Two-wheeler sales improve in June 2024, low-year ago base drives numbers

Two-wheeler sales improve in June 2024, low-year ago base drives numbers

The domestic two-wheeler industry it seems has seen improved pick-up in sales. The rural market, along with demand for premium products has helped two-wheeler makers report strong wholesales numbers in June. 

The country’s largest two-wheeler maker Hero MotoCorp reported domestic sales of 491,416 units, up 16 percent, as compared to 422,757 units for the same period last year. The company says it continued to bolster its presence in the 125cc, premium and EV segments. It is also simultaneously expanding its network of Hero Premia and Hero 2.0 stores to enhance the overall customer experience.

During the month, the company achieved its highest-ever dispatches for the VIDA V1. Furthermore, Hero MotoCorp aims to expand its EV portfolio with new products in the mid- and mass-segments this fiscal.

Honda Motorcycle & Scooter India (HMSI) was closely behind the market leader with domestic wholesales of 482,597 unit, an impressive growth of 59 percent YoY. 

Chennai-headquartered TVS Motor Co clocked sales of 255,734 units, which was 8 percent higher YoY. 

Bajaj Auto reported a moderate growth of 7 percent, which saw the company selling 177,207 units in the domestic market. 

Suzuki Motorcycle India reported wholesales of 71,086 units, which was 13 percent YoY. 

Royal Enfield, the leading mid-size motorcycle maker saw its domestic volume degrow by 2 percent, with wholesales of 66,117 units versus 67,495 units for the same period last year. 

B Govindarajan, CEO, Royal Enfield said, "We remain steadfast on our long term plans and are making considerable progress towards the same. This year will be an exciting one for Royal Enfield, as we have several new launches planned that will significantly strengthen our product portfolio. This month, our highly anticipated roadster - the Guerrilla 450 - will be launched across the world, and we are very excited about the possibilities it will unlock for us in the middle weight category.”

Ola Electric, the country’s largest electric two-wheeler manufacturer, continues to lead the charts with sales of 36,716 units, a growth of 108 percent YoY.

Interestingly, with the election season behind, and the country expected to witness above-normal monsoon in July, two-wheeler makers would expect the rural segment to further pick-up pace, and in turn demand. 

CompanyJun '24Jun '23Change (in units)Change (in %)
Hero MotoCorp491,416422,75768,65916%
Honda Motorcycle & Scooter India482,597302,756179,84159%
TVS Motor Co255,734235,83319,9018%
Bajaj Auto177,207166,29210,9157%
Suzuki Motorcycle India71,08663,0598,02713%
Royal Enfield66,11767,495-1,378-2%
Ola Electric36,71617,69219,024108%

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    TVS Apache RTR 160 4V Launched At INR 139,990

    TVS Apache RTR 160 4V

    TVS Motor Company, a leading two- and three-wheeler manufacturer, has launched the updated TVS Apache RTR 160 4V at INR 139,000.

    The TVS Apache RTR 160 4V is powered by a 159.7cc, oil-cooled, fuel-injected, 4-valve, which produces 17.55 PS at 9,250 rpm and 14.73 Nm of torque at 7,500 rpm.

    It comes with a segment-first 37mm Upside Down (USD) suspension and three ride modes — Sport, Urban, and Rain, which the company claims enhance control, stability, and adaptability across diverse riding conditions.

    Like with most of the new models from the TVS Motor Co’s stable, the Apache RTR 160 4V now comes with TVS SmartXonnect technology, which provides Bluetooth connectivity, providing turn-by-turn navigation, call & SMS alerts, and voice assist.

    In terms of design, the refreshed TVS Apache RTR 160 4V’s can be had in three colour options – Granite Grey, Matte Black, and Pearl White, which are complemented by sporty, race-inspired graphics, golden-finish USD forks, and red alloy wheels. 

    Vimal Sumbly, Head of Business – Premium, TVS Motor Company, said, “We are proud to lead the way in engineering and innovation in motorcycles. With that commitment, we are excited to announce the upgrade of the TVS Apache RTR 160 4V with cutting-edge features and advanced technology. Built on a rich racing legacy, the TVS Apache Series proudly serves over 5.5 million enthusiasts, making it one of the fastest-growing premium motorcycle brands globally. We are committed to meeting the evolving needs of our customers by integrating performance, technology, and style. By constantly evolving in our set of offerings, we have set new benchmarks for performance motorcycles in India.”

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      KAW Veloce Motors Unveils VLF Tennis E-Scooter And Brixton Motorcycles

      KAW Veloce Motors Unveils VLF Tennis E-Scooter And Brixton Motorcycles

      KAW Veloce Motors Pvt Ltd (KVMPL) has unveiled the Brixton brand of motorcycles (600 cc and 1200 cc) and an e-scooter of the Italian brand Velocifero (VLF) called Tennis in Kolhapur, Maharashtra.

      The unveiling of both the machines – the motorcycle with an ICE and the e-scooter with a battery and motor – at the Highland Club on the outskirts of the city took place amid much fanfare.

      The Brixton motorcycle and VLF e-scooter – with an angular bodywork overall that is synonymous with Italian design culture and featuring a 2.1kW hub motor, and a range of 130 km – will be offered through the MotoHaus retail channel, the first outlet of which is set to be commissioned in a few days from now in Kolhapur.

      Both the two-wheelers – the e-scooter is priced at INR 1,30,000 ex-showroom – are being put together (from a CKD kit) at a plant that is about 12 km from the launch venue as part of the Phase I strategy. To be offered through MotoHaus outlets in cities Mumbai, Thane, Pune, Jaipur, Vapi, Goa, Bangalore, Chennai, Cochin, Nashik, Nagpur, Surat, Ahmedabad and Vadodara besides Kolhapur, the two vehicle brands are expected to be joined by a third Italian brand and an in-house electric two-wheeler brand at a later date.

      Once the Phase I strategy plays out and the Bixton and VLF offerings find a footing in the Indian market, the company will embark on the Phase II strategy that will include a design and development centre at Kolhapur. The strategy will also include a manufacturing plant that can do 25,000 units and enable the engineering of a robust supply chain in terms of localisation.

      It is at the Phase II level that investments from Brixton Motorcycles (Austria) and VLF are expected to come into the venture, which is initially supported by the parent company of KAW Veloce.

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        Norton Motorcycles Announces Leadership Change, Nevijo Mance Joins As Executive Director

        Nevijo Mance

        TVS Motor Company-owned British premium motorcycle brand Norton Motorcycles, has announced changes to its leadership structure.

        The company has announced Dr. Robert Hentschel, currently CEO, will step back from his role effective immediately. He will transition to a non-executive director role within the company.

        On the other hand, Nevijo Mance will join Norton Motorcycles as Executive Director, overseeing all upstream business operations, as part of the new leadership structure.

        He will be responsible for product design, development and engineering, manufacturing, procurement, quality control, and supply chain management.

        In addition, Richard Arnold, who was appointed Executive Director in June 2024, will be responsible for downstream business operations, including marketing, brand management, sales, distribution, customer relationship management, aftersales service, product management, and public relations.

        He will also be responsible for enhancing customer experience, expanding Norton’s market reach, and strengthening the brand’s presence across global markets.

        Dr Rober had been leading the company since 2021, and has been instrumental in strengthening Norton’s foundations, guiding the company through crucial stages of its growth plan and establishing a strong operational base. He had played a key role in synergistic relationship with parent TVS Motor Company, which has been pivotal in advancing Norton’s progress and setting the stage for future success.

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          TVS Motosoul 4.0 Date And Venue Announced

          TVS Motosoul 4.0 Date And Venue Announced

          TVS Motor Company (TVSM), a global manufacturer of two- and three-wheelers, has announced the date and venue for the fourth edition of its TVS MotoSoul festival. The two-day festival will be held at Vagator, Goa, on 6 and 7 December 2024 with a focus on eco-friendly branding and sustainable practices.

          Riding on this year’s theme of ‘Feel the Adrenaline, Feel the Inspiration, Feel the Groove’, TVS MotoSoul 4.0 is expected to draw visitors not only from India but also from other countries where the company has a presence. The two-day event promises attractive sessions like culinary experiences, wellness and personal care sessions, bike trips and tricks sessions and community and bonding sessions, as well as live music performances by top artists. The festival will provide attendees with a chance to participate in motorsports including dirt track racing, stunt shows and flat track challenges. Additionally, the attendees will be able to interact with race champions, riding experts and motorcycling legends.

          Vimal Sumbly, Head of Business – Premium, TVS Motor Company, said, “TVS MotoSoul is a mark of the motorcycling spirit. It celebrates the bond between man and machine. Each edition has not only grown in scale but has also deepened this connection among enthusiasts. Our commitment goes beyond just motorcycles; we are devoted to nurturing a thriving ecosystem of riders. As we gear up for TVS MotoSoul 4.0, we are excited to redefine the journey with extraordinary experiences, all wrapped in a vibrant and colourful theme that captures the free-spirited essence of our community. We are confident that our mission to democratise these experiences will lead to one of the most exhilarating celebrations of riders and their journeys at TVS MotoSoul 4.0.”

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