Wednesday, May 22, 2024
HomeNEWSINTERNATIONALIndian recovery accelerates

Indian recovery accelerates

Latest estimates from India’s enormous motorcycle and scooter industry indicate that domestic sales volume during its past fiscal year to 31 March 2024 rose by 13% to approximately 18.5 million units – beating pre-Covid levels. And most pointedly, petrolhead products still comprised around 95% of total sales at roughly 17.5 million. On the back of these figures, market-leading Hero MotoCorp’s chief executive Niranjan Gupta said the industry should see double-digit revenue growth in the new fiscal year.

There are also signs that Indian PTW manufacturers have begun to hedge their bets on unbridled commitment to fossil-free electrification. Royal Enfield has just chosen a move towards the carbon-neutral route, unveiling a “flexfuel” variant of its Classic 350 model. This is engineered to run on up to 85% bio-ethanol derived from sugar cane. Several other manufacturers have already launched models running on E20, with a 20% bio-ethanol reliance.

Meanwhile, Triumph and KTM associate Bajaj Auto, the third-largest indigenous Indian bike producer, has hit on a different wizard wheeze to reduce running costs and carbon content for entry-level customers. It plans to launch the world’s first motorcycle fuelled by compressed natural gas (CNG). Bajaj apparently acquired the necessary experience through developing three-wheeled utility vehicles and auto-rickshaws powered by CNG. Whether the gas involved comes from non-fossil sources is unclear.

RELATED ARTICLES

Product News

Great start to the season for H&H Auctions

The National Motorcycle Museum’s auction partner, H&H Classics, had a strong first sale of the season at the end of March, with more than...