Published at July 6, 2023 by BikeJunction
The sales report of five leading two-wheelers, including TVS, Bajaj, Royal Enfield, Hero and Honda.
Sales numbers for the top 5 OEMs in the Indian two-wheeler industry for June 2023 show a significant change in the sales numbers. It shows a decline in overall sales on both a year and monthly basis. Higher two-wheeler expenses, increased EMIs, and decreased rural mood contributed to dismal demand in the two-wheeler motorbike market in June 2023.
Total sales (domestic + exports) dropped YoY and MoM to 14,36,245 units in June 2023, down from 15,39,821 units in June 2022. This amounts to a volume decrease of 1,03,576 units. However, when compared to 15,53,319 units sold in May 2023, MoM sales declined by 7.54%, resulting in a 1,17,074 unit volume de-growth.
Considering the sales of the five top OEMs in the Indian two-wheeler industry sales year-on-year basis, increased by 0.67 %. In June 2022, 11,87,210 units were sold, which increased to 11,95,133 units in the previous month. MoM sales were down by 10.66% from 13,37,749 units sold in May 2023.
Domestic 2Wheeler | Units Sold in June 2023 | Units Sold in June 2022 | Difference | Growth % YoY | Share % June 2023 |
Hero | 4,22,757 | 4,63,210 | -40,453 | -8.73 | 35.37 |
Honda | 3,02,756 | 3,55,560 | -52,804 | -14.85 | 25.33 |
TVS | 2,35,833 | 1,93,090 | 42,743 | 22.14 | 19.73 |
Bajaj | 1,66,292 | 1,25,083 | 41,209 | 32.95 | 13.91 |
Royal Enfield | 67,495 | 50,267 | 17,228 | 34.27 | 5.65 |
Total | 11,95,133 | 11,87,210 | 7923 | 0.67 | 100.00 |
Domestic 2Wheeler | Units Sold in June 2023 | Units Sold in May 2022 | Difference | Growth % MoM | Share % May 2023 |
Hero | 4,22,757 | 5,08,309 | -85,552 | -16.83 | 38.00 |
Honda | 3,02,756 | 3,11,144 | -8,388 | -2.70 | 23.26 |
TVS | 2,35,833 | 2,52,690 | -16,857 | -6.67 | 18.89 |
Bajaj | 1,66,292 | 1,94,811 | -28,519 | -14.64 | 14.56 |
Royal Enfield | 67,495 | 70,795 | -3,300 | -4.66 | 5.29 |
Total | 11,95,133 | 13,37,749 | -1,42,616 | -10.66 | 100.00 |
In June 2023, Hero two-wheeler sales fell 8.73% year on year and 16.83% month on month to 4,22,757 units. In June 2022 and May 2023, 4,63,210 and 5,08,309 units were sold, respectively. The hero now controls 35.37% of this list. The Harley-Davidson X440 neo-vintage roadster will likely enhance sales in the coming months. However, the company also debuted the new Xtreme 160R 4V in June and a new 100cc Passion Plus and HF Deluxe line.
Honda sales fell year on year and month on month to 3,02,833 vehicles in June 2023. It was 22.14% less than the 3,55,560 units sold in July 2022. MoM sales declined 2.70% from 3,11,144 units sold in May 2023 to 3,11,144 units sold in May 2023. However, TVS increased its unit sales by 22.14% year on year to 2,35,833 in June 2023, and MoM sales fell by 6.67%. The same could be said for Bajaj Auto's 1,66,292 units and Royal Enfield with 67,495 units. Both automakers had YoY increases of 32.95% and 34.27%, respectively. However, the MoM sales fell about 14.64% and 4.66%.
2 Wheeler Exports | Units Sold in June 2023 | Units Sold in June 2022 | Difference | Growth % YoY | Share % June 2023 |
Bajaj | 1,27,757 | 1,90,865 | -63,508 | -33.27 | 52.82 |
TVS | 68,568 | 1,00,625 | -32,057 | -31.86 | 28.44 |
Honda | 21,337 | 28,322 | -6,985 | -24.66 | 8.85 |
Hero | 14,236 | 21,657 | -7,421 | -34.27 | 5.90 |
Royal Enfield | 9,614 | 11,142 | -1,528 | -13.71 | 3.99 |
Total | 2,41,112 | 3,52,611 | -1,11,499 | -31.62 | 100.00 |
2 Wheeler Exports | Units Sold in June 2023 | Units Sold in May 2023 | Difference | Growth % MoM | Share % May 2023 |
Bajaj | 1,27,357 | 1,12,885 | 14,472 | 12.82 | 52.37 |
TVS | 68,568 | 66,605 | 1,963 | 2.95 | 30.90 |
Honda | 21,337 | 18,249 | 3,088 | 16.92 | 8.47 |
Hero | 14,236 | 11,165 | 3,071 | 27.51 | 5.18 |
Royal Enfield | 9,614 | 6,666 | 2,948 | 44.22 | 3.09 |
Total | 2,41,112 | 2,15,570 | 25,542 | 11.85 | 100.00 |
The two-wheeler Exports fell 31.62% year on year to 2,41,112 units in June 2023, down from 3,52,611 units in June 2022. MoM performance was somewhat higher, with an 11.85% increase over 2,15,570 units sold in May 2023. Every OEM on this list reports a YoY de-growth but MoM progress.
Bajaj Auto Limited led the export list with a 52.82% share, with shipping of 1,27,357 vehicles taking place last month. It was a 33.27% YoY decrease from 1,90,865 units sold in June 2022, but exports increased by 12.82% MoM from 1,12,885 units sent in May 2023. TVS exports were 68,568 units in the previous month, a 31.86% decrease from the 1,00,625 units sold in June 2022. However, a 2.95% increase over the 66,605 units sold in May 2023. Honda, with 21,337 units, Hero MotoCorp, 14,236 units, and Royal Enfield, 9,614 units, all had YoY declines but MoM gains.
2 Wheeler Exports | Units Sold in June 2023 | Units Sold in June 2022 | Difference | Growth % YoY | Share % June 2023 |
Hero | 4,36,993 | 4,84,867 | -47,874 | -9.87 | 30.43 |
Honda | 3,24,093 | 3,83,882 | -59,789 | -15.57 | 22.57 |
TVS | 3,04,401 | 2,93,715 | 10,686 | 3.64 | 21.19 |
Bajaj | 2,93,649 | 3,15,948 | -22,299 | -7.06 | 20.45 |
Royal Enfield | 77,109 | 61,409 | 15,700 | 25.57 | 5.37 |
Total | 14,36,245 | 15,39,821 | -1,03,576 | -6.73 | 100.00 |
2 Wheeler Exports | Units Sold in June 2023 | Units Sold in May 2023 | Difference | Growth % MoM | Share % May 2023 |
Hero | 4,36,993 | 5,19,474 | -82,481 | -15.88 | 33.44 |
Honda | 3,24,093 | 3,29,393 | -5,300 | -1.61 | 21.21 |
TVS | 3,04,401 | 3,19,295 | -14,894 | -4.66 | 20.56 |
Bajaj | 2,93,649 | 3,07,696 | -14,047 | -4.57 | 19.81 |
Royal Enfield | 77,109 | 77,461 | -352 | -0.45 | 4.99 |
Total | 14,36,245 | 15,53,319 | -1,17,074 | -7.54 | 100.00 |
Despite a YoY and MoM dip in Overall sales (domestic + exports), Hero MotorCorp topped the list with 4,36,993 units sold last month. It was followed by Honda, which sold 3,24,093 vehicles in June 2023, a 15.57% YoY and 1.61% MoM decrease.
On the other hand, TVS's overall sales increased by 3.64% year on year to 3,04,401 units in June 2023. Despite a 4.66% drop in MoM sales, Bajaj Auto saw a YoY and MoM dip in sales last month, with 2,93,649 units sold. However, Royal Enfield saw a YoY increase of 25.57% to 77,109 units in June 2023.
For More Latest News, Do Check: June 2023 Sales Report For Electric 2-Wheeler Registers a Major Fall
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