Published at April 5, 2023 by BikeJunction
As per March 2023 sales data recently released by FADA (Federation of Automobile Dealers Associations), the Indian 2-wheeler industry showed a massive growth of 12.42% YoY compared to March 2022.
Category | March 2023 | March 2022 | YoY % Growth |
2-wheelers | 14,45,867 | 12,86,109 | 12.42% |
For March 2023, 14,45,867 units of total 2-wheelers were sold in the Indian market. This indicates an increase in the total 2-wheeler sales in India by 1,59,758 units, translating to a 12.42% year-on-year increase in total 2-wheeler retail. As a result, the figures for the total 2-wheeler sold in the Indian market for March 2022 stood at 12,86,109 units.
FADA Sales Report | Mar'23 | Mar'22 | YOY% Growth | |||
Two-Wheeler OEM | Sales Unit | Market Share | Sales Unit | Market Share | Sales Unit | Market Share |
Hero Motocorp Ltd | 466,963 | 32.30% | 414,869 | 32.26% | 12.56% | 0.12% |
Honda Motorcycle And Scooter India (P) Ltd | 323,901 | 22.40% | 281,936 | 21.92% | 14.88% | 2.19% |
TVS Motor Company Ltd | 237,920 | 16.46% | 197,259 | 15.34% | 20.61% | 7.29% |
Bajaj Auto Group | 163,926 | 11.34% | 142,790 | 11.10% | 14.80% | 2.12% |
Bajaj Auto Ltd | 1,61,594 | 1,42,790 | ||||
Chetak Technology Ltd | 2,332 | - | - | - | - | - |
Royal-Enfield (Unit Of Eicher Ltd) | 69,791 | 4.83% | 53,233 | 4.14% | 31.10% | 16.62% |
Suzuki Motorcycle India Pvt Ltd | 64,304 | 4.45% | 49,429 | 3.84% | 30.09% | 15.72% |
India Yamaha Motor Pvt Ltd | 46,987 | 3.25% | 44,187 | 3.44% | 6.34% | -5.41% |
Ola Electric Technologies Pvt Ltd | 21,274 | 1.47% | 9,145 | 0.71% | 132.63% | 106.93% |
Ather Energy Pvt Ltd | 12,076 | 0.84% | 2,233 | 0.17% | 440.80% | 381.04% |
Ampere Vehicles Private Limited | 9,334 | 0.65% | 6,341 | 0.49% | 47.20% | 30.94% |
Hero Electric Vehicles Pvt. Ltd | 6,652 | 0.46% | 13,029 | 1.01% | -48.94% | -54.59% |
Okinawa Autotech Pvt Ltd | 4,507 | 0.31% | 8,285 | 0.64% | -45.60% | -51.61% |
Classic Legends Pvt Ltd | 3,253 | 0.22% | 4,265 | 0.33% | -23.73% | -32.16% |
Piaggio Vehicles Pvt Ltd | 3,072 | 0.21% | 4,543 | 0.35% | -32.38% | -39.85% |
Okaya EV PVT LTD | 1,762 | 0.12% | - | - | - | - |
Kinetic Green Energy & Power Solutions Ltd | 1,641 | 0.11% | - | - | - | - |
Others Including EV | 8,504 | 0.59% | 54,565 | 4.24% | -84.41% | -86.14% |
Total | 1,445,867 | 1,286,109 | ||||
This year too, we see Hero MotoCorp leading the entire 2-wheeler market in India with more than 4,66,963 units sold. This year, the company saw an increase of 12.56% YoY, with the March 2022 sales figure at 4,14,869 units.
Second on the list is the Honda Motorcycle and Scooter India Pvt. Ltd., which saw a growth of 14.88%, with 3,23,901 units sold this year and 2,81,936 units last year in the same month. Finally, TVS Motor Company bagged 3rd place, with an increase of 20.61%, with 2,37,920 units sold this year and 1,97,259 units sold last year in the same month.
Ola Electric remained the number one player in the electric two-wheeler market as of last month, with a growth percentage of 132.63% this year. The company sold 21,274 units in March 2023 as compared to 9,145 units in March 2022.
Ola Electric is followed by Ather Energy Pvt Ltd., which saw a growth of a whopping 440.80%, with 12,076 units sold in March 2023 as compared to 2,233 units sold in March 2022. Ampere Vehicles Private Limited took the next place, reporting a growth of 47.20%, with 9,334 units sold in March 2023 as opposed to 6,341 units in March 2022.
Hero Electric Vehicles Pvt. Ltd, yet again, took a big dip this month of 48.94%, with 6,652 units sold in March 2023 as compared to 13,029 units sold in March 2022.
Don’t forget to check out the top OEM EV Bikes & Scooters sales number that crossed 7.2 lakh units for FY2023.
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