Despite the popularity of scooters, motorcycles remain the number one mode of transportation in India. This is demonstrated month over month in terms of sales, and June 2024 is no different, with two-wheeler sales recording 21% year-on-year. increasing last month, while motorcycles saw a year-on-year growth of 5. 2%.
That said, brands like Hero MotoCorp, Bajaj and Royal Enfield are basically dependent on motorcycle sales and here are the five best-selling motorcycle brands in June 2024.
Royal Enfield is in fifth place, with 66,117 sets sold in June 2024, compared to 67,495 sets sold in June 2023, a decrease of 2% year-on-year. In May 2024, Royal Enfield witnessed decline in sales of some of its popular models like Classic 350, Hunter 350 and Himalaya. The trend continues in June as well and with the launch of the Guerrilla 450, RE will regain the lost ground.
In fourth position is TVS, with sales of 91,425 motorcycles in June 2024. At the same time in 2023, TVS sold 87,275 TVs in the domestic market, a year-on-year expansion of 4. 7%. For TVS, its commuter motorcycles are the best-sellers. , as well as the Apache series. TVS is also doing well with its electric offer, which we will see in the story.
Bajaj is in third place, having sold 1,59,516 motorcycles as of June 2024. For Bajaj, its commuter motorcycles are on the sensible sales charts, along with the Pulsar range; However, what could replace Bajaj’s fortunes is the launch of the world’s first CNG motorcycle, the Freedom. 125. For reference, Bajaj sold 1,59,161 motorcycles in June 2023.
Honda is in second place, chasing first place. In June 2024, Honda motorcycle sales accounted for 2,16,637 sets, up from 1,62,737 sets sold in the domestic market in June 2023, an annual expansion of 33. 1%. For Honda, its scooter sales surpassed the number of motorcycles sold in June.
Hero MotoCorp, the leading domestic distributor of two-wheelers in India in June 2024, with 4,62,545 motorcycles sold compared to 3,93,049 motorcycles in June 2023, an annual expansion of 17. 6%. For Hero, travelers are once again the most productive dealers, with Splendor leading the way.