Royal Enfield, TVS and Bajaj reported smaller numbers than January.
Sales figures for the six heavyweights in the Indian two-wheeler market for February 2024 have been released and here’s how each manufacturer fared.
Hero MotoCorp: 4,45,257 units
Market leader Hero MotoCorp continues to defend its top spot and reported a 5.8 percent increase compared to its January sales figure of 4,20,934 units. Even when compared to its sales figure for February 2023 (3,82,317 units), it reported an 16.46 percent increase. We’ve ridden Hero’s flagship – the Mavrick 440 – and to read our review, you can tap here.
Honda Motorcycle & Scooter India (HMSI): 4,13,967 units
Retaining its second spot in the Indian two-wheeler market, HMSI reported an increase of 8.2 percent compared to its January 2024 numbers (3,82,512 units). In a similar vein, Honda India also bettered its, admittedly low, February 2023 numbers (2,27,064 units) by a whopping 82.31 percent. At the Bharat Mobility Expo 2024, Honda showcased a flex fuel CB300F, and to read more about that, tap here.
TVS Motor Company: 2,67,502 units
While TVS retained its third place spot in the market, it reported a minute 0.3 percent decrease compared to its January 2024 numbers, which stood at 2,68,233 units. However, the Hosur-based company bettered its February 2023 tally of 2,21,402 units by 20.82 percent this year. It bears mentioning that this number doesn’t include sales of TVS’ electric two-wheelers – the iQube e-scooter range and the rather pricey and niche X.
Bajaj Auto: 1,70,527 units
In a similar vein to TVS, Bajaj too reported a decline of 11.80 percent compared to its January 2024 numbers (1,93,350 units). But compared to its February 2023 numbers (1,20,335 units), the Chakan-based marque reported an 38.51 percent increase. It bears mentioning that Bajaj’s numbers include the sales of its Chetak range of e-scooters. Bajaj recently refreshed its popular Pulsar NS range, and to read more about that, tap here.
Suzuki: 83,304 units
Just like it did in January 2024 (80,511 units), Suzuki sold over 80,000 units in February as well, reporting an 3.47 percent increase in the process. Even compared to its February 2023 sales figure of 52,451 units, Suzuki reported a substantial 58.82 percent increase. Suzuki Motorcycle India recently manufactured its one millionth unit, and to read more about that, tap here.
Royal Enfield: 67,922 units
Compared to the 70,556 units it sold in January 2024, Royal Enfield reported a 3.73 percent decline last month. Despite that, it bettered its February 2023 sales figure which stood at 64,436 units, by 5.41 percent. Royal Enfield is working on expanding its 450cc lineup further as well as a couple of additional 650cc models and to read more, tap here.
February 2024 two-wheeler sales | |||||
---|---|---|---|---|---|
February 2024 | January 2024 | % change | February 2023 | % change | |
Hero | 4,45,257 | 4,20,934 | 5.8 | 3,82,317 | 16.46 |
Honda | 4,13,967 | 3,82,512 | 8.2 | 2,27,064 | 82.31 |
TVS | 2,67,502 | 2,68,233 | -0.3 | 2,21,402 | 20.82 |
Bajaj | 1,70,527 | 1,93,350 | -11.80 | 1,20,335 | 38.51 |
Suzuki | 83,304 | 80,511 | 3.47 | 52,451 | 58.82 |
Royal Enfield | 67,922 | 70,556 | -3.73 | 64,436 | 5.41 |