New Delhi: The Indian two wheeler gross sales elevated 5% Y-o-Y to 14,57,539 items in Could 2024 towards 13,94,344 items in Could 2023.
Hero MotoCorp led the two-wheeler gross sales recreation in Could 2024, with 30.42% market share. Nonetheless, its Y-o-Y gross sales dropped 17%. The corporate bought 4,43,381 items in Could 2024 towards 5,12,124 items bought in April 2024, with a M-o-M drop of 13.5%. Hero MotoCorp, disclosed its future plan of infusing INR 124 crore in its present electrical two wheeler affiliate firm, Ather Power.
As per Authorities’s Vahan Information, Honda Bikes and Scooters India (HMSI) confirmed a progress of 44% Y-o-Y with 3,90,700 items bought in Could 2024. Honda had 26.81% market share in Could 2024. As per stories, the corporate has opened two new manufacturing items and goes to work on its new electrical two-wheeler by this calendar 12 months finish.
Following the record of prime performers in Could 2024, TVS additionally recorded 8% progress at 2,51,848 gross sales within the earlier month. TVS has disclosed its new product launch plan by teasing it on Instagram in Could which is anticipated to be from RTR Collection. The corporate has additionally launched TVS iQube at INR 95,000 in the identical month, which could have contributed to the elevated gross sales.
Suzuki gross sales elevated 32% Y-o-Y to 81,746 items in Could 2024.
Nonetheless, some main two-wheeler corporations comparable to Bajaj, Royal Enfield, and a premium two wheeler maker, BMW Motorrad, noticed drop of their gross sales. Bajaj gross sales dropped 6% to 1,65,891 items with the present market share holding of 11.38%. Royal Enfield gross sales dipped 9.6% Y-o-Y to 62,952 items. ETAuto earlier reported that Royal Enfield is just not planning to debut in electrical bikes for this 12 months however it’s engaged on its ethanol blended motorbike which ought to be on the roads by September.
The premium motorbike producer, BMW Motorrad noticed a drastic drop in its gross sales of 28% Y-o-Y with 534 items bought in Could 2024.
Yamaha noticed 22% progress in its gross sales with 54,444 items bought final month. Piaggio additionally recorded 5.8% progress Y-o-Y at 3,025 items bought, and Jawa bought 2,429 items observing 3% Y-o-Y enhance in Could 2024.
(Supply- Vahan Information)
