As we welcome 2025, the past year has been exciting for the two wheeler industry. The Indian two wheeler industry is dynamic and highly competitive, with big players fighting for market shares. This article explores the two-wheeler market, shedding light on India’s two-wheeler sales from April to November 2024. The market is primarily dominated by top players like Hero Motor Corp, Bajaj Auto, TVS, and other international brands such as Suzuki, Honda, and Yamaha. So, let’s unravel the sales of two-wheelers in India in 2024.
Leading Market Player: Hero Motocorp Ltd
Market Share: 31.38%
Second Leading Player: Honda Motorcycle & Scooter India Pvt.Ltd
Market Share: 23.22%
Third Leading Player: TVS Motor Company Ltd
Market Share: 16.83%
Source: Mordor Intelligence
| Company | 2024 Sales | 2023 Sales | %Change |
|---|---|---|---|
| Hero Motorcorp | 53,95,924 | 51,35, 129 | +5.08% |
| Honda | 40,92,126 | 39,73,186 | +2.99% |
| TVS | 29,65,744 | 24,89,121 | +19.15% |
| Bajaj Auto | 21,08,049 | 17,04,445 | +23.26% |
| Royal Enfield | 7,80,904 | 6,98,117 | +11.86% |
| Suzuki | 8,46,991 | 6,87,176 | +23.26% |
| Yahama | 6,06,560 | 5,56,308 | +9.03% |
Two-wheeler sales from April to November 2024 Source: RushLane
Top Two-Wheelers Brands that Sold Highest Number of Bikes & Scooters in India
- Hero Motorcorp Ltd
Hero Motorcorp Ltd has remained stable as the leading two-wheeler-selling manufacturer in India. In the financial year 2024, Hero Motorcorp Ltd sold 53,95,924 units of two-wheelers in India. The company has achieved a 5.08% year-on-year (YoY) growth. This steady growth demonstrates the company’s robust brand position and consumer trust. Hero Splendor and HF Deluxe models are the best-selling 2-wheelers from Hero Motorcorp, a popular choice among rural and urban buyers.
- Honda Motorcycle & Scooter India Pvt.Ltd
Honda Motorcycle & Scooter India Pvt. Ltd, the second largest 2 wheeler manufacturer in India, has shown exceptional growth in 2024. With a 2.99% YoY growth, the company has crossed more than 40 lakh two-wheelers sales. Honda Activa and Shine’s flagship two-wheelers continue to lead the sales, further solidifying the company’s position in the market.
- TVS Motor Company
The TVS Motor Company has strategically grown in 2024, increasing its sales by whopping 19.15%. The top-selling TVS two-wheelers, including TVS Jupiter, Apache RTR 160 4V and Apache RR 310, demonstrate the company’s robust position in the 2 wheeler sector in India.
- Bajaj Auto
Bajaj Auto has experienced a remarkable growth of 23.26%. The company launched the world’s first CNG motorcycle- the Freedom 125, and the largest Pulsar model- the Pulsar NS400Z. The Bajaj Pulsar, Plastina and the Bajaj Chetak are the top selling Bajaj bikes in 2024.
- Suzuki
Suzuki has experienced significant growth of a whopping 23.26%. The company’s growth and success are primarily contributed by its range of top-selling scooters like Suzuki Acess and Burgman and motorcycles like Gixxer, V-Strom SX 250 and Gixxer 250.
- Yamaha
Yamaha has craved a niche for itself in the Indian two-wheeler market with its plethora of premium bikes and scooters. It shows an impressive growth rate of 9.03% with its top-selling two-wheelers range of RayZR, FZ, MT15, R15 and Fascino, appealing to a wide section of customers.
- Royal Enfield
Royal Enfield has seen a strategic growth when it comes to YoY growth of 11.86%. The Chennai-based motorcycle manufacturer has a record-breaking sale of 7,80,904 in 2024 against 6,98,117 units sold in 2023. The Hunter 350, Classic and Meteor 350 have witnessed strong demand, making them the top-selling bikes of Royal Enfield.
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Also Check:- Franchise Opportunities in India and Its Benefits.
