We were once called a ‘Third World Country’. With the rapid pace at which we have grown, India is now the place to be. All the top brands of the world are flocking here to set-up shops. We have clothing brands like Zara and H&M already opening retail stores. We recently saw Ikea set up a shop in Hyderabad.
These three are just to name a few. When you look at the two-wheeler market, you will see all the best brands on the road as well. Ducati Triumph, Harley Davidson, BMW are all available in India. And buying any bike, including a superbike in India is no longer a distant dream.
With easily available two-wheeler loans, buying a bike in India has become rather easy. If this line has caught your attention and want to avail a two wheeler loan, you can apply online on our, Tata Capital, website.
Also, check your eligibility first before you choose to apply for the two-wheeler loan as well. The process is simple and easy and in a simple click, you can get yourself a two-wheeler loan.
Coming back to our point, while many top bike brands are coming to India, Indian brands are also now spreading their wings, and have joined the race to become global leaders
A few numbers before you read ahead: Did you know that the Indian two-wheeler industry has produced 17.59 million two-wheelers in 2017. Leading the two-wheeler production revolution are Hero MotoCorp, Honda Motorcycle and Scooter India (HMSI), TVS Motor Company (TVS), Bajaj Auto, Yamaha Motor India (Yamaha), Suzuki Motorcycle India (Suzuki) and Royal Enfield.
These companies have carved out a place for themselves in the pantheon of two-wheeler manufacturers throughout the world as well. Don’t believe us? Read more here:
Hero MotoCorp is a phenomenal entity that has been the largest two-wheeler manufacturer worldwide since 2001 and no other manufacturer anywhere in the world has been able to challenge that position since then. Truly, the company is a legend from India. It achieved a significant milestone in FY 2017-18 when it sold over 7.5 million two-wheelers. The company has made inroads into world markets by selling two-wheelers in 37 countries across Africa, Asia and South & Central America. Its exports in two-wheelers crossed the 2 million mark in 2017-18 clocking double-digit growth year-on-year. Hero MotoCorp is global in every sense as it employs professionals from different countries that include France, Japan, Austria, Germany, Colombia and Bangladesh. It also has 7 manufacturing units out of which Colombia and Bangladesh host one each. Its product range comprises motorcycles, scooters and electric two-wheelers.
Honda Motorcycle and Scooter India (HMSI)
HMSI made its debut in India in 1984 in partnership with Hero MotoCorp. It went solo in 2010 after exiting the partnership with Hero MotoCorp. It emerged as the second largest manufacturer of two-wheelers in India. Its two-wheeler sales in 2017-18 touched 5.8 million out of which 66% comprised scooters. Its sales of 3.8 million scooters included Honda Activa, India’s most sold scooter. HMSI exports its two-wheelers to 28 markets which include countries from Asia-Oceania, Europe, Middle East and Latin America. It is the largest exporter of scooters from India with its Honda Dio scooter taking the pride of place. HMSI offers a whole range of two-wheelers including the superbikes from its Honda stable. Though the brand originates from Japan, its India operations have carved a special niche in the world market.
TVS Motor Company (TVS)
TVS is the third largest two-wheeler manufacturer in India having a capacity for producing 4 million two-wheelers. TVS manufactures motorcycles, scooters and mopeds. It produces two-wheelers from three manufacturing units in India and one unit in Indonesia. TVS has a customer base of over 33 million satisfied two-wheeler owners. TVS is India’s second largest two-wheeler exporter. The company’s most popular models include TVS NTORQ, TVS Jupiter, TVS Wego, Scooty Zest and Scooty Pep among scooters. Among motorcycles, the most popular models are TVS Sport, TVS Star City, TVS Apache and TVS Radeon. The company also produces the most popular moped model – TVS XL100.
Bajaj Auto Ltd (BAL)
Bajaj Auto has a deep sense of history having commenced operations in 1926. Its scooters became so popular that customers after having booked a scooter had to wait for 12 years for delivery. Having started with scooters and tasted success by becoming the producer of Chetak, the largest selling scooter in the world, BAL has focused entirely on motorcycles post-2009. Since then, BAL has become the world’s third-largest motorcycle manufacturer. Its motorcycle range includes the Dominar, Pulsar, Avenger, Discover, V, Platina, Boxer, and CT models. BAL is the largest exporter of motorcycles in India clocking sales of 1.4 million in 2017-18. BAL is present in 70 countries across Southeast Asia, the Middle East, Africa and Latin America.
These four companies have made a mark in the world with their dedication to quality, technology, customer satisfaction, performance and innovation. Their exploits in the two-wheeler space have ensured that India has become both the largest producer and consumer of two-wheelers worldwide. In exports, India is second only to China.
Additionally, the two-wheeler loan market in India has contributed to the growth of the two-wheeler industry in India. Lenders including Tata Capital offer the easy to avail two-wheeler loan options to eager two-wheeler customers. If you are aspiring to own a two-wheeler, you can choose the most appropriate two-wheeler loan depending upon your ability to repay. Make sure you check all your repayment options as well, here, before you avail the two-wheeler loan.