According to Nov 2022 sales data released by the Federation of Automobile Dealers Associations (FADA), the Indian 2W segment showed a huge growth of 24% YoY but fell marginally by 0.9%, when compared to Nov’19, a pre-covid year.
This segment is slowly turning the tides from negative to positive as the same can be witnessed from retail sales due to the ongoing wedding season.
Continuing to lead the segment is Hero MotoCorp with more than 6.36 lakh units for November 2022, followed by Honda Motorcycle and Scooter India with 4.62 lakh plus units and TVS Motor Company with 2.70 lakh plus units.
In the electric two wheeler segment, Ola electric remained the number one player with 16,306 units. It was followed by Ampere with 12,257 units, Okinawa Autotech with 9059 units and Hero Electric with 9014 units.
OEM wise Market Share Data for the Month of November’22 with YoY comparison
Two-Wheeler OEM
NOV'22
Market Share (%), NOV'22
NOV'21
Market Share (%), NOV'21
HERO MOTOCORP LTD
6,36,064
34.42%
5,49,443
36.76%
HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD
4,62,163
25.01%
3,66,486
24.52%
TVS MOTOR COMPANY LTD
2,70,551
14.64%
2,20,779
14.77%
BAJAJ AUTO LTD
2,10,251
11.38%
1,72,029
11.51%
SUZUKI MOTORCYCLE INDIA PVT LTD
72,172
3.91%
48,982
3.28%
ROYAL-ENFIELD (UNIT OF EICHER LTD)
69,211
3.75%
37,149
2.49%
INDIA YAMAHA MOTOR PVT LTD
53,560
2.90%
47,168
3.16%
OLA ELECTRIC TECHNOLOGIES PVT LTD
16,306
0.88%
-
0.00%
AMPERE VEHICLES PRIVATE LIMITED
12,257
0.66%
1,990
0.13%
OKINAWA AUTOTECH PVT LTD
9,059
0.49%
5,372
0.36%
HERO ELECTRIC VEHICLES PVT. LTD
9,014
7,023
0.47%
ATHER ENERGY PVT LTD
7,765
0.42%
2,203
0.15%
CLASSIC LEGENDS PVT LTD
3,673
0.20%
2,976
PIAGGIO VEHICLES PVT LTD
3,523
0.19%
4,772
0.32%
OKAYA EV PVT LTD
1,783
0.10%
JITENDRA NEW EV-TECH PVT. LTD
1,254
0.07%
256
0.02%
BEING INDIA ENERGY AND TECHNOLOGY PVT LTD
1,215
857
0.06%
PUR ENERGY PVT LTD
924
0.05%
1,687
0.11%
TWENTY TWO MOTORS PVT LTD
854
KINETIC GREEN ENERGY & POWER SOLUTIONS LTD
838
Others Including EV
5,271
0.29%
25625
1.71%
Total
18,47,708
100%
14,94,797
Source: FADA Research
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