FADA February 2023 Sales Report Released: Witnesses a 14.75% Rise YoY

Published at March 7, 2023 by BikeJunction

FADA February 2023 Sales Report Released: Witnesses a 14.75% Rise YoY

For February 2023, 12,67,233 units of total 2-wheelers were sold in the Indian market. This indicates an increase in the total 2-wheeler sales in India by 1,62,924 units, translating to a 14.75% 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 February 2022 stood at 11,04,309 units.

Category	February 2023	February 2022	YoY %
2-wheelers	12,67,233	11,04,309	14.75%

This year too, we see Hero MotoCorp leading the entire 2-wheeler market in India with more than 3,90,673 units sold. This year, the company saw an increase of 12.14% YoY, with the February 2022 sales figure at 3,48,394 units.

Second on the list is the Honda Motorcycle and Scooter India Pvt. Ltd., which saw a growth of 22.45%, with 3,02,184 units sold this year and 2,46,784 units last year in the same month. Finally, TVS Motor Company bagged 3rd place, with an increase of 24.19%, with 2,11,337 units sold this year and 1,70,179 units sold last year in the same month.

Ola electric remained the number one player in the electric two-wheeler market as last month, with a growth percentage of a whopping 351.33% this year. The company sold 17,647 units in February 2023 as compared to 3,910 units in February 2022.

Ola Electric is followed by Ather Energy Pvt Ltd., which saw a growth of 347.02%, with 9,982 units sold in February 2023 as compared to 2,233 units sold in February 2022. Hero Electric Vehicles Pvt. Ltd, yet again, took a big dip this month of 20.42%, with 5,858 units sold in February 2023 as compared to 7,361 units sold in February 2022.

Find below the detailed and complete list of all the 2-wheeler manufacturers and their sales and market share this year compared to last year of the same month.

FADA Sales Report	Feb'23		Feb'22		MOM Growth
Two-Wheeler OEM	Sales Unit	Market Share	Sales Unit	Market Share	Sales Unit	Market Share
Hero Motocorp Ltd	3,90,673	30.83%	3,48,394	31.55%	12.14%	-2.28%
Honda Motorcycle And Scooter India (P) Ltd	3,02,184	23.85%	2,46,784	22.35%	22.45%	6.71%
TVS Motor Company Ltd	2,11,337	16.68%	1,70,179	15.41%	24.19%	8.22%
Bajaj Auto Ltd	1,38,426	10.92%	1,28,199	11.61%	7.98%	-5.90%
Royal-Enfield (Unit Of Eicher Ltd)	64,195	5.07%	46,413	4.20%	38.31%	20.53%
Suzuki Motorcycle India Pvt Ltd	58,992	4.66%	44,209	4.00%	33.44%	16.28%
India Yamaha Motor Pvt Ltd	42,695	3.37%	38,766	3.51%	10.14%	-4.02%
Ola Electric Technologies Pvt Ltd	17,647	1.39%	3,910	0.35%	351.33%	293.30%
Ather Energy Pvt Ltd	9,982	0.79%	2,233	0.20%	347.02%	289.55%
Hero Electric Vehicles Pvt. Ltd	5,858	0.46%	7,361	0.67%	-20.42%	-30.65%
Ampere Vehicles Private Limited	5,839	0.46%	4,306	0.39%	35.60%	18.17%
Okinawa Autotech Pvt Ltd	3,837	0.30%	5,924	0.54%	-35.23%	-43.56%
Classic Legends Pvt Ltd	3,156	0.25%	3,436	0.31%	-8.15%	-19.96%
Piaggio Vehicles Pvt Ltd	2,755	0.22%	4,174	0.38%	-34.00%	-42.48%
Chetak Technology Limited	1,307	0.10%	-	-	-	-
Others Including Ev	8,350	0.66%	50,021	4.53%	-83.31%	-85.45%
Total	12,67,233		11,04,309

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