Auto India Life 
In the fiscal year 2023-2024, India’s two-wheeler market experienced significant growth, with total sales reaching approximately 18 million units, marking a notable increase from previous years. Were Sold In Indian Market In 2024 How Many Bikes?
Company-Wise Sales Breakdown:
- Hero MotoCorp:
- Annual Sales: Hero MotoCorp maintained its leadership position with a 14.6% year-on-year growth.
- October 2024 Performance: The company sold 679,091 units, reflecting an 18.12% increase from October 2023.
- Honda Motorcycle & Scooter India (HMSI):
- Honda continued to be a dominant player in the scooter segment, contributing significantly to the overall two-wheeler sales.
- TVS Motor Company:
- Quarterly Performance: In the second quarter, TVS reported a 15% year-over-year increase in total two-wheeler sales, surpassing one million units.
- Bajaj Auto:
- Quarterly Performance: Bajaj Auto reported a 21% increase in adjusted profit for the second quarter, driven by a surge in domestic motorcycle sales.
- Royal Enfield:
- The brand experienced a 24.3% increase in sales during the fiscal year, indicating strong demand for its motorcycles.
- Ola Electric:
- Ola Electric’s market share declined from over 50% in April to 27% in September, with September sales at 23,965 units.
Market Trends:
- The scooter segment witnessed a growth of 20.9%, while motorcycles grew by 14.8%.
- Electric two-wheelers gained traction, with brands like Ola Electric initially leading the market, though facing increased competition from traditional manufacturers entering the EV space.
Conclusion:
The Indian two-wheeler market in 2024 showcased robust growth across various segments, with established manufacturers like Hero MotoCorp, Honda, TVS, and Bajaj Auto maintaining strong sales figures. The increasing adoption of electric vehicles indicates a shift towards sustainable mobility solutions, with both new entrants and traditional manufacturers vying for market share.
