2024-04-11 16:16:48
Two Wheelers
oi-Mohan Krishnamoorthy
Published: Thursday, April 11, 2024, 21:46 [IST]
The Federation of Indian Automobile Associations has released the data on two-wheelers sold in India in the last financial year 2023-24. The financial year 2023-24 which started in the month of April 2023 ended on 1st April last. More details about this can be seen in this message.
India can be said to be the largest 2-wheeler market in the world. Because to that extent, the number of buyers of 2-wheelers in India is constantly increasing. Hero MotoCorp sells 4 to 5 lakh 2-wheelers every month on average.
Hero MotoCorb, the world’s largest 2-wheeler company, has sold around 53 lakh 95,924 two-wheelers in the last financial year. That is, nearly 54 lakh 2-wheelers have been sold in India from Hero in the last 1 year. However, in the previous financial year (April 2022 – March 2023), only 51 lakh 35,129 two-wheelers were sold from Hero MotoCorb.
In this category, Hero MotoCorp’s sales have increased by 5.08%. That is, about 2 lakh 60,795 two-wheelers have been sold more in the last financial year. Next to Hero MotoCorb is Honda Motorcycle & Scooters India as usual at number 2.
A total of 40 lakh 92,126 two-wheelers have been sold in India in FY 2023-24 from Honda. However, Honda 2-wheeler sales did not touch 40 lakh in FY 2022-23. In this context, Honda has sold more than 1 lakh 18,940 two-wheelers in India in the last financial year.
TVS Motors has taken the 3rd position after Honda. A total of 29,65,744 two-wheelers were sold from the TVS brand in the last financial year. Although 3-wheelers are also sold from TVS Motors, this sales figure of 29,65,744 is for TVS 2-wheelers only.
Our Tamil Nadu-based automobile company TVS Motor had sold 24 lakh 89,121 two-wheelers in the previous financial year 2022-23. In this context, the sales of TVS 2-wheelers have increased by around 4 lakh 76,623. The fact is that even Hero MotoCorp’s sales have not increased to this extent.
Bajaj Auto is ranked 4th in this list. Bajaj Auto has sold 21 lakh 8,049 two-wheelers in the current financial year. But in the financial year 2022-23, only 17 lakh 4,445 two-wheelers were sold from Bajaj. It is followed by Suzuki Motorcycle (8,46,991) and Royal Enfield (7,80,904) at the 5th and 6th positions.
DriveSpark Comment: In the last financial year 2023-24, a total of 1.75 crore two-wheelers have been sold in India. It is really amazing that almost 3rd of this is being sold by a single company called Hero MotoCorp. In the last financial year, EV companies like Ola and Ether also sold more than 1 lakh 2-wheelers.
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English summary
Two wheeler sales report of fy24 hero motocorp honda tvs motor
Story first published: Thursday, April 11, 2024, 21:46 [IST]
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