According to recent reports most 2 wheeler dealers reported YoY uptick due to improved financing.
Royal Enfield and TVS displayed clear difference from Hero, Honda 2Ws and Bajaj Auto. RE/TVS clocked 5-10% YoY (30-50% MoM) retail growth without discounts unlike the rest.
This is an encouraging sign for RE/TVS as they were able to increase retails purely on pent-up demand and easier financing amid prolonged demand weakness.
Also, RE’s order booking exceeded retails, sowing seeds of demand revival; bulk of volume improvement was led by traditional portfolio and not the newly launched Bullet X/Classic S (~Rs10k lower).
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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