February 2024 witnessed a rollercoaster of sales figures for the industry’s heavyweights, let’s dive into the statistics, providing a comprehensive overview
Hero MotoCorp
Hero MotoCorp, the reigning market leader, showcased its dominance by recording a remarkable 5.8 percent increase in sales compared to January 2024.
Clocking in at 4,45,257 units, Hero MotoCorp not only defended its top spot but also marked a significant 16.46 percent surge from the same period last year.
Honda Motorcycle & Scooter India (HMSI)
Retaining its sturdy position as the second-largest player, HMSI reported 4,13,967 units in February 2024, reflecting an 8.2 percent upswing from the previous month.
Impressively, the company witnessed an astounding 82.31 percent surge from its February 2023 figures, showcasing its consistent growth trajectory.
TVS Motor Company
Securing the third position, TVS Motor Company reported 2,67,502 units, experiencing a marginal 0.3 percent dip from January 2024.
Nevertheless, the company demonstrated resilience by outshining its performance from February 2023, boasting a commendable 20.82 percent increase.
Bajaj Auto
Bajaj Auto encountered a decline of 11.80 percent compared to January 2024, but a noteworthy 38.51 percent surge from February 2023. Notably, the figures encompass the sales of the Chetak e-scooter, highlighting Bajaj’s diversified portfolio.
Suzuki
Suzuki maintained its momentum with 83,304 units sold in February, marking a 3.47 percent increase from January 2024.
The Japanese giant exhibited a substantial 58.82 percent surge from its February 2023 sales figures, emphasizing its consistent upward trajectory.
Royal Enfield
Despite a slight dip of 3.73 percent from January 2024, Royal Enfield showcased resilience by surpassing its February 2023 figures by 5.41 percent.
The iconic brand is gearing up for expansion, focusing on enhancing its 450cc lineup and introducing additional 650cc models.