The month of July saw Honda take the lead from Hero and Suzuki reaching the 1 lakh sales milestone. Here’s how the six highest selling manufacturers performed last month domestically.
Honda Motorcycle & Scooter India- 4,39,118 units
Honda registered an impressive 41.34 percent YoY growth and a 9 percent decrease in sales compared to last month. The company has reported an export figure of 43,982 units. Honda also conducted a customer clinic where they showcased three new models that may potentially be launched in India. Tap here for more information.
Hero MotoCorp – 3,47,535 units
Hero saw a 29.27 percent decline in sales compared to the previous month and a 6.37 percent decrease in YoY growth. The company exported 22,739 units of motorcycles and scooters which is a 13.9 percent increase in YoY exports. It is worth noting that these sales figures include the sales of the electric VIDA brand which falls under the Hero MotoCorp. Hero was spotted testing what could be the next Xpulse iteration. Tap here to read about it.
TVS Motor Co – 2,54,250 units
TVS saw a mild 0.58 percent decline in sales compared to last month but saw a 8.08 percent YoY growth. TVS also saw an 11 percent increase in exports when compared to July 2023. TVS recently teased an update to the NTorq. Tap here to read about it.
Bajaj Auto – 1,68,847 units
Bajaj has reported a 18.91 percent increase in YoY growth for July. However, the brand has seen a 4.71 percent decline in sales compared to the previous month. Bajaj launched the world’s first CNG bike in July and shared plans of exporting it to other countries. Tap here to learn more.
Suzuki – 1,00,602 units
Suzuki has seen a massive 25.26 percent increase in YoY growth with its July 2024 sales figures. The brand has also reported a 41.52 percent increase in sales compared to the previous month. The Japanese brand also reported a 41.46 percent decrease in exports which were reported as 16,112 units for July 2024. Suzuki recently issued a precautionary recall for nearly 4 lakh units last month. Tap here to read about it.
Royal Enfield – 61,208 units
Royal Enfield reported a 7.34 percent decline in domestic sales and 14 percent decline in exports for its YoY sales figures. The company also reported a 7.42 percent decrease in sales compared to the previous month. Royal Enfield will be launching an update for the Classic 350 on August 12. Tap here to know more.
| July 2024 Two-Wheeler Sales | |||||
|---|---|---|---|---|---|
| Company | July 2024 | June 2024 | % change | July 2023 | % change |
| Honda | 4,39,118 | 4,82,597 | -9 | 3,10,667 | 41.34 |
| Hero | 3,47,535 | 4,91,416 | -29.27 | 3,71,204 | -6.37 |
| TVS | 2,54,250 | 2,55,734 | -0.58 | 2,35,230 | 8.08 |
| Bajaj | 1,68,847 | 1,77,207 | -4.71 | 1,41,990 | 18.91 |
| Suzuki | 1,00,602 | 71,086 | 41.52 | 80,309 | 25.26 |
| Royal Enfield | 61,208 | 66,117 | -7.42 | 66,062 | -7.34 |
