Two-wheeler sales surge in October 2024: Royal Enfield by 30.96%, Hero MotoCorp by 18.12%

Two-wheeler segment sales: two-wheeler segment in India has received positive momentum in festive season. With new launches and offers, top two-wheeler manufacturers of India intensified competition even as ir sales witnessed a growth. India’s leading two-wheeler manufacturers, Hero MotoCorp, TVS Motors, and Royal Enfield witnessed an overall growth in ir sales in October on a year-on-year basis.

Let us have a look at sales of se two-wheeler manufacturer for month of October 2024:

Hero MotoCorp

Hero MotoCorp registered a total of two-wheeler sales of 6,79,091 units in October 2024. motorcycle sales witnessed a growth of 20.11 per cent on a year-on-year basis. On or hand, scooter sales witnessed a decline of 5.01 per cent on a year-on-year basis. total domestic sales of Hero MotoCorp grew by 17.44 per cent on a year-on-year basis and exports also surged, registering a growth of 43.02 per cent on a year-on-year basis.

Overall, Hero MotoCorp registered a growth of 18.12 per cent on a year-on-year basis.

TVS Motor Company

TVS Motor Company saw total sales of 4,78,159 units in October 2023. motorcycle segment of TVS Motors witnessed a surge of 14.29 per cent on a year-on-year basis. scooter segment saw a surge of 17.14 per cent on a year-on-year basis. In electric segment, sales grew by 45.43 per cent on a year-on-year basis. sales of moped category witnessed a marginal growth of 0.73 per cent on a year-on-year basis.

domestic sales of TVS Motor company stood at 3,90,489 units, and saw a growth of 13.20 per cent on a year-on-year basis. Additionally, exports also surged, and re were 87,670 units of exports in October 2024. exports recorded a growth of 15.88 per cent on a year-on-year basis.

Overall, TVS Motor Company registered a growth of 13.68 per cent on a year-on-year basis in two-wheeler segment.

Royal Enfield

Royal Enfiled recorded total sales of 1,10,574 units in October 2024. company sells motorcycles in 350cc, 450cc, and 650cc segments. Royal Enfield recorded domestic sales of 1,01,886 units and saw a growth of 25.85 per cent on a year-on-year basis. exports of Royal Enfield stood at 8.688 units, having a growth of 149.87 per cent on a year-on-year basis. 

Overall, Royal Enfield registered a growth of 30.96 per cent on a year-on-year basis in two-wheeler segment.