Although the entry-level two-wheeler section is nevertheless dealing with headwinds due to excessive possession costs, the income of top-class models, which encompass bikes with engine capacity of over five hundred cc, are catching up with the pre-Covid, 2019 levels.
During the January-May length of CY22, 10,076 devices of top-class two-wheelers had been sold, with the month-to-month common being 2,015 units. In 2019, this phase had month-to-month volumes of 2,135 units, with complete income at some point of the calendar yr at 25,621 units, at 2,135 devices a month.
The yr 2019 used to be one of the high-quality for the top-class section in a previous couple of years. While the way of life product classes obtained a sudden increase after the pandemic, the build-up of disposable earnings is a huge cause for traction in the top rate two-wheeler segment, region specialists instructed FE.
The section provides bikes from agencies like India Kawasaki Motors, Triumph Motorcycles India, Suzuki Motorcycle India, Honda Motorcycle & Scooter India, and Royal Enfield. Besides, Harley-Davidson bikes are bought by way of Hero MotoCorp in the Indian market.
“The demand for top-rate two-wheelers is growing as disposable earnings per capita rise. With the developing reputation of superbike golf equipment and communities enjoying a key role, greater and greater international manufacturers such as Kawasaki, Triumph, Suzuki, Honda, and so forth are introducing top-class collections in the segment,” stated Abhishek Maiti, director, aggressive intelligence, PGA Labs, including that due to easing of Covid-19 restrictions, motorcyclists can now tour all over the country, which has helped the growth.
However, professionals accept as true that the semiconductor shortage, which has impacted the automobile enterprise globally, would possibly bog down the increase of the top-class two-wheeler segment.PGA Labs’ Maiti stated that the style of semiconductors being in quick furnish is probable to persist till the stop of the yr and will possibly have an effect on on the segment’s increase till then.
“The semiconductor trouble is sparing no car segment, so this phase will additionally be impacted. But the ready instances may additionally now not be as long as that for the commuter and mass segments, as OEMs will prioritize the high-margin top class merchandise over others,” stated Suraj Ghosh, director, mobility, S&P Global.