Today there is a decline in the stock prices of two-wheeler companies. Today, the sales numbers of two-wheeler companies for the month of February 2022 were announced, which is less than expected.
The share price of Bajaj Auto is down 4.48% to Rs 3372.30, Eicher Motors’ share price down 3.15% to Rs 2508.10, Hero Motocorp down 4.30% to Rs 2426.30, and TVS Motor down 3.18% to Rs 597.95 till market closing.
Hero Motocorp’s sales declined by 29% on a year-on-year basis and the same Royal Enfield sales also declined by almost 15%.
TVS Motors also saw a 5% drop in sales on a year-on-year basis. TVS Motors said that their production and sales have been impacted due to semiconductor supply shortfalls and this situation is expected to improve in the coming months.
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