Honda Motorcycle and Scooter India, Hero MotoCorp , Bajaj Auto, as well as TVS Motor Company have recorded worrisome sales in November 2021 as compared to the same time last year. Here are more details.
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The shortage of semiconductors has been an issue for several months now. The two-wheelers industry in India had sold 14,77,313 units in October 2021 as compared to 19,85,690 units in October 2020, recording a 26% year-on-year drop in sales. The trend continued to exist even in November and may not improve in the coming months.
Brand #1 Bajaj Auto recorded 12% drop in sales
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