FADA (Federation of Automobile Dealers Associations) has announced its October 2024 sales report that registered a YoY increase of 36.34% and a MoM increase of 71.48%. CategoryOctober 2024October 2023YoY %September 2024MoM %2-Wheeler2,065,0951,514,63436.34%15,14,63471.48% In October 2024, the industry clocked in a total sales volume of 2,065,095 units, whereas in October 2023, the industry saw sales of 1,514,634 units. This resulted in a 36.34% increase in YoY growth. Moreover, an impressive 71.48% growth in MoM sales is seen, as in September 2024, sales figures were 15,14,634 units. OEM-wise Market Share Data for October 2024 with YoY % 2-Wheeler OEMs Sales Figures & Market Share in October 2024Hero MotoCorp LTD sold the most two-wheelers in October 2024, with 576,532 units. This is a 37.70% increase from the 418,672 units they sold in October 2023. Moreover, their market share increased by 1.00%. Honda Motorcycle and Scooter India came in second, selling 554,249 units in October 2024. This is a 37.32% increase from the 403,604 units they sold in October 2023. Their market share also increased by 0.72%. TVS Motor Company Ltd. was third, selling 351,950 units in October 2024 compared to 252,359 units sold in October 2023. Their sales increased by 39.46%, and their market share increased by 2.29%. Bajaj Auto Ltd showed a 28.41% increase in sales, selling 230,254 units in October 2024 compared to 179,308 last year. Its market share declined slightly to 5.82%. Suzuki Motorcycle India witnessed a 32.49% YoY growth, with 106,362 units sold in October 2024, compared to 80,278 in October 2023. Suzuki’s market share decreased to 2.82%. Royal Enfield motorcycles experienced a 36.12% growth in sales, with 95,113 units sold in October 2024, up from 69,873 last year. Its market share decreased to 0.16%. Yamaha India sold 68,153 units in October 2024, which is a 22.80% increase from 55,497 units in October 2023. Moreover, their market share decreased to 9.93%. In October 2024, Ola Electric reported total sales of 41,651, an impressive 74.33% increase compared to October 2023 sales of 23,892 units. Moreover, the company also gained a 27.86% market share rise. Ather Energy Pvt Ltd sold 15,993 units in October 2024. For comparison, the company registered sales of 8,484 units in October 2023, reporting a whopping increase of 88.51%. Moreover, on the market share front, the company also experienced an increase of 38.26% this month. Classic Legends, which offers retro-style motorcycles, sold 4,180 units in October 2024. This represents a 50.58% growth from the 2,776 units sold in October 2023. Their market share also increased to 10.44%. Greaves Electric Mobility Pvt Ltd clocked in a total sales unit of 3,981 in October 2024, as compared to 4,184 units sold in October 2023. Due to this, the company saw a decline of 4.85% this month. Apart from this, the company also experienced a decline in its market share by 30.21% for October 2024. Piaggio sold 3,241 units in October 2024, a 2.88% decrease from the 3,337 units sold in October 2023. The company’s market share also dropped slightly to 28.77%. The "Others Including EV" category showed an increase of 8.62% YoY, with sales of 13,436 units, up from 12,370 in October 2023.Before you go, don’t forget to check out the recently launched Royal Enfield Bear 650. 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
