2-Wheeler Sales Report - Hero vs Honda vs Royal Enfield vs Bajaj vs TVS

2-Wheeler Sales Report - Hero vs Honda vs Royal Enfield vs Bajaj vs TVS

Hero seized complete control of the domestic 2W market in February 2023. Among the top five 2W manufacturers, it sold 3,82,317 units and has a 37.65% market share. Hero grew by 15.34% year on year and 9.41% month on month, gaining 50,855 and 32,880 units in volume. Honda was unable to replicate Hero's success, with sales falling 20.52% YoY and 18.36% MoM to 2,27,064 units.

With 2,21,402 units, TVS came pretty close to Honda last month. The main highlights were 27.83% YoY growth and 2.28% MoM growth. TVS has a market share of 21.80%, trailing Honda by only 0.56%. Bajaj finished fourth with 1,20,335 units sold, registering 24.67% YoY growth and a 14.06% MoM decline.

Royal Enfield is in fifth place, with 64,436 units sold last month. It increased by 23.59% year on year while decreasing by 4.82% month on month. The top five 2W brands accounted for 10,15,554 units in total. We saw an 8.15% YoY growth and a 3.44% MoM decline compared to 9,38,995 units sold in February 2022 and 10,51,781 in January 2023.

Hero MotoCorp took the top spot in total sales. TVS surpassed Honda in exports thanks to solid numbers. Honda, like its domestic sales, fell completely into the red. Bajaj was unable to achieve positive growth. Royal Enfield achieved solid YoY growth but experienced an MoM decline.

Data Source


Related Questions and Answers

Most Popular Answers for Hero Splendor
Is Hero Splendor plus safe?
2023-01-16 09:53:23 AM

The buying experience of the Hero Splendor Plus Black and Accent Edition was good. The engine is reliable and the riding experience is okay considering the 97.3 cc engine. The sitting posture is excellent and the bike is comfortable to ride. The Splendor Plus is a great choice for daily commuters and short rides. The bike is also a great value for money. The mileage of the Splendor Plus is also good and it is a great bike for long distance trips. Overall, the Hero Splendor Plus Black and Accent Edition is a great bike and a great choice for those looking for a reliable, comfortable and value-for-money bike.

Is Hero Splendor good for hills?
2023-01-16 09:52:17 AM

As per my experience, the Hero Splendor Plus is a great choice for riding in hilly areas or on flyovers, even with an extra pillion. It is lightweight and has great power, making it easy to manoeuvre on any terrain. The brakes are also good and provide strong stopping power. We would suggest taking a test drive of this bike to ensure your comfort level while riding in hilly areas, as it may vary from person to person.

Why Hero Splendor Plus is so popular?
2023-01-16 09:50:20 AM

The Hero Splendor Plus is one of the most popular motorbikes in India due to its superior performance, affordability, and stylish design. It is powered by a reliable and powerful 97.2cc engine that delivers a maximum power of 7.91 Bhp @ 8000 rpm and a torque of 8.05 Nm @ 5000 rpm. The bike also comes with a comfortable seating position, a wide range of features, and a long-lasting battery. With its combination of style, performance, and affordability, it's no wonder why the Splendor Plus is one of the most sought-after bikes in India.

Is Hero Splendor Plus worth buying?
2023-01-03 05:23:10 AM
The Hero Splendor Plus is an excellent choice for those looking for a reliable, low-cost commuter bike. Its low-maintenance design makes it a great option for those who want to get around without having to worry about frequent upkeep. Plus, its fuel efficiency of around 70 km/l makes it incredibly economical to run. In terms of features, it offers a host of convenience and safety features, like a side-stand indicator, and a tubeless tyre option. Furthermore, its proven reliability over the years makes it a great choice for those looking for a long-term companion. All in all, the Hero Splendor Plus is definitely worth considering for those looking for a reliable and low-cost bike.
What is the required tyre air pressure for Hero Splendor Plus?
2023-01-03 05:22:52 AM
The recommended tyre air pressure for Hero Splendor Plus is 26 psi for the front tyre and 28 psi for the rear tyre. It is important to ensure that your tyres are inflated to the correct pressures to ensure that they are safe and perform optimally. It is recommended that you check your tyre pressures at least once a week.