In contrast to FY23, two-wheeler exports from India jumped 35.4 per cent to 4.44 million units in 2021-22 (FY22). India’s largest two-wheeler exporter, Bajaj Auto, saw its exports decline 25.45 per cent to 1.64 million units in FY23, according to Siam data. TVS Motor saw its two-wheeler exports decline 16.06 per cent in FY23. While their sales outside India declined, Indian two-wheeler makers saw their domestic sales increase 16.88 per cent to 15.86 million units in FY23. Rajat Mahajan, partner, Deloitte India, said that the drop in two-wheeler exports may be explained by economic factors and FY22’s high baseline.

Source: The North Africa Journal April 14, 2023 09:24 UTC