Although the entry-level two-wheeler phase remains to be going through headwinds because of excessive possession prices, gross sales of premium fashions, which embrace bikes with engine capability of over 500 cc, are catching up with the pre-Covid, 2019 ranges.
During the January-May interval of CY22, 10,076 items of premium two-wheelers had been offered, with the month-to-month common being 2,015 items. In 2019, this phase had month-to-month volumes of two,135 items, with whole gross sales in the course of the calendar yr at 25,621 items, at 2,135 items a month.
The yr 2019 was top-of-the-line for the premium phase up to now couple of years.While the life-style product classes bought an sudden enhance after the pandemic, the build-up of disposable earnings is a giant cause for traction within the premium two-wheeler phase, sector specialists advised FE.
The phase gives bikes from firms like India Kawasaki Motors, Triumph Motorcycles India, Suzuki Motorcycle India, Honda Motorcycle & Scooter India and Royal Enfield. Besides, Harley-Davidson bikes are offered by Hero MotoCorp within the Indian market.
“The demand for premium two-wheelers is increasing as disposable income per capita rises. With the growing popularity of superbike clubs and communities playing a key role, more and more global brands such as Kawasaki, Triumph, Suzuki, Honda, etc are introducing premium collections in the segment,” stated Abhishek Maiti, director, aggressive intelligence, PGA Labs, including that because of easing of Covid-19 restrictions, motorcyclists can now journey everywhere in the nation, which has helped the expansion.
However, specialists consider that the semiconductor scarcity, which has impacted the automotive trade globally, may hamper the expansion of the premium two-wheeler phase.PGA Labs’ Maiti stated that the pattern of semiconductors being in brief provide is more likely to persist till the tip of the yr and can doubtless have an effect on the phase’s progress till then.
“The semiconductor issue is sparing no vehicle segment, so this segment will also be impacted. But the waiting times may not be as long as that for the commuter and mass segments, as OEMs will prioritise the high-margin premium products over others,” stated Suraj Ghosh, director, mobility, S&P Global.
Source: www.financialexpress.com”