March 2021 turned out to be an encouraging month for carmakers as almost every prominent car manufacturer reported a substantial year on year growth. This was expected considering that sales took a downfall in March last year because of the COVID-19 pandemic and subsequent nationwide lockdown. However, some companies like Maruti Suzuki even reported a sales growth as compared to March 2019, signalling an impending revival of the automobile industry. This upward trend has also been reflected by two-wheeler sales. Hero MotoCorp, India's largest two-wheeler manufacturer, reported a 72 per cent sales growth, from 3,34,647 units in March 2020 to 5,76,957 units last month. The company even registered significant growth in global business by selling 32,617 units last month as opposed to 17,962 units in March 2020, marking an 82 per cent sales growth.
Overall, however, Hero MotoCorp sold 57,91,539 units of two-wheelers in the fiscal year 2020 - 202 which is 9.64 per cent less than sales recorded in FY 2019 - 2020. Royal Enfield also reported significant sales growth last month. The Chennai-based two-wheeler maker sold 60,173 units in comparison to 32,630 units in March 2020, marking an impressive 84.41 per cent sales growth.
Joining the league of two-wheeler brands with positive sales growth is TVS Motor Company which sold 2,02,155 units in March 2021 as against 94,103 units in March 2020, marking a 114.82 per cent sales growth. Its motorcycle sales grew by 136 per cent, from 66,673 units in March 2020 to 1,57,294 units in March 2021. And as for scooters, TVS sold 1,04,513 units in March 2021 as against 34,191 units in March, marking a staggering 206 per cent sales growth.