Business
Festive two-wheeler registrations rise 16% in 14 days
The Hindu BusinessLine·
Jefferies said two-wheeler registrations rose 16 percent year-on-year in the first 14 days of the festive season. Passenger vehicle registrations fell 6 percent over the same window. Truck registrations surged 76 percent year-on-year, partly on a low base from last year. Tractor registrations increased 21 percent. In 1HFY27, two-wheeler registrations also grew 22 percent year-on-year.
Prism
What It Means For You
- Early festive auto registration data show two-wheelers still expanding while passenger cars cool versus last year.
- Passenger vehicle momentum slowed after a 7 percent rise in the first seven festive days.
- Jefferies still flags tractor demand risk in the second half of FY27 on a high base and weak monsoon.
What's Happening
- The note said auto registration data for the first 14 festive days show a big divergence between two-wheelers and passenger vehicles.
- In April-September, passenger vehicle registrations and wholesales grew 28-29 percent year-on-year.
- Truck growth partly reflected a low base after a 26 percent decline in the year-earlier festive window.
What The First Half Showed
- Two-wheeler wholesales rose 17 percent year-on-year in 1HFY27 alongside the 22 percent registration rise.
- Versus 2024, truck registrations grew at a 14 percent CAGR across the first half of the festive period.
- Tractor registrations had already risen 18 percent in the first half of FY27 before the festive 21 percent print.
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