FADA Sales Report November 2024: 2-Wheeler Sales Increased By 15.80%, 26,15,953 Units Sold

FADA (Federation of Automobile Dealers Associations) has announced its November 2024 sales report that registered a YoY increase of 15.80% and a MoM increase of 26.67%. 

In November 2024, the industry clocked in a total sales volume of 2,615,953 units, whereas in November 2023, the industry saw sales of 2,258,970 units. This resulted in a 15.80% increase in YoY growth. Moreover, an impressive 26.67% growth in MoM sales is seen, as in October 2024, sales figures were 20,65,095 units.

OEM-wise Market Share Data for November 2024 with YoY %

2-Wheeler OEMs Sales Figures & Market Share in November 2024

Hero MotoCorp LTD sold the most two-wheelers in November 2024, with 915,468 units. This is a 13.79% increase from the 804,498 units they sold in November 2023. However, their market share declined by -1.74%.

Honda Motorcycle and Scooter India came in second, selling 654,564 units in November 2024. This is a 27.07% increase from the 515,128 units they sold in November 2023. Their market share also increased by 9.73%.

TVS Motor Company Ltd. was third, selling 420,990 units in November 2024 compared to 366,896 units sold in November 2023. Their sales increased by 14.74%, but their market share degraded by 0.91%.

Bajaj Auto Ltd.'s sales increased by 10.58% to 304,221 units in November 2024, compared to 275,119 last year. However, its market share declined slightly to 4.51%.

Royal Enfield motorcycles experienced an 11.38% growth in sales, with 93,530 units sold in November 2024, up from 83,974 last year. Its market share decreased to 3.82%.

Suzuki Motorcycle India witnessed a 10.65% YoY growth, with 91,972 units sold in November 2024, compared to 83,121 in November 2023. Suzuki’s market share decreased to 4.45%.

Yamaha India sold 68,266 units in November 2024, which is a 6.44% increase from 64,133 units in November 2023. Moreover, their market share decreased to 8.08%. 

In November 2024, Ola Electric reported total sales of 29,204, a decline of 2.89% compared to November 2023 sales of 30,073 units. Moreover, the company also experienced a degrowth of 16.14% in the market share.

Ather Energy Pvt Ltd sold 12,760 units in November 2024. For comparison, the company registered sales of 9,342 units in November 2023, reporting a whopping increase of 36.59%. Moreover, on the market share front, the company also experienced an increase of 17.95% this month.

Greaves Electric Mobility Pvt Ltd clocked in a total sales unit of 4,469 in November 2024, as compared to 4,416 units sold in November 2023. Due to this, the company saw a growth of 1.20% this month. Apart from this, the company also experienced an increase in its market share by 18.61% for November 2024. 

Classic Legends, which offers retro-style motorcycles, sold 4,148 units in November 2024. This represents a 25.09% growth from the 3,316 units sold in November 2023. Their market share also increased to 8.02%.

Piaggio sold 3,154 units in November 2024, a 9.24% decrease from the 3,475 units sold in November 2023. The company’s market share also dropped slightly to 21.62%.

The "Others Including EV" category showed a decline of 14.68% YoY, with sales of 13,207 units, compared to 15,479 in November 2023.

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