Two-Wheeler Retail Sales Report June 2024: Hero MotoCorp Leads with 3,97,029 Units Sold & 28.86% MS

In June 2024, the Indian two-wheeler market saw Hero MotoCorp maintain its top position despite a slight decrease in market share compared to last year. Here's a breakdown of the market share for major players:

This table now includes the units sold by each OEM in both June 2024 and June 2023, along with their respective market shares for comparison.

Hero MotoCorp Ltd

In June 2024, Hero MotoCorp retained its top position in the Indian two-wheeler market despite a slight decrease in market share compared to the previous year. The company sold 3,97,029 units, capturing 28.86% of the market, down from 32.50% in June 2023.

Honda Motorcycle and Scooter India (P) Ltd

Honda Motorcycle and Scooter India (P) Ltd showed significant growth in June 2024, securing a market share of 25.54%, up from 21.56% in June 2023. With 3,51,422 units sold, Honda expanded its presence in the competitive market.

TVS Motor Company Ltd

TVS Motor Company Ltd maintained a stable position with a market share of 17.17% in June 2024, slightly down from 17.28% in June 2023. The company sold 2,36,180 units during the period.

Bajaj Auto Group

Bajaj Auto Group experienced a decrease in market share, falling to 11.16% in June 2024 from 12.44% in June 2023. The group sold 1,53,535 units, reflecting a competitive market environment.

Suzuki Motorcycle India Pvt Ltd

Suzuki Motorcycle India Pvt Ltd showed growth in June 2024, capturing 5.31% of the market in June 2024 with 73,048 units sold, up from 4.77% in June 2023. The company's strategic efforts contributed to its increased market presence.

Royal Enfield (Unit of Eicher Ltd)

Royal Enfield, a unit of Eicher Ltd, held a market share of 4.02% in June 2024, slightly lower than 4.74% in June 2023. With 55,249 units sold, Royal Enfield continued to be a significant player in the two-wheeler segment, focusing on its niche market.

Emerging Players

New entrants like Ola Electric Technologies Pvt Ltd made significant strides, capturing 2.67% of the market with 36,723 units sold, up from 1.35% last year. Ather Energy Pvt Ltd also showed growth, securing a 0.44% market share with 6,104 units sold, up from 0.35% last year.

Overall, the two-wheeler market in India in June 2024 saw Hero MotoCorp leading despite a reduction in market share. Honda made significant gains, while new players like Ola Electric Technologies showed promising growth. The market continues to evolve with electric vehicle manufacturers gaining traction alongside traditional players.