January 2024 sees uptick in new scooter, bike sales

    All brands reported both month-on-month as well as year-on-year increases.

    Published On Feb 05, 2024 12:05:00 PM

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    TVS Ntorq 125 price, scooter, bike sales 2024 January.
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    The first month of 2024 saw the six major OEMs in the Indian two-wheeler market regain traction over a rather slow December 2023. Read on to see how each company fared.

    Hero MotoCorp: 4,20,934 units

    With the unveiling of its largest-capacity motorcycle, the Mavrick 440, Hero will enter uncharted territory and compete in the premium segment with a self-branded product. And it will do so from the top of the Indian two-wheeler segment as it reported an 11.40 percent increase over its December 2023 numbers (3,77,842 units). Even compared to its January 2023 sales numbers (3,49,437 units), it reported a 20.46 percent increase.  

    Honda Motorcycle & Scooter India (HMSI): 3,82,512 units

    Continuing to retain its second place in the Indian market, Honda reported a 33.57 percent increase over its December 2023 numbers (2,86,101 units). In a similar vein, it also bettered its January 2023 sales figure of 2,78,143 units by 37.39 percent. Last month, Honda launched the NX500 adventure bike and to read more about that, tap here.

    TVS Motor Company: 2,68,233 units

    Hosur-based TVS rounds out the podium in the ICE two-wheeler market, with an 24.77 percent increase over its December 2023 number (2,14,988 units). Even when compared to the 2,16,471 units it sold in January 2023, it reported a 23.91 percent increase. On a recent investor call, we learned that the company is gearing up to launch a new electric two-wheeler and to know what it could be, tap here. It bears mentioning that this number doesn’t include sales of TVS’ electric two-wheelers – the iQube e-scooter range and the rather pricey and niche X.

    Bajaj Auto: 1,93,350 units

    Bajaj reported a 22 percent increase compared to its December 2023 figure of 1,58,370 units and a 35.81 percent increase compared to its sales figure for January 2023 (1,42,368 units). Bajaj will soon launch the updated Pulsar N150 and Pulsar N160 and to read about what’s going to change, tap here. It bears mentioning that Bajaj’s numbers include the sales of its Chetak range of e-scooters. 

    Also see:

    Electric scooter, bike sales January 2024: Ola sells over 30,000 units

    Suzuki: 80,511 units

    Crossing the 80,000-unit mark in a single month, Suzuki reported a 16.64 percent increase over its December tally of 69,025 units. Even when compared to its January 2023 number of 66,209 units, it reported a 21.60 percent increase. At the recently concluded Bharat Mobility Global Expo 2024, Suzuki showcased its middleweight offerings – the V-Strom 800DE adventure tourer and the GSX-8R sport bike, both of which are based on the same platform. 

    Royal Enfield: 70,556 units

    Compared to the 57,291 units Royal Enfield sold in December 2023, it reported a 23.15 percent increase. And even compared to its January 2023 sales tally of 67,702 units, it reported a small 4.22 percent increase. The company launched the Shotgun 650 and hiked prices of the new Himalayan for the first time last month.

    Also see:

    Royal Enfield Shotgun 650: Bullseye, or a shot in the dark?

    January 2024 sales
    January 2024December 2023% changeJanuary 2023%change
    Hero4,20,9343,77,84211.403,49,43720.46
    Honda3,82,5122,86,10133.572,78,14337.39
    TVS2,68,2332,14,98824.772,16,47123.91
    Bajaj1,93,3501,58,370221,42,36835.81
    Suzuki80,51169,02516.6466,20921.60
    Royal Enfield70,55657,29123.1567,7024.22

    Hero MotoCorp Bikes

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    Poll of the month

    Which brand showed the best India-bound two-wheelers at EICMA 2024?

    Hero (Xpulse 210, Xtreme 250, Karizma XMR 250, Vida Z)

     

    41.08%

    Royal Enfield (Classic 650 Twin, Bear 650, Flying Flea C6)

     

    27.14%

    KTM (390 Adventure R, 390 SMC R, 390 Enduro R)

     

    19.52%

    Aprilia (Tuono 457, Tuareg Rally)

     

    12.27%

    Total Votes : 538
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