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Two Wheeler Sales in March 2024, Honda, Hero, TVS and Bajaj Registered Highest MoM Sales
March 2024 saw India's two-wheeler industry thriving with positive growth in both domestic sales and exports. Hero MotoCorp and Honda led in domestic sales, while Bajaj Auto dominated exports.
Key Highlights:
- Hero showcased the highest MoM growth in Export Sales with 34.57% growth in March compared to February.
- Highest Domestic MoM sales growth of 7.32% has been showcased by Bajaj.
- With 95.66% YoY Export Sales and 81.33% YoY domestic sales growth in March 2024 Honda ranked highest.
March 2024 witnessed India's two-wheeler industry continuing its robust performance, with positive growth in both domestic sales and exports. Hero MotoCorp and Honda emerged as dominant forces in domestic sales, while Bajaj Auto led in the exports segment.
Two Wheeler YoY Sales Performance
|
Particulars |
March’24 |
March’23 |
Difference |
YoY Growth% |
|---|---|---|---|---|
|
Domestic |
4,59,257 |
5,02,730 |
-43,473 |
-8.65 |
|
Export |
31,158 |
16,612 |
14,546 |
87.56 |
|
Domestic |
3,58,151 |
1,97,512 |
1,60,639 |
81.33 |
|
Export |
28,304 |
14,466 |
13,838 |
95.66 |
|
TVS |
||||
|
Domestic |
2,60,532 |
2,40,780 |
19,752 |
8.20 |
|
Export |
83,914 |
66,779 |
17,135 |
25.66 |
|
Domestic |
1,83,004 |
1,52,287 |
30,717 |
20.17 |
|
Export |
1,30,881 |
94,715 |
36,166 |
38.18 |
|
Domestic |
86,164 |
73,069 |
13,095 |
17.92 |
|
Export |
17,595 |
24,515 |
-7,010 |
-28.59 |
|
Domestic |
66,044 |
59,884 |
6,160 |
10.29 |
|
Export |
9,507 |
12,351 |
-2,844 |
-23.03 |
Two Wheeler MoM Sales Performance
|
Particulars |
March’24 |
February’24 |
Difference |
MoM Growth% |
|---|---|---|---|---|
|
Hero |
||||
|
Domestic |
4,59,257 |
4,45,257 |
14,000 |
3.14 |
|
Export |
31,158 |
23,153 |
8,005 |
34.57 |
|
Honda |
||||
|
Domestic |
3,58,151 |
4,13,967 |
-55,816 |
-13.48 |
|
Export |
28,304 |
44,744 |
-16,440 |
-36.74 |
|
TVS |
||||
|
Domestic |
2,60,532 |
2,67,502 |
-6,970 |
-2.61 |
|
Export |
83,914 |
90,308 |
-6,394 |
-7.08 |
|
Bajaj |
||||
|
Domestic |
1,83,004 |
1,70,527 |
12,477 |
7.32 |
|
Export |
1,30,881 |
1,24,157 |
6,724 |
5.42 |
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