As economic activity ramps up, spending on two-wheelers is up. Since the peak of India's second Covid-19 wave, two-wheeler wholesales rose by nearly 82%.
However, the increase is not consistent across two-wheeler makers. For the market leader Hero MotoCorp, two-wheeler wholesales fell consecutively in July and August. But Bajaj Auto, TVS Motor Company, and Eicher Motors' Royal Enfield saw wholesales rise between May and August 2021.
