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
Does the Hero Splendor Pro come with electric start?
2023-09-20 08:00:18 AM

Yes, the Hero Splendor Pro is equipped with an electric start option along with a kick start, providing convenience and ease of use.

How is the maintenance cost for the Hero Splendor Pro?
2023-09-20 07:59:00 AM

The maintenance cost for the Hero Splendor Pro is generally affordable. Regular servicing and maintenance checks are recommended to check performance of the bike.

Is Hero splendor pro bike safe?
2023-09-20 07:54:37 AM

Yes, the hero splendor pro is a safe, reliable and affordable commuter bike ideal for city riding. 

Is Hero Splendor Pro is discontinued?
2023-09-20 07:50:32 AM

The Splendor PRO seems to have been discontinued by Hero MotoCorp in India. Dealerships are no longer taking bookings for the bike since they are out of stock.

Which is better, Hero Splendor Plus or TVS Raider?
2023-09-07 04:20:13 AM

Both TVS Raider and Hero Splendor Plus are good commuters and offer a lot to the riders. TVS’ has certainly come back to the 125cc segment with a bang with the Raider. It’s fun to ride, feature-packed, feels rather premium, and is well-priced too. It is definitely one of the most well-rounded offerings in the 125cc space. On the other hand, the Splendor is one of the most iconic motorcycles in India and also one of the best-selling. It has proved itself as a dependable workhorse and is backed by a massive sales and service network. However, it remains to be seen whether the Splendor Plus BS6’s sales success will survive the sizable price hike. Moreover, we would suggest you take a test ride before making the final decision. Follow the link and select your city and brand accordingly for dealership details.