Hero MotoCorp: Defending the Top Spot
- Hero MotoCorp maintains its market leadership, selling 4,45,257 units in February 2024.
- The figures show a notable 5.8% increase from January 2024 and a substantial 16.46% surge compared to February 2023 (3,82,317 units).
- Check out our review of Hero’s flagship Mavrick 440 for an in-depth analysis.
Honda Motorcycle & Scooter India (HMSI): Steady Growth
- Holding onto the second position, HMSI reports sales of 4,13,967 units in February 2024.
- This marks an 8.2% increase from January 2024 and an impressive 82.31% rise from February 2023 (2,27,064 units).
- Honda India showcased a flex fuel CB300F at the Bharat Mobility Expo 2024, demonstrating a commitment to innovation.
TVS Motor Company: Slight Dip, Overall Growth
- TVS maintains its third-place position with 2,67,502 units sold in February 2024.
- While there’s a marginal 0.3% decrease from January 2024, the company records a robust 20.82% growth compared to February 2023 (2,21,402 units).
- Note: Electric two-wheeler sales are not included in this figure.
Bajaj Auto: Mixed Performance
- Bajaj Auto reports sales of 1,70,527 units, reflecting an 11.80% decline from January 2024.
- However, compared to February 2023 (1,20,335 units), the Chakan-based manufacturer shows an impressive 38.51% increase.
- Notably, Bajaj’s numbers include sales of the Chetak e-scooter.
Suzuki: Consistent Growth
- Suzuki continues its consistent performance, selling 83,304 units in February 2024, marking a 3.47% increase from January 2024.
- Compared to February 2023 (52,451 units), Suzuki reports a substantial 58.82% increase.
- Suzuki Motorcycle India recently celebrated manufacturing its one millionth unit.
Royal Enfield: Mixed Results
- Royal Enfield reports sales of 67,922 units, showing a 3.73% decline from January 2024.
- Despite this dip, the company outperforms its February 2023 sales figure (64,436 units) by 5.41%.
- Royal Enfield is set to expand its 450cc lineup and introduce additional 650cc models.
February 2024 Two-Wheeler Sales Overview
| Manufacturer | February 2024 | January 2024 | % Change | February 2023 | % Change |
|---|---|---|---|---|---|
| Hero MotoCorp | 4,45,257 | 4,20,934 | 5.8 | 3,82,317 | 16.46 |
| Honda (HMSI) | 4,13,967 | 3,82,512 | 8.2 | 2,27,064 | 82.31 |
| TVS Motor Company | 2,67,502 | 2,68,233 | -0.3 | 2,21,402 | 20.82 |
| Bajaj Auto | 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 |
Read More:
