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Top Bike company in India and their best brands FY22

sivapathasekaran
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India Bike company continues to be an attractive market for its large middle and low-income population with performance and design.

The past few years have been a bit challenging for the two-wheeler industry like BSVI norms, insurance
coverage, safety regulations etc and making to push forward in positive position.

Here we have listed top bike company and their brands based on the market share in Indian market.

IX. India Kawasaki Motors Pvt. Ltd.

India Kawasaki Motors Pvt. Ltd formally known as IKM, is a subsidiary of Kawasaki Motors Limited, Japan and for manufacturing Super Bike in the Indian Market.

IKM while entering Indian market they have partner in sales and after-sales services, after 2017 kawasi has a new plant and independent services in India and promotes the Kawasaki brand experience to customers in conjunction with Kawasaki Global Marketing.

IKM established its new plant in Chakan, Pune, Maharashtra, and sells 27 models in its 30 dealerships across the country.

VIII. Mahindra Two Wheelers Limited

Mahindra Two Wheelers Limited, its holding company is Mahindra & Mahindra limited. it is in the business of trading in spare parts and accessories. It deals in parts required for a range of Two wheelers,
passenger light motor vehicle, and commercial vehicles manufactured

The Company undertakes procurement, warehousing management, logistics, and sale of spare parts and accessories. It has a network of dealers spread across India to ensure the timely availability of spare parts to customers.

Mahindra two-wheelers R&D Centre at Pune and all products are manufactured at Pithampur, Madhya Pradesh.

Mahindra financial position

VII. India Yamaha Motor Pvt Ltd

India Yamaha Motor formally known as IYM, the company belongs to Yamaha Motor Co., Ltd, Japan (YMC) and Yamaha is a well-known brand in the bike segment.

IYM has Manufacturing facilities are 3 they are Faridabad (Haryana), Surajpur (Uttar Pradesh), and Kanchipuram (Tamilnadu). Yamaha s operating 8 companies to make customer benefits.

  1. Yamaha Motor India Pvt. Ltd. (YMI)
    • YMI is responsible for Corporate Planning & Strategy, Business Planning & Business Expansion, and Quality & Compliance Assurance of Yamaha India Business.
  2. Yamaha Motor India Sales Pvt. Ltd. (YMIS)
    • To support IYM to market and sell its motorcycles & scooters in domestic as well as export markets.
  3. Yamaha Motor Electronics India PVT. Ltd. (YEIN)
    • To support IYM in the Development, manufacturing, and sale of electric components.
  4. Yamaha Motor Research and Development India Pvt. Ltd. (YMRI)
    • to provide R&D and Product development services to IYM for its domestic as well as export markets.
  5. Yamaha Motor Solutions India Pvt. Ltd. (YMSLI)
    • Providing engineering services for startups, small to medium-sized businesses, and enterprise
  6. MOTO BUSINESS SERVICE INDIA PRIVATE LIMITED
  7. KYB Motorcycle Suspension India Pvt. Ltd. (KMSI)
  8. Bussan Auto Finance India Pvt. Ltd. (BAF India)

Yamaha has targeted the upper-middle class, which is expected to grow rapidly over the next 10 years, and ramped up its premium segment strategy even more than before to solidify its advantages.

IYM aims for higher unit sales growth, we will carefully map out strategic segments in the country and not only offer attractive products but also launch stronger brand marketing initiatives to create firm ties
with customers.

For customers in this segment who, through digital media, value individuality, and self-actualization, we will combine the digital and real worlds to implement our One-to-One Marketing approach, targeting each individual customer in order to expand our range of touchpoints and strengthen the relationship with customers.

VI. Eicher Motors Limited

Eicher Motor Limited formally known as EML, is a multinational automobile company for manufactures premium and simplicity of design to produce category bikes in the brand Royal Enfield and commercial vehicles in the brand Eicher.

Royal Enfield is a global leader in the middleweight bike in the segment of 250cc to 750cc and registered meteoric growth and is a global leader in the mid-size bike segment with the presence in over 60 countries across the world.

Royal Enfield has modern design and technical centers in the UK and India, Royal Enfield designs its motorcycles in the UK and rolls them out of its two, ultra-modern manufacturing facilities in India, supported by adjunct facilities and a global supplier base.

Royal Enfield has 3 modern manufacturing facilities at Orgadam and Vallam Vadagal with adjunct facilities continuing at Thiruvottiyur

In international markets, royal enfiled has a 12% volume and ranks among the top 3 best-selling brands in the mid-size bike segment in the market.

Royal Enfield portfolio:

Royal enfiled outlets

Royal enfeld bike has holding 3.79% of market share in India

Eicher Enfiled Financial position:

The ratio of Eicher Enfield:

V. Suzuki Motorcycle India Private Limited

Suzuki Motorcycle India Private Limited is formally known as SMIPL, the company belongs to Suzuki Motor Corporation, Japan.

SMIPL manufactures bikes, and scooters in India. This year company had a tie-up with Bandhan Bank, a leading Indian Private Sector Bank. This will allow customers to get retail finance options to purchase Suzuki products.

SMIPL has a manufacturing plant in Gurgaon (Haryana) and has an annual capacity of 7,50,000 Two Wheeler.

 SMIPL had sold 50,734 units in the domestic market and exported 14,761 units and registered a sales growth of 27.6 %  in March 2022. Cumulatively, SMIPL sold 754,938 units from April 2021 – March 2022 as compared to 591,846 in the previous financial year.

Suzuki bike company has 4.04% of the market share in India.

IV. Bajaj Auto Limited

Bajaj Auto is a part of the bajaj group manufactures 2 wheeler and 3-wheeler segments in India and sellng in international market.

Bajaj auto has held its position in the market by introducing a new model in the new brand and upgrading the exitsing models, which is based on the customer segment

Bajaj Auto Limited had an investment of Rs 300 Cr and start work at a brand-new unit at Akurdi for manufacturing Electric Vehicles. This unit will have a production capacity of 500,000 EVs per annum. Akurdi (Pune) is also the site of the original Chetak scooter factory that made Bajaj Auto a household name in India.

Bajaj auto is an top leading bike company which hold 11.7% of share in Indian market.

Bajaj’s achievement in the International market

Bajaj auto financial information:

The ratio of bajaj auto

III. TVS Motor Company Limited

TVS Motor Company is top leading bike company in India. Its popular brand is well knowns globally in the name of TVS brand.

They have manufactured Two-Wheelers, Three-Wheelers, and Parts & Accessories based on consumers, experts, and the trade which is loved by every customer.

TVS Motor has 3 Manufacturing plants in India. they are,

TVS has a footprint in the electric 2-wheeler segment to capture its position and give competition to other bike companies. TVS has created a dedicated vertical with over 600 engineers and adopted the Centres of Competency (COCs) with the agile working approach.

TVS has been alliances and joint initiatives with partners like TATA Power, JIO BP, and BESCOM among others to expedite the creation of the charging infrastructure.

TVS Financial position:

II. Honda Motorcycle & Scooter India Pvt. Ltd

Honda Motorcycle & Scooter India Pvt. Ltd is formally known as HMSI, and they are involved in manufacturing and selling scooters and bikes in India, also are 100% a subsidiary of Honda Motor Company Ltd., Japan.  They are one of the youngest players in the Indian bike company.

Honda Manufacturing plants are Manesar (Haryana), Tapukara (Rajasthan), Narsapura ( Karnataka), and Vithalapur (Gujarat).

In the plant of Vithalapur, honda had started the manufacturing of global engines that power its 250cc (& above) category two-wheelers. They have planned a total of 50,000 engine units for production in its first year and the capacity will be further scaled up as per market demand.

With an investment of over INR 135 Crores, the company will manufacture Midsize Fun model engines from its Gujarat Plant for both Domestic and International markets.

Honda bike company has a market share of 24.83% in Indian bike segment

I. Hero MotoCorp Ltd

Hero MotoCorp Ltd is a Bike company in India, and we call HERO one of the most popular company globally.

Hero is not only involved in manufacturing bikes, scooters, and sales to the customer. They are involved in manufacturing spare parts and accessories for their bikes. For this segment, they named as Parts Accessories and Merchandise (PAM) business.

In this PAM, FY 2021-22 grew 24% to 3,934 crores and 15% YoY, and revenue was 1,000 crore per quarter.

To service the customer, Hero has taken opportunities to finance their product if the customer needs it. In the name of Hero FinCorp through this service, they have sales of 41%.

Hero MotoCorp decided to partner with Harley-Davidson in India, As a result, Harley-Davidson’s market share in the 1000cc+ segment 531 units have been sold in FY21-22 which grew to 37%.

One of the best moves from a hero is what is satisfaction from the customer they are making it from their team. for that one of the best examples is Electric Vehicle, How they handle it to make the customer happy.

To be a master in the EV they have a partnership with Gogoro Inc. of Taiwan, which brings the largest battery-swapping network to India. They have interested in Ather Energy.

This year they have introduced VIDA- powered by Hero, for a cleaner, greener, and better future for generations to come.

 In the last 10 years, they have expanded manufacturing facilities from 3 to 8 world-class facilities across the globe with a 9.5 million Annual Capacity.

Hero’s world-class R&D facility Centre of Innovation and Technology (CIT), Jaipur, and Technical Centre Germany (TCG). This year they have invested 616 Crores for the R&D.

Hero bike company has 34.51% of the market share in the Indian market

HeroMotoCorp Financial Information:

The key ratio of Hero:

Sources : Given information are taken from bike company official website and statista website

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