Honda Announced Their 2W Sales Reports: 26.76% Hike in YoY Sales

Published at January 6, 2024 by BikeJunction

Honda Motors has launched its December sales in the 2W segment. Honda has reported a 26.76% increase in sales in December 2023. However, sales have declined by 29.19% compared to November 2023 in MoM sales.

Honda 2W Sales	Dec-23	Dec-22	Diff	Growth % YoY	% Share Dec 23
Domestic	2,86,101	2,33,151	52,950	22.71	90.22
Exports	31,022	17,020	14,002	82.27	9.78
Total	3,17,123	2,50,171	66,952	26.76	100

The company has sold 2,86,101 units this year; meanwhile, its domestic sales were around 2,33,151 last year. Apart from this, HMSI has hiked by 82.27% and sold 14,002 more vehicles as compared to last year’s 17,020 units.

Honda 2W Sales	Dec-23	Nov-22	Diff	Growth % MoM	% Share Dec 23
Domestic	2,86,101	4,20,677	-1,34,576	-31.99	93.93
Exports	31,022	27,172	3,850	14.17	6.07
Total	3,17,123	4,47,849	-1,30,726	-29.19	100.00

Hero Motors has registered a 31.99% decline in domestic MoM sales and sold 2,86,101 units as compared to 4,20,677 units in November 2023. However, the export sales were good for the company; it sold 3,850 more units than last month and got a hike of 14.17% in sales.

Month	Honda 2W Sales 2023	Honda 2W Sales 2022	Diff	%
Jan	2,76,610	3,15,216	-38,606	-12.25
Fed	2,26,943	2,85,706	-58,763	-20.57
Mar	1,97,531	3,09,550	-1,12,019	-36.19
Q1	7,01,084	9,10,472	-2,09,388	-23.00
Apr	3,38,290	3,18,734	19,556	6.14
May	3,11,144	3,20,857	-9,713	-3.03
Jun	3,02,756	3,55,565	-52,809	-14.85
Q2	9,52,190	9,95,156	-42,966	-4.32
H1	16,53,274	19,05,628	-2,52,354	-13.24
Jul	3,10,872	4,02,718	-91,846	-22.81
Aug	4,51,200	4,23,226	27,974	6.61
Sep	4,91,802	4,88,950	2,852	0.58
Q3	12,53,874	13,14,894	-61,020	-4.64
Oct	4,62,747	4,25,992	36,755	8.63
Nov	4,20,677	3,53,540	67,137	18.99
Dec	2,86,101	2,33,151	52,950	22.71
Q4	11,69,525	10,12,683	1,56,842	15.49
H2	24,23,399	23,27,577	95,822	4.12
Total	40,76,673	42,33,205	-1,56,532	-3.70

Here are some of the key highlights of CY sales:

HMSI's sales declined by 3.70% in the calendar year 2023 compared to 2022.
The company declined by 23.00% and 4.32%, respectively, in its first and second quarters.

Before you go, don’t forget to check out the comparison between Ninja ZX-6R and Aprilia RS660.

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