Mumbai: The country's auto industry is in the grip of a slowdown these days. Cars and commercial vehicles have already been hit by it. Now, the two-wheelers have also been hit. Hero MotoCorp, the country's largest two-wheeler manufacturer, has reported a 21.18 percent drop in sales. In July last year, the company sold 6,79,862 two-wheelers. But in July this year, sales fell to 5,35,810 units. The company said in a statement on Friday that the slowdown in the first quarter continued in July.
The company believes that the remaining time of the year will largely depend on the monsoon situation or the sale of the festive season. Honda Motorcycles and Scooters (HMSI), on the other hand, also announced sales figures on Friday. The company's sales have registered a decline of 10.77 percent. In the month of July this year, the company was able to sell only 4,89,631 vehicles.
While HMSI sold 5,48,751 two-wheelers in July 2018. In addition, motorcycle manufacturer Royal Enfield's sales declined by 22 percent to 54,185 in July 2019. Last month, 69,063 motorcycles were sold. The company's sales in the domestic market have fallen by 27 percent. It has come down from 67,001 to 49,182. Bajaj Auto sales were down 13 percent and TVS sales by 15.27 percent.
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