The motorbike, scooter and moped market witnessed a large 8.51 % gross sales decline to 1.20 million models YoY (September 2023: 1.31 million models) and a ten % decline month on month (August 2024: 1.33 million models).
In response to the FADA president, two-wheeler gross sales have been impacted by low client sentiment, poor inquiries and lowered walk-ins. Seasonal components just like the Shraddh interval, Pitrapaksha, and heavy rains additional impacted demand, leading to delayed purchases and a subdued market atmosphere.
The large information is Honda Motorbike & Scooter India outselling market chief Hero MotoCorp. Whereas Honda offered 3,34,034 models, Hero MotoCorp registered gross sales of two,71,465 models. This places HMSI out there management place for September 2024 with a 27.73 % share (up from 26.57 % a yr in the past) in comparison with Hero MotoCorp which, whose share for the month has dropped to 22.24 % versus 26.76 % in September 2023. However, With aggressive advertising and marketing within the festive season, Hero MotoCorp is anticipated to attain robust numbers in October and past.
Additionally See: Honda outsells Hero in retail gross sales for September 2024
TVS Motor Co, with 2,21,257 models, has additionally elevated its market share to 18.37 % from 17.43 % in September 2023 albeit its gross sales final month are down 3.54 % YoY (September 2023: 2,29,381 models). Bajaj Auto, which hit the EV information headlines for its Chetak e-scooter having outsold TVS Motor Co’ iQube in September, clocked retails of 1,41,668 models final month, down 5.34 % YoY.
Additionally See: Bajaj Chetak outsells the TVS iQube for the primary time
Suzuki Motorbike India offered 74,287 two-wheelers, 450 greater than it did a yr in the past, a efficiency much like India Yamaha Motor which, with 50,065 models, offered 426 models extra in September 2024. In the meantime, Royal Enfield with 57,504 models final month noticed its retail gross sales decline 10 % YoY (September 2023: 64,159 models).
Additionally See: September 2024 bike, scooter gross sales: RE outsells Suzuki, as festive season nears
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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.