New Delhi, Oct 4 (IANS) India’s two-wheeler manufacturers registered a 9 per cent year-on-year (YoY) increase in September dispatches, crossing the two-million mark, buoyed by festive season demand following a cut in Goods and Services Tax (GST).

The government reduced the tax on motorcycles up to 350 cc to 18 per cent. Earlier, the tax rate was 28 per cent.

Hero MotoCorp, the country’s largest two-wheeler maker, reported a 5 per cent rise in wholesale volumes to 647,582 units, while its registrations surged 19 per cent to 323,230 units.

Honda Motorcycle and Scooter India (HMSI), the second-biggest player, posted the weakest performance among peers, with volumes inching up 3 per cent to 505,000 units. The company did not cite reasons for the muted growth.

Chennai-headquartered TVS Moto

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