Indian two-wheeler production and plant capacity analysis

24.5 million units produced in FY2018-19, eMobility in the early stages

2019/06/11

Summary
Analysis of Indian Two-Wheeler Production
Hero MotoCorp Ltd.
Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI)
Bajaj Auto Ltd.
TVS Motor Company
India Yamaha Motor Ltd.
Suzuki Motorcycle India Private Limited (SMIPL)
Piaggio Vehicles Pvt. Ltd. (PVPL)
Mahindra Two Wheelers Ltd.
Electric Two-Wheeler Market and Major Player
Premium Two-wheeler

Summary

India is the largest manufacturer of two wheelers in the world. The two-wheeler market primarily consists of motorcycle and scooter segments. In the domestic market, two-wheeler industry production grew from 23.2 million units in 2017-18 to 24.5 million units in 2018-19.

At present two-wheeler production accounts for 80% of total production of automobiles in India. Indian two-wheeler manufacturers have more than 25 million installed capacity. The increase in per capita income levels, high fuel efficiency, easy financing options, final mile delivery for the e-commerce sector, government policy for farmers and preference of two-wheeler in eMobility will further boost two-wheeler sales in India. Two wheeler production is expected to grow to 50.6 million units annually by 2026.

Vehicle production in India (FY2018-19)

Vehicle production in India (FY2018-19)
(Source: Created by MarkLines using information provided by various announcements and sources)

Category	Unit production (thousands)
Two-Wheeler	24,503
Passenger Vehicles	4,026
Three-Wheeler	1,268
Commercial Vehicles	1,112

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