Indian two-wheeler production and plant capacity analysis
Production reduced by economic slowdown and COVID-19, increase in exports and electric two-wheelers
India is the largest manufacturer of two-wheelers in the world.
At present two-wheeler production accounts for 80% of total automotive production in India. India two-wheeler producers have more than 25 million units of installed production capacity.
Vehicle production in India (FY2019-20)
|Vehicle production in India (FY2019-20)
(Source: Created by MarkLines based on
various press releases and sources)
Indian two-wheeler production/sales/export volume (Units)
The two-wheeler market is primarily comprised of the motorcycle and scooter segments. In the domestic market, two-wheeler industry production decreased to 21 million units in FY 2019-20 from 24.5 million in FY 2018-19. Domestic sales plunged by 18% to 17.4 million units, while exports were strong, increasing by 7.3% to 3.5 million.
Motorcycle sales in India are affected by increases in insurance premiums, the migration to new emissions norms, and poor economic conditions. During the last quarter of FY 2019-20, the industry suffered significantly from the Coronavirus pandemic, which resulted in a decrease in foot traffic to dealerships and economic uncertainty for most common people. Towards the end of March 2020, the Government of India announced the complete lockdown against the COVID-19 pandemic which resulted in the disruption of sales and production volumes and further adversely impacted the already declining two-wheeler market in India.
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