units while MoM exports remained flat over 82,736 units shipped in October 2021. TVS Star City, Apache, Raider and Victor were much in demand in global markets.
      TVS Motor Sales Nov 2021 – Three wheeler Sales and Exports
      TVS Motor Company has seen three wheeler domestic sales dip 10.99 percent YoY to 753 units from 846 units sold in November 2020 while MoM sales dipped 29.30 percent over 1,065 units sold in October 2021. Exports on the other hand grew 36.09 percent YoY to 14,077 units, up from 10,344 units sold in global markets in November 2020. Shipments on a MoM basis increased 13.02 percent over 12,455 units shipped in October 2021.
      TVS Motor Sales Nov 2021 vs Oct 2021 (MoM)
      Three wheeler total sales thereby stood at 14,380 units in November 2021, 32.53 percent over 11,190 units sold in November 2020. MoM sales also increased 9.69 percent over 13,520 units sold in October 2021.
      Total two and three wheeler sales suffered a de-growth of 15.50 percent YoY to 2,72,693 units over 3,22,709 units sold in November 2020. Total MoM sales also dipped 23.19 percent over 3,55,033 units sold in October 2021.
      TVS Motor Company has plans to launch multiple new EVs both in the two and three wheeler space. The company currently only has the iQube electric scooter in this space that competes with the Ather 450X and Bajaj Chetak. The company plans an investment of Rs 1,200 crore in Tamil Nadu in Future Technologies and Electric Vehicles over the next four years. More