All manufacturers have reported a month-on-month decline due to the festive season rush tapering off.
The penultimate month of 2023 has seen a slow-down for all manufacturers after the record-high sales figures of October due to the festive season rush. Here’s how each of the legacy OEMs performed.
Hero MotoCorp: 4,76,286 units
As expected, Hero continues to lead the way in November too but compared to its October 2023 sales numbers (5,59,766 units), it reported a 14.91 percent decline. However, it has reported an uptick of 25.39 percent when compared to its November 2022 sales figure of 3,79,839 units. Hero has unveiled some exciting new products at the EICMA trade show in Milan, some of which will be launching in India quite soon, and to read more about that, tap here.
Honda Motorcycle & Scooter India (HMSI): 4,20,677 units
Honda sold over 4.2 lakh units last month, but that was 9.09 percent down compared to its October 2023 numbers (4,62,747 units). That decline notwithstanding, the company has reported an 18.99 percent increase compared to its November 2022 numbers (3,53,540 units). Honda has launched the most affordable model in its neo-retro lineup in India, the CB350, and to see how that bike stacks up to its chief rivals on paper, tap here.
TVS Motor Company: 2,87,017 units
Hosur-based TVS reported an 16.81 percent decline compared to its October 2023 sales figure of 3,44,957 units. In the same vein as the aforementioned two OEMs, it reported an substantial 49.70 percent increase compared to its November 2022 sales figure (1,91,730 units). TVS’ most recent entrant in the Indian market is the Apache RTR 310, and to read our review, tap here.
Bajaj Auto: 2,18,597 units
Chakan-based Bajaj has reported an 21.51 percent decline compared to its October 2023 sales numbers (2,78,486 units). But compared to its November 2022 sales figure of 1,23,657 units, it reported a large 76.78 percent increase. We were the first to report that Bajaj has been working on a CNG-powered motorcycle for a while now and we expect that to launch in the coming months.
Royal Enfield: 75,137 units
Royal Enfield reported a 7.20 percent decrease compared to its October 2023 sales numbers (80,958 units) and much like all the other OEMs, it reported a 14.26 percent increase than its November 2022 sales numbers (65,760 units). The company has launched its all-new Himalayan in India, and to read our review, tap here. It also showcased a special factory custom of the Shotgun 650 at its motoverse festival, which previews the production-spec model.
Suzuki: 73,135 units
Suzuki India reported a 13.25 percent decrease in November, compared to its October 2023 numbers (84,302 units). However, it reported a 15.80 percent increase when compared to its own numbers last November (63,156 units). Suzuki showcased two new models at EICMA based upon its existing platforms, and to read more about that, tap here.
| November 2023 sales | |||||
|---|---|---|---|---|---|
| Nov 23 | Oct 23 | % change | Nov 22 | % change | |
| Hero | 4,76,286 | 5,59,766 | -14.91 | 3,79,839 | 25.39 |
| Honda | 4,20,677 | 4,62,747 | -9.09 | 3,53,540 | 18.99 |
| TVS | 2,87,017 | 3,44,957 | -16.81 | 1,91,730 | 49.70 |
| Bajaj | 2,18,597 | 2,78,486 | -21.51 | 1,23,657 | 76.78 |
| Royal Enfield | 75,137 | 80,958 | -7.20 | 65,760 | 14.26 |
| Suzuki | 73,135 | 84,302 | -13.25 | 63,156 | 15.80 |