Top 10 Motorcycles in India - FY2023 Yearly Sales Report

Top 10 Motorcycles in India - FY2023 Yearly Sales Report

The yearly motorcycle sales report for FY2023 is out now, and compared to the 73,87,645 motorcycles sold in FY 2022, sales of motorcycles increased by 14.06% to 84,26,714 in FY 2023.

The Splendor was the best-selling motorbike in FY 2023, and Hero MotoCorp ruled the motorcycle market. Sales of the Splendor brand grew 22.15% in FY 2023. It increased its volume by 5,90,358 units and now holds a 38.64% share of the market.

With an increase of 9.74% over the previous fiscal year, Honda CB Shine ranked second. In March 2023, the brand unveiled the new Shine 100, which is viewed as a serious competitor to the Hero Splendor. Delivery of the Honda Shine 100cc is expected to start in May 2023.

Sales of the Hero HF Deluxe fell in FY 2023 with a 9.71% YoY decline. On this list, HF Deluxe holds a 12.48% share of the market. Bajaj Pulsar series sales increased by 32.43% in FY 2023. There was a volume rise of 2,52,013 units.

With 5,34,017 units sold over the previous fiscal year, Bajaj Platina came in at No. 5. There was a 7.26% YoY decline from the units sold in FY 2022. With a  volume decline, the Platina held 6.34% of this market.

The TVS Apache, which sold 3,49,878 units in FY 2023, came in at No. 6. This represented an increase of 7.21% YoY from the 3,25,598 units sold in FY 2022. In February 2023, the TVS Apache achieved a new sales milestone of record-breaking 5 million units (50 lakhs).

8,34,895 units sold in FY 2023 marked the greatest sales ever for Royal Enfield. The RE Classic 350 saw sales of 3,14,982 units sold in FY 2023, a YoY increase of 17.70% from the units sold in FY 2022.

Hero Glamour sales had a YoY decline of 11.70% in FY 2023. The TVS Raider experienced the most YoY growth in this list, with a 211.94% increase. The Yamaha FZ was number 10 on the list with a 29.36% increase YoY.

Data Source - RushLane

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.