As per the newest Vahan retail gross sales information, Honda bought 3,34,034 items in September 2024 whereas Hero registered gross sales of two,71,465 items. Nonetheless, Hero MotoCorp remains to be within the lead in cumulative present fiscal retail years from April 1 to October 6, with gross sales of two.45 million items to HMSI’s 2.27 million items. Anticipate it to regain gross sales momentum within the ongoing festive season.
The information reveals that whereas Hero MotoCorp registered gross sales of two,71,465 items final month, down 23% YoY (September 2023: 3,52,252 items), HMSI clocked gross sales of three,34,034 items, down 4.50% YoY (September 2023: 3,49,781 items). This interprets into Honda promoting 62,569 extra two-wheelers than Hero MotoCorp whereas additionally main within the first 5 days of October with 75,864 items – 10,353 extra – to Hero’s 65,511 items. In August 2024, Hero had a slender lead of 5,428 items over HMSI.
A deep dive into the final 33 months’ retail gross sales reveals that Honda had final gone forward of Hero MotoCorp in month-to-month retail gross sales two years in the past – in September 2022 with 2,98,399 items to Hero’s 2,69,486 items. However, by way of cumulative retail gross sales within the present fiscal yr FY2025, Hero MotoCorp continues to have a large lead over HMSI.
From April 1 via to October 5, 2024, as per the newest Vahan information, Hero MotoCorp has bought 24,52,502 items to HMSI’s 22,73,423 items, which is a lead of 1,79,079 items. Hero MotoCorp, which has been the unequalled boss of the amount sport for years as a result of sustained demand for its fuel-sipping 100cc commuter bikes, appears to be beneath stress for the primary time in a long time. In actual fact, September 2024 retails (2,71,465 items) aren’t solely its lowest numbers within the present calendar and financial yr however its lowest in 24 months after September 2022’s 2,98,399 items. It is usually seemingly that the corporate was optimizing its supplier stock ranges in September.
The retail gross sales differential between the main two-wheeler producers in India has been shrinking somewhat quickly. In CY2022, the distinction in favor of Hero MotoCorp was 1.16 million items, rising to 1.38 million items in CY2023. Now, after the primary 9 months of CY204 and the primary 5 days of October 2024, the distinction has come down to three,85,879 items.
Hero MotoCorp although stays forward of HMSI on the wholesales (OEM dispatches to sellers throughout India) entrance for the present fiscal yr FY2025. Between April-August 2024, as per SIAM information for the primary 5 months of FY2025, and the corporate launch for September 2024 wholesales, Hero has dispatched a complete of 29,40,666 items in comparison with HMSI’s 28,81,419 items, and is forward by 59,247. items on the finish of September 2024.
Will Hero climb again in gross sales for the festive season?
The final phrase on the battle between these two two-wheeler biggies is just not but written. Anticipate Hero MotoCorp to claw again gross sales within the festive months of October and November, with each OEMs stretching their advertising muscle to realize most retail gross sales traction, at the same time as there may be competitors from TVS Motor Co and Bajaj Autothe third- and fourth-ranked two-wheeler OEMs in India. In actual fact, between October 1-5, Hero had bought 53,240 items to Honda’s 67,345 items – a distinction of 14,105 items in HMSI’s favour. By the top of October 6, the distinction was all the way down to 10,353 items with Hero promoting 12,271 items on a single day (October 6) whereas Honda bought 8,519 items.
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.