Unsold stock piles up at two-wheeler sales channels amid weak demand

As a result, unsold inventory at the sales channels across Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor and Bajaj Auto have risen from the average 40-45 up to 75 days.

The approaching festival season is unlikely to bring any cheer to two-wheeler manufacturers, grappling with weak demand and rising costs for two years on the trot. Worst affected by the pandemic, this segment has not been able to ride out the Covid-19 blues, and recovery has been patchy at best.

Shuttered educational institutions and restricted movement have dented the world's largest market for such vehicles. As a result, unsold inventory at the sales channels across Hero MotoCorp, Honda Motorcycle and Scooter India (HMSI), TVS Motor, and Bajaj Auto have risen from an average 40-45 days to up to 75