As compared to the first half of the previous fiscal year, the domestic two-wheeler industry has witnessed a significant growth this year. With relaxed auto loans, impressive festive sales coupled with the balance between demand and supply of two-wheelers, the Nepali two-wheeler market remained enthusiastic during the first six months of this fiscal.
If the data maintained by the Department of Transport Management (DoTM) is something to go by, there has been a massive increase in the registration of two-wheelers by 57.47 per cent from 34,809 units to 54,816 units in the valley.
According to dealers, the two-wheeler market experienced around 20 per cent growth in sales as compared to last year. As per DoTM, registration of two-wheelers stood at 4735 units in JulyAugust while registration during the same period this year was 2536 units in Bagmati zone. The registration in AugustSeptember is 6,589 units while it was 4,304 units last year. Similarly, the registration in SeptemberOctober is 5,745 units while the previous year's record shows 4389 units. The registration in OctoberNovember last year remained 5,643 units whereas this year it has almost doubled with 11,051 units.
Likewise, the registration in November-December and December-January doubled from 6,279 units to 14,266 units and 4,002 units to 9,084 units respectively.
�Roughly the two-wheeler market has experienced growth of around 20 per cent compared to last fiscal,� said Saurabh Jyoti, executive director of Syakar Trading Company, authorised distributor of Honda Motorcycles. However, he informed that Honda has ascertained its sales growth by 30 per cent. He is of the opinion that people's necessity for transport coupled with the cost effectiveness and convenience has driven the domestic two-wheeler market. �If things go well with the industry and there are no unwanted issues like strikes and political instability in days to come, the industry seems to be more promis ing in future,� he added.
Citing that there has been significant growth in the overall two-wheeler segment, Gaurab Hamal, head of marketing at Morang Auto Works, authorised distributor of Yamaha, said, �There has been a slight increase in the sales of motorcycles whereas sales of scooters has comparatively witnessed considerable growth.� However, he did not disclose the sales figure of Yamaha motorcycles.
Meanwhile, Chiranjivi Shah, general manager at HH Bajaj, authorised distributor of Bajaj has a differing view. Unlike others, he is of the opinion that the two wheeler market was stagnant during that period.
However, he informed that they had succeeded to maintain their year-onyear growth of 10 per cent.
Complaining that constituent assembly elections held in November affected the industry, he said, �The halt in the issuance of new licence in many regions was yet another reason, which barred the growth of the industry as 50 per cent of customers are fresher buyers.�
SOURCE: The Himalayan Times