FADA 2-Wheeler YoY Sales Report March 2023

Published at April 5, 2023 by BikeJunction

FADA 2-Wheeler YoY Sales Report March 2023

As per March 2023 sales data recently released by FADA (Federation of Automobile Dealers Associations), the Indian 2-wheeler industry showed a massive growth of 12.42% YoY compared to March 2022.

Category	March 2023	March 2022	YoY % Growth
2-wheelers	14,45,867	12,86,109	12.42%

For March 2023, 14,45,867 units of total 2-wheelers were sold in the Indian market. This indicates an increase in the total 2-wheeler sales in India by 1,59,758 units, translating to a 12.42% 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 March 2022 stood at 12,86,109 units.

OEM-wise Sales & Market Share Data for the Month of March’23 with YoY Comparison

FADA Sales Report	Mar'23		Mar'22		YOY% Growth
Two-Wheeler OEM	Sales Unit	Market Share	Sales Unit	Market Share	Sales Unit	Market Share
Hero Motocorp Ltd	466,963	32.30%	414,869	32.26%	12.56%	0.12%
Honda Motorcycle And Scooter India (P) Ltd	323,901	22.40%	281,936	21.92%	14.88%	2.19%
TVS Motor Company Ltd	237,920	16.46%	197,259	15.34%	20.61%	7.29%
Bajaj Auto Group	163,926	11.34%	142,790	11.10%	14.80%	2.12%
Bajaj Auto Ltd	1,61,594		1,42,790
Chetak Technology Ltd	2,332	-	-	-	-	-
Royal-Enfield (Unit Of Eicher Ltd)	69,791	4.83%	53,233	4.14%	31.10%	16.62%
Suzuki Motorcycle India Pvt Ltd	64,304	4.45%	49,429	3.84%	30.09%	15.72%
India Yamaha Motor Pvt Ltd	46,987	3.25%	44,187	3.44%	6.34%	-5.41%
Ola Electric Technologies Pvt Ltd	21,274	1.47%	9,145	0.71%	132.63%	106.93%
Ather Energy Pvt Ltd	12,076	0.84%	2,233	0.17%	440.80%	381.04%
Ampere Vehicles Private Limited	9,334	0.65%	6,341	0.49%	47.20%	30.94%
Hero Electric Vehicles Pvt. Ltd	6,652	0.46%	13,029	1.01%	-48.94%	-54.59%
Okinawa Autotech Pvt Ltd	4,507	0.31%	8,285	0.64%	-45.60%	-51.61%
Classic Legends Pvt Ltd	3,253	0.22%	4,265	0.33%	-23.73%	-32.16%
Piaggio Vehicles Pvt Ltd	3,072	0.21%	4,543	0.35%	-32.38%	-39.85%
Okaya EV PVT LTD	1,762	0.12%	-	-	-	-
Kinetic Green Energy & Power Solutions Ltd	1,641	0.11%	-	-	-	-
Others Including EV	8,504	0.59%	54,565	4.24%	-84.41%	-86.14%
Total	1,445,867		1,286,109

This year too, we see Hero MotoCorp leading the entire 2-wheeler market in India with more than 4,66,963 units sold. This year, the company saw an increase of 12.56% YoY, with the March 2022 sales figure at 4,14,869 units.

Second on the list is the Honda Motorcycle and Scooter India Pvt. Ltd., which saw a growth of 14.88%, with 3,23,901 units sold this year and 2,81,936 units last year in the same month. Finally, TVS Motor Company bagged 3rd place, with an increase of 20.61%, with 2,37,920 units sold this year and 1,97,259 units sold last year in the same month.

Ola Electric remained the number one player in the electric two-wheeler market as of last month, with a growth percentage of 132.63% this year. The company sold 21,274 units in March 2023 as compared to 9,145 units in March 2022.

Ola Electric is followed by Ather Energy Pvt Ltd., which saw a growth of a whopping 440.80%, with 12,076 units sold in March 2023 as compared to 2,233 units sold in March 2022. Ampere Vehicles Private Limited took the next place, reporting a growth of 47.20%, with 9,334 units sold in March 2023 as opposed to 6,341 units in March 2022.

Hero Electric Vehicles Pvt. Ltd, yet again, took a big dip this month of 48.94%, with 6,652 units sold in March 2023 as compared to 13,029 units sold in March 2022.

Don’t forget to check out the top OEM EV Bikes & Scooters sales number that crossed 7.2 lakh units for FY2023.

Are you searching for a new bike? Explore bikejunction & compare your choice of bike, we will help you out with a bike loan. Select your bike according to category and other specifications on Bike Junction with just one click. Follow our news section or Social Media handles to get the latest news & updates related to the bike industry in India.

Follow us for Latest Bike Industry Updates
Facebook - https://bit.ly/BikeJunction_offl_fb
Instagram - https://bit.ly/BikeJunction_ofl_insta
Twitter - https://bit.ly/BikeJunction_ofl_twitter
Youtube - https://bit.ly/BikeJunctionYUT