2W exports turn positive after 2 years, Bajaj Auto registers highest export growth: SIAM data

With the revival in demand in international markets, two -wheeled exports of India saw a two -digit rebirth in the 2015 fiscal year. The Bajaj car, based in Pune, registered the greatest growth in exports to 13.31 percent, according to the data of the Indian car manufacturers (SIAM).

A 21.4 percent growth was recorded with 41,97,517 two -wheeled vehicles exported in fiscal year 2015, compared to 34.58,416 two -wheeled vehicles exported in fiscal year 2014.

According to Siam statistics, the total number of two -wheeled exports in fiscal year 23 decreased by 17.80 percent, while in fiscal year24, exports decreased by 5.3 percent. The data reveal that the TVs exported 10.89,748 units, while Hero exported 2,89,668 two wheels in fiscal year 2015.

Automobile experts have indicated that the increase in exports can be attributed to the budgeted products portfolio offered by the manufacturers of original Indian equipment (OEM).

“The strong increase in two -wheeled exports shows that demand is being bouncing in key markets such as Africa and Latin America. Indian manufacturers are doing well worldwide, especially in the entry level and nearby segments, and strong networks of their undalde,” said Nikhil Dhaka, vice president, Primus Partners, he said, he said to Nikhil Partners. Business line.

The Indian OEMs in 2024 increased their focus on expansion in new international markets for two -wheeled export. They changed their approach from Colombia, Nigeria, Philippines, Mexico, Sri Lanka, Bangladesh, Egypt and Nepal. In addition, the OEMs also witnessed the recovery of exports in Asia in fiscal year 2015.

Bajaj Auto, who recorded most exports had indicated that the export impulse will continue.

“In the domestic market, the short -term perspective, that the industry will be between 6 and 8 percent, and the 125cc+ segment will continue to grow. Currently, the 125cc+ segment grows twice the rate. Recovery and returned to 500,000 units after months.

Fy26 exports growth

Two -wheeled exports will grow even more in fiscal year26 and it is expected to reach the entire peak of time.

Rohan Kanwar Gupta, vice president and head of the sector, Corporate Ratings, Icra Limited said“Around fiscal year2023-FY2024, winds against inflation global forced several central banks to increase their interest rate. High inflation, together with higher financing rates, eroded the purchasing power of customers and restricted export volumes for Indian for Indian.”