Top 10 two wheeler company in India 2021

India is the second-most populous country in the world and has a sizeable chunk of the middle and low-income population. The penetration of motorcycles and scooters in India remains low at ~110 per 1000 people vs. an average of ~240 in Southeast Asian countries, hence the untapped potential in the country is huge.

With an aim to encourage eco-friendly operations, the government introduced Bharat Stage IV (BS-IV) emission standards for vehicles in 2017. It later became mandatory for all automotive companies to sell and register only BS-VI compliant vehicles, starting April 1, 2020, ahead of any other country in the world. India led the adoption of low emission motorcycles and scooters across the world.

Due to supply chain disruptions, reverse migration of labor, and subdued demand after the Covid-19 outbreak, the motorcycles, and scooters industry was adversely impacted at the beginning of FY 2020-21.

The Indian electric scooter and motorcycle market had been severely impacted after the shutdown of manufacturing
plants during the lockdown. In addition, the supply of electric vehicle components from China was also disrupted.

I. Hero MotoCorp Ltd

• Founded: 1983
• Headquarter: New Delhi (India)
• Brand: HERO
• Listed in NSE, BSE Exchange: HEROMOTOCO,
• Industry: MOTOR CYCLES/SCOOTERS

Hero MotoCorp Profile:

Hero MotoCorp Limited (HMCL) is the world’s largest manufacturer of two wheeler company With a presence in over 40 countries across the globe.

Two wheeler company of Hero performance in the segment are:

• Hero MotoCorp continues to be the market leader in the entry segment (68% market share) with its efficient and affordable product offerings.
• With a 9% growth of market share, in the deluxe 100-110cc segment
• In the 125cc segment, the Company has a market share of 41%

Hero MotoCorp new collaboration with Harley-Davidson Inc is a famous and popular two-wheeler company with the iconic motorcycle manufacturer -marks a significant step towards enriching the mobility experience for riders. As per the distribution partnership.

Hero MotoCorp has commenced the sale and service of Harley-Davidson motorcycles in India through a network of brand-exclusive Harley-Davidson dealers.

Hero MotoCorp also sells Harley Davidson Parts & Accessories, General Merchandise riding gear, and apparel. As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name.

The hero motocorp will also be launching the first Electric Vehicle (EV) within the FY 2021-22.

Hero MotoCorp Manufacturing Units:

Today, Hero MotoCrop a famous two wheeler company to retain the position in the top has eight world-class, state-of-the-art manufacturing plants including six in India and one each in Colombia and Bangladesh.

They have regularly invested in these facilities for capacity expansion, innovative processes, and automation to support long-term profitable growth.

• In Dharuhera, India with the capacity of 2.1 million units
• In Gurgaon, India with the capacity of 2.1 million units
• In Haridwar, India with the capacity of 2.7 million units
• In Neemrana, India with the capacity of 0.8 million units
• In Halol, India with the capacity of 1.2 million units
• In Chittoor, India with the capacity of 0.4 million units
• In Columbia with the capacity of 0.08 million units
• In Bangladesh with the capacity of 0.15 million units

Hero has 2 Research and Development

• Centre of innovation and technology, Jaipur
• Hero Tech Center, Germany

For R&D, the Hero moto crop followed a 5C approach – Care, Connect, Capability, Collective Conscience, and Community Service. For the best class of product in a two-wheeler company Hero, R&D takes its responsibility

In R&D Hero Motocorp has invested 540 crores in FY21

Hero Motocrop Financial analysis:

• Revenue from operation: 30,959.19 crores
• Profit before tax: 3,849.32 crores
• Profit of the year FY21: 2,936.05 crores

The key ratio for the Hero Motocorp

• Debts equity ratio: 0.0
• Earnings per share: 148
• Dividend per share: 105
• Current Ratio: 0.78
• Cash Cycle-17.05
• Return On Average Equity (ROAE) (%): 20.21

II. Honda Motorcycle & Scooter India Pvt. Ltd

• Founded: 2001
• Headquarter in India: Gurugram, Haryana
• Listed in TYO Exchange: 7267
• Brand: Honda

Honda motorcycle & scooter India Profile:

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the only Honda in the Indian two Wheeler company is the 100% subsidiary of Honda Motor Company Ltd., Japan.  one of the youngest players in the Indian two-wheelers market.

Honda’s consistency in providing high-quality products and services has won the hearts of over 48 million happy Indian customers and catapulted HMSI to become India’s 2nd largest two-wheeler company.

Honda gave a new life to the scooter segment and stays strong as India’s favorite scooter even 20 years on. And today, Honda provides pure Joy of Riding to customers through its diverse portfolio of two-wheelers.

 scooters that merge the best of technology with convenience; from fun-to-ride dynamic sports models to iconic global legends for discerning enthusiasts

Honda Motorcycle & Scooter India manufacturing plants:

•  Manesar (Haryana)
•  Tapukara (Dist. Alwar, Rajasthan)
•  Narsapura ( Karnataka)
• Vithalapur (Gujarat)
• Two wheeler company of Honda India has production capacity nearly 10 Million Units

Honda India R&D located in Haryana Specifically and constantly sharpens its insight into the future and will continue to act as Honda’s driving force through creating technologies and products to bring joy to customers around the world.

Total demand for motorcycles in India, the largest market within Asia, decreased around 24% from the previous year to
approximately 14,110 thousand units in the calendar year 2020.

Honda’s consolidated unit sales in Asia were 8,451 thousand units in the fiscal year 2021, a decrease by 18.3% from the previous fiscal year, mainly due to decreases in sales units of the Activa model series in India and the Wave and Air Blade model series in Vietnam.

III. TVS Motor Company

• Founded: 1911
• Headquarter: Chennai, Tamilnadu
• Listed in NSE, BSE Exchange: TVSMOTOR, 532343 
• Brand: TVS

TVS Motor Company Profile:

TVS Motor Company is the third-largest two wheeler company in India and also the 2nd largest exporter in India with exports to over 60 Countries.

TVS has a strategic partnership with BMW Motorrad is world popular two-wheeler company and passenger vehicle to develop and manufacture sub-500cc bikes both for domestic and global markets. The Company has produced 83,592 units of BMW 310cc motorcycles to date.

TVS Group has also manufacturing auto compounds, motors, and tires. In Two wheeler tires, TVS Srichakra is one of India’s largest manufacturers and exporters in India. In aaraichikuripukal TVS Srichakra has placed top 5 positions in the tire Industries

TVS Motor Manufacturing units in India

TVS Motor has 3 Manufacturing plants they are,

• Hosur in Tamil Nadu,
• Mysore in Karnataka and
• Nalagarh in Himachal Pradesh
• Two wheeler company of TVS company has the production capacity nearly 4.95 Million Units

TVS R&D

TVS Motor R&D(Hosur) in 2020-21 witnessed the launch of products with many segment firsts from the Company. TVS Apache 200 4V was launched with Ride Modes with a technical breakthrough in offering functionality with Mechanical Throttle Body.

The engine ride modes, ABS modes, and adjustable suspension, adjustable control levers stand as good examples of R&D’s pursuit of innovations that enhance customer experience, it makes the TVS motor one of the best two wheeler company in India.

TVS Financial analysis:

• Revenue from operation: 19,420.82 crores
• Profit before tax: 821.63 crores
• Profit of the year FY21: 607.50 crores

The key ratio for the TVS Motor

• Debtors Turnover Ratio: 13.96
• Debt Equity Ratio: 2.46
• Return on Net worth: 16.72

IV. Bajaj Auto

• Founded: 1926
• Headquarter: Akurdi, Pune
• Listed in NSE, BSE Exchange: BAJAJ-AUTO, 532977 
• Brand: Bajaj, Pulsar, KTM and Husqvarna

Bajaj Auto Profile:

Bajaj Auto is ranked as the world’s fourth-largest three and two wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South, and Southeast Asia.

The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two wheelers company manufacturer and three-wheelers manufacturer company), home appliances, lighting, iron and steel, insurance, travel, and finance.

In two-wheeler company mainly consumers focus on the ‘mileage’ or ‘M’ segment, where Bajaj Auto is represented by various models of the CT, the Platina, and the Pulsar 125. It is the largest segment and is an extremely price and fuel cost-conscious segment and generates, marginal profits per unit sold.

Bajaj Auto Manufacturing Units:

Known popular two wheeler company bajaj auto has 3 Plants they are

In the Waluj plant, the capacity was Motorcycles 2,400,000 units, Commercial Vehicles 930,000 and produce the brand are Boxer, CT, Platina, Discover, Pulsar, Passenger Carriers, Good Carriers, Quadricycle.

In the Chakan plant, the capacity was Motorcycles 1,200,000 units, and produce the brand are Pulsar, Avenger, KTM, Dominar, Husqvarna, Chetak

In the Pantnagar plant, the capacity was Motorcycles 1,800,000 units, and produce the brand are CT, Platina, and Pulsar.

For the Two-wheeler total units are 54,00,000 Units

Bajaj Auto Subsidiaries:

• PT.Bajaj Auto Indonesia with 99.25% shares held by Bajaj Auto Ltd.
• Bajaj Auto International Holdings BV Amsterdam Netherlands with Fully owned subsidiary
• Bajaj Auto (Thailand) Ltd with Fully owned subsidiary

Bajaj Auto Financial Position:

• Revenue from operation: 27,741.08 crores
• Profit before tax: 6,241.43 crores
• Profit of the yearFY21: 4,857.02 crores

The key ratio for the Bajaj Auto

• Debtors Turnover Ratio: 9.99
• Inventory Turnover Ratio: 13.13
• Current Ratio: 2.51
• Return on Net Worth: 18.1%

V. Eicher Motors Limited

• Founded: 1982
• Headquarter: New Delhi
• Listed in NBE, BSE Exchange: EICHERMOT, 505200 
• Brand: Royal Enfield

Eicher Motors Profile:

Eicher Motors Limited (EML) is a globally reputable automobile company engaged in the manufacture of Two wheeler company and commercial vehicles company.

Two wheeler company business is led by the iconic brand, Royal Enfield, the world’s oldest motorcycle brand, still in continuous production. It is revered among motorcycle enthusiasts globally for its distinctive range of authentic, simple, engaging, and accessible motorcycles, and its range of apparel and accessories.

Its ecosystem of definitive premium motorcycling retail and service network, and community rides and events,
deliver truly authentic experiences and propel riders towards the active pursuit of “Pure Motorcycling”

• In the Performance FY 2020-21, Motorcycles sold was 609,403
• Royal Enfield has 94% Market share in two wheeler company India’s with mid-size (250cc-750cc) segment

the Royal Enfield Meteor 350. First introduced in India in November, the motorcycle has since been launched virtually across Asia Pacific (APAC) and European Union (EU) markets where Royal Enfield has a presence.

Eicher Motor Manaufacturing Units:

The reputation of Two wheeler company in India has its 3 manufacturing facilities location are:

• Thiruvottiyur,
• Oragadam, and
• Vallam Vadagal near Chennai, India
• No. of manufacturing facilities: 3 Installed capacity: 10 Lakhs*

Eicher Motor Subsidiaries:

Eicher has 4 subsidiaries are

• Royal Enfield North America Ltd.
• Royal Enfield (Thailand) Ltd.
• Royal Enfield Brasil Comercio de Motocicletas Ltda
• Royal Enfield UK Ltd.

Eicher Motor Financial Position analysis

In FY 2020-21, Royal Enfield, a unit of EML, sold 6,12,350 motorcycles of which 5,73,728 units sold in the domestic market and 38,622 units in markets overseas. Eicher international business grew from 5.6% in FY 2019-20 to 6.3% in FY 2020-21.

• Revenue from operation: 8,720.35 Crores
• Profit before tax: 1,798.39 Crores
• Profit of the year FY21: 1,346.89 Crores

The key ratio for the Eicher Motorare:

• Current Ratio: 3.4
• Debtors Turnover Ratio: 6.2
• Debt equity Ratio: 0.0

VI. Yamaha Motor India Pvt Ltd

• Founded in India: 2001
• Headquarter: Japan
• Listed in TYO exchange: 7272
• Brand: Yamaha

Yamaha Motor India Profile:

Yamaha is one of the known brands in the world for a two wheeler company. In India, Yamaha Motor became a 100% subsidiary of Yamaha Motor Co., Ltd, Japan (YMC). In 2008, Mitsui & Co. Ltd. entered into an agreement with YMC to become a joint-investor in India Yamaha Motor Private Limited (IYM).

Yahama launched an online sales website for motorcycles in India in fiscal 2020. Everything from product selection to purchase can be completed entirely online and those making a purchase can also choose their preferred
dealership as well as other options on the website. This service also addresses the needs of consumers wishing to
avoid going.

Yamaha Motor has thus far worked to optimize its global supply chain from the perspectives of quality, cost, and delivery. As a result, Indonesia and India function today as our primary global supply base.

Yahama Motor Manufacturing Units:

Yahama Motor has two wheeler company manufacturing facilities in India are

• Surajpur (Uttar Pradesh),
• Faridabad (Haryana) and
• Kanchipuram (Tamil Nadu). 

The Two-wheeler company infrastructure at these plants supports the production of two wheelers and parts for the domestic as well as overseas markets

Yamaha Motor Research & Development India Pvt. Ltd.

YMRI is a 100% subsidiary of YMC and has been established by YMC to provide R&D and Product development services to IYM for its domestic as well as export markets. YMRI is the fifth overseas R&D headquarters for Yamaha Motor Group following Italy, Taiwan, China, and Thailand.

VII. SUZUKI MOTORCYCLE INDIA PRIVATE LIMITED

• Headquarter: Japan
• Listed in TYO Exchange: 7269
• Brand: Suzuki

Suzuki Motorcycle India Profile:

SUZUKI MOTORCYCLE INDIA is a subsidiary of Suzuki Motor Corporation, Japan. Suzuki’s philosophy of VALUE PACKED PRODUCTS right from the inception. SMIPL will be manufacturing two wheeler company best suited for the valuable Indian customers covering all segments

Suzuki Operation based in India is Motorcycle engines assembling and machining, Spare parts administration, Testing, and development of motorcycles.

Suzuki Motorcycle India Manufacturing Units are

Two Wheeler company of Suzuki has 2 manufacturing units location are

• MARUTI SUZUKI INDIA LIMITED (Gurgaon Plant)
• MARUTI SUZUKI INDIA LIMITED (Manesar Plant)
• Two wheeler company annual capacity of 7,50,000 Two Wheeler P.A

VIII. India Kawasaki Motors Pvt. Ltd

• Founded: 2009
• Headquarter: Japan
• Brand: kawaski

India Kawaski Motor Profile:

India Kawasaki Motors is a subsidiary of Kawasaki Heavy Industries Limited, Japan. The Indian journey of Kawasaki began in 2009 with the launch of Ninja 650 and Ninja 250 it was proof to show it was a popular brand in the two wheeler company position

On 1st July 2010, India Kawasaki Motors Pvt. Ltd. (IKM) was incorporated to enter the Indian Super two-wheeler company Bike Market. In particular, from July 2013, IKM started assembly of Z250, Ninja 300, Ninja 650, ER-6N, and Versys 650 motorcycles at its plant located in the premises of its Indian partner, In the same way, while the functions such as marketing, sales, and after-sales services were taken care by Kawasaki’s Indian partner.

India Kawasaki Motor Manufacturing Units

Manufacturing units for two wheeler company in Chakan, Pune, Maharashtra in July 2017. Currently, IKM sells 27 models in its 30 dealerships across the country.

India Kawasaki Motor R&D are

IKM has expanded its building and established an R&D center which is separated from the mass production workshop in January 2018. Now more than 30 engineers are working in the R&D center and proceeding with the development of a new model which is suitable for Indian market requirements and regulations.

IX. Mahindra & Mahindra Two Wheelers

• Founded: 2008
• Headquarter: Pune
• Brand: Mahendra

Mahindra & Mahindra Two Wheelers Profile:

Mahindra & Mahindra Two Wheelers Company Division is a part of the Mahindra Group. Mahindra & Mahindra Two Wheelers Division is guided by the three tenets of Rising i.e.,

• Accepting No Limits,
• Alternative Thinking and
• Driving Positive Change.

With these three guiding principles, we have built a range of scooters and motorcycles that offer distinctive styling, solid performance, great mileage, and superior ride quality on tough Indian roads.

Mahindra & Mahindra Two Wheelers Division has recently acquired a 51% stake in Peugeot Motorcycles (PMTC), part of the Euro 54 billion Peugeot S.A. (PSA) Group based in France. 

Mahindra & Mahindra Two wheeler Manufacturing facilities

Mahindra & Mahindra Two wheeler products are manufactured at our state-of-the-art manufacturing unit in Pithampur, Madhya Pradesh.

Our products have received widespread recognition from both leading auto experts and consumers

X. Piaggio

• Headquarter: Pune, Maharastra
• Brand: Aprilia, Vespa, Piaggio

Piaggio profile:

Piaggio is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles under seven brands: Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi, and Scarabeo. Its corporate headquarters are located in Pontedera, Italy.

The Indian government recently announced its intention to have only electric three-wheelers by April 2023 and electric two-wheelers by April 2025. This strategy, which is part of the FAME (Faster Adoption of Electrical Mobility) scheme the Indian government adopted in 2015, aims to provide incentives for the purchase of electric and hybrid two, three, and four-wheelers.

In April 2019, the transition to the second stage of the scheme was officially announced, with new funds allocated for a total of 1.4 billion USD and incentives targeting the purchase of electric vehicles and the development of charging infrastructure.

Piaggio manufacturing units:

Baramati (India, in the state of Maharashtra), with plants dedicated to the manufacture of three- and four-wheeler commercial vehicles, Vespa and Aprilia brand scooters and engines for Two wheeler company

In 2019, plants in India purchased raw materials, merchandise, and spare parts for an overall value of 318 million from around 620 suppliers. The first ten suppliers made up 36% of the total purchases.