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GST cut, festival demand fuel two-wheeler sales boom in October

Hero, Honda lead record monthly sales as consumers snap up bikes

two wheeler, bikes
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Other standout months include November 2023 at 2.25 million units, November 2022 with 1.85 million, and November 2021 registering sales of 1.6 million two-wheelers.

Anjali Singh Mumbai
The two-wheeler market has roared back with the rollout of goods and services tax (GST) 2.0, with registrations in October soaring to 1.85 million units, so far — the highest monthly tally of the ongoing calendar year. The market, based on Vahan data, is on track to record one of the strongest monthly sales in recent years. 
This surge reflects a combined impact of GST rate rationalisation and the buoyant festival season, reinvigorating consumer sentiment across both urban and rural India. 
Vahan data shows monthly two-wheeler registrations jumping 43 per cent (as on October 23) from 1.29 million units in