Honda & TVS two-wheeler brands are the top choice of buyers: OTO

According to the data of last fiscal year, scooter sales fared 76%, while bikes scored 24% out of which EVs were 34% and ICEs were 42%. Honda and TVS two-wheeler brands continue to be the most loved and sold via OTO, offline as well as online.

OTO has reported its first yearly two-wheeler data. The two-wheeler financing and purchasing medium has notified information like categories that push demand, position of two-wheeler finance in the country, and top-achieving brands. The statistics point out that the most picked two-wheeler brands purchased via OTO are Honda and TVS. And the data also finds a rising number of buyers opting for EVs and besides due to the rising fuel prices, two-third of the customers have shifted to electric vehicles.

As stated by Sumit Chhazed, the co-founder of OTO, “The data reflects that millennial two-wheeler buyers nowadays are approaching digital finance choices. In the past six months, we observed a rise in applications four times as dealerships have multiplied. We are including the biggest dealerships as well, who aim to allow affordable transactions, ease of buying experience and customer satisfaction. Moreover, in the upcoming year as well, we are likely to grow ten times.”

OTO enables finance and purchase of two-wheeler brands such as Ampere, Aprilia, Ather, Bajaj, Hero Electric, Hero MotoCorp, Honda, KTM, Okinawa, Pure EV, Royal Enfield, Suzuki, TVS, Vespa, and Yamaha.

Going by the data of the previous financial year's report, scooter sales fared 76%, while bikes scored 24% out of which EVs were 34% and ICEs were 42%. Honda and TVS two-wheeler brands continue to be the most loved and sold via OTO, offline as well as online.