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Honda 2-Wheeler Sales Report May 2023 Clocks in a 6.74% Fall

Published at June 7, 2023 by BikeJunction

Honda's two-wheeler sales in May 2023 showed a subdued performance. Domestic sales recorded 311,144 units, while exports accounted for 18,249 units, resulting in a total of 329,393 units sold. Comparatively, in May 2022, domestic sales were slightly higher at 320,844 units, and exports stood at 32,344 units, making a total of 353,188 units.

These figures indicate a decline in Honda's two-wheeler sales for May 2023 compared to the previous year. Domestic sales witnessed a decrease of 9,700 units, and exports experienced a decline of 14,095 units. As a result, there was an overall decline of 23,795 units, marking a 6.74% fall.

Struggling Against the Odds: Honda Two-Wheelers Experience Sales Slump in May 2023

Upon analysing the year-on-year growth percentage, a negative trend becomes apparent. Domestic sales for Honda witnessed a decline of 3.02%, while exports experienced a significant decrease of 43.58% in May 2023 compared to the same period in 2022.

This downward trend indicates that Honda encountered challenges in both the domestic and international markets. When examining the sales market share distribution for May 2023, accounting for 94.46% of the total sales, as has been consistently observed.
 

Honda 2W SalesMay 2023May 2022DifferenceGrowth % YoY

% Share 

May 2023

Domestic3,11,1443,20,844-9,700-3.0294.46
Exports18,24932,344-14,095-43.585.54
Total3,29,3933,53,188-23,795-6.74100.00

 

Honda 2W SalesMay 2023April 2023DifferenceGrowth % MoM

% Share 

April 2023

Domestic3,11,1443,38,289-27,145-8.0290.27
Exports18,24936,458-18,209-49.959.73
Total3,29,3933,74,747-45,354-12.10100.00

 

Honda's export market sales share took a significant hit, accounting for only 5.54% of the overall sales. This stark contrast underscores the company's heavy reliance on the domestic market, which could pose risks if domestic demand declined.

Shifting the focus to the month-on-month performance, comparing Honda's sales in May 2023 with April 2023, both domestic and export sales experienced a decline. Domestic sales saw a drop of 27,145 units, while exports decreased by 18,209 units, resulting in an overall decrease of 45,354 units. This signifies a negative growth rate of 8.02% on a month-on-month basis.

Examining the market share for April 2023, Honda's domestic sales held a dominant share of 90.27%, with exports contributing a mere 9.73% to the overall sales. However, the declining sales figures in both domestic and export markets indicate a challenging business environment for Honda during this period.

But before you go, read about how Royal Enfield Started Assembly Operations in Nepal.

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2025 KTM 390 Adventure R Showcased
November 4, 2024

KTM recently unveiled the 2025 390 Adventure R, updating it for adventure sports riders. The motorcycle benefits from a new 373 cc single-cylinder engine, which provides more power and torque and great off-road performance.  Electronics for ride modes and traction control have been added, along with a TFT display for further connectivity. The suspension system is further improved with an adjustable WP fork and an offset monoshock. The 2025 KTM 390 Adventure R seems to be an exciting adventure ride with a light frame and aggressive styling. Quick Highlights:Features a new 373cc single-cylinder engineEnhanced ride modes and traction control addedAggressive styling reminiscent of Dakar bikesEquipped with a color TFT displayExpected to launch in India soon afterThe 2025 KTM 390 Adventure has made its public debut. It will be on display at EICMA 2024. These images reveal the highly awaited adventure bike, the 390 Adventure R. It is the flagship model for the new generation of the KTM 390 Adventure range. That production model on display showcases some very interesting features. Bold Design Elements of the KTM 390 Adventure RThe new KTM 390 Adventure is bold in styling, almost along the lines of other KTM ADV models, but it does have some bold styling. It sports a front fairing that has a look and feel harking back to Dakar Rally bikes, complete with a horseshoe-shaped LED DRL and stacked twin LED projector lights. Above the headlight cluster is a tall windscreen that has a small letterbox-style cutout at the top for airflow to the rider. Another marked feature is the twin LED AUX lights placed near the fork stanchions. The fuel tank seems fairly large and is made visually larger with the aid of the tank extensions. The side and tail panels are also sturdy, as is the single unit of the seat that looks much like a rally bike in design but is highly practical. An orange beak, knuckle guards, and frame, along with part of the seat, are some of the key design elements on the KTM 390 Adventure R. Performance and Features Under the bodywork is the steel trellis frame, which has an adjustable WP fork supporting it and the offset monoshock. It has wire-spoke rims with tube-type tyres at both the front and rear and disc brakes. Note that the front disc has a neat cover that protects it from the elements when riding off-road. In addition, the 390 ADV R features protective devices as standard equipment, including a metal engine sump guard and bash plate. It's powered by the same 390 Duke's 393.3cc liquid-cooled, single-cylinder engine, which generates 45.3bhp and a maximum torque figure of 39Nm. It has made a great impact on performance figures in naked street format; it'd be very interesting to experience it all with the ADV version now. The KTM 390 Adventure R boasts a color TFT display with connectivity, including Bluetooth and navigation. Further, this motorcycle has a cruise control feature for long highway rides. The bike will be officially unveiled at EICMA 2024. Following its international debut, KTM is anticipated to launch the new 390 Adventure in India shortly thereafter.Before you go, have a look at the Top 5 Upcoming Bike Launches in November 2024.Follow us for the Latest Bike Industry UpdatesFacebook - https://bit.ly/BikeJunction_offl_fb Instagram-  https://bit.ly/BikeJunction_ofl_insta Twitter - https://bit.ly/BikeJunction_ofl_twitter  

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Bajaj Two-Wheeler Sales Report October 2024: 4,14,372 Units Sold & Growth By 2%
November 4, 2024

In October 2024, Bajaj saw a 2% increase in two-wheeler sales compared to October 2023. The company sold a total of 4,14,372 units of Bajaj bikes and scooters, up from 4,08,144 units in October last year. So far in 2024, Bajaj sold 23,98,497 units, compared to 21,79,057 units during the same period last year, showing a 10% growth. Bajaj YoY Sales October 2024 | Domestic & ExportsParticulars October 2024October 2023Change % Domestic 2,55,9092,78,486-8%Exports 1,58,4631,29,65822%Total 4,14,3724,08,1442% In October 2024, Bajaj's two-wheeler domestic sales went down by 8%. They sold 2,55,909 units compared to 2,78,486 units in October 2023. Moreover, their two-wheelers export sales also increased by 22%, with 1,58,463 units sold in October 2024 compared to 1,29,658 units in October 2023. Bajaj Sales YTD October 2024 | Domestic & ExportsParticulars April-October 2024April-October 2023Change % Domestic 14,75,20713,26,73711%Exports 9,23,2908,52,3208%Total 23,98,49721,79,05710% From April to October 2024, for domestic sales, Bajaj sold 14,75,207 units, which is 11% more than the 13,26,737 units they sold during the same time in 2023. They also exported 9,23,290 units, an 8% increase from the 8,52,320 units they exported in the same period last year. Overall, Bajaj's total YTD sales increased by 10%, going from 21,79,057 units in April-October 2023 to 23,98,497 units this year.  Before you go, don’t forget to check out the different types of bikes you can buy based on their fuel types. Follow us for the Latest Bike Industry UpdatesFacebook - https://bit.ly/BikeJunction_offl_fb Instagram-  https://bit.ly/BikeJunction_ofl_insta Twitter - https://bit.ly/BikeJunction_ofl_twitter 

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