FADA Sales Report August 2024: 2-Wheeler Sales Increased By 6.28%, 1,338,237 Units Sold

FADA (Federation of Automobile Dealers Associations) has announced its August 2024 sales report that registered a YoY increase of 6.28 % and a MoM decline of 7.29 %. 

In August 2024, the industry clocked in a total sales volume of 1,338,237 units, whereas in August 2023, the industry saw sales of 1,259,140 units. This resulted in a 6.28% increase in YoY growth. However, a 7.29% decline in MoM sales is seen, as in July 2024, sales figures were 1,443,463 units.

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

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

Hero MotoCorp LTD sold the most two-wheelers in August 2024, with 358,616 units. This is 2.87% more than the 348,613 units they sold in August 2023. However, their market share dropped by 3.21%.

Honda Motorcycle and Scooter India came in second, selling 352,605 units in August 2024. This is a 13.37% increase from the 311,026 units they sold in August 2023. Their market share grew by 6.67%.

TVS Motor Company Ltd was third, selling 236,597 units in August 2024 compared to 225,576 units sold in August 2023. Their sales increased by 4.89%, and the market share decreased by 1.31%.

Bajaj Auto Ltd showed a marginal 0.35% growth in sales, selling 149,031 units in August 2024 compared to 148,516 last year. Its market share dropped slightly to 5.58%.

Suzuki Motorcycle India witnessed a strong growth of 14.12% YoY, with 79,307 units sold in August 2024, compared to 69,492 in August 2023. Suzuki’s market share also rose to 7.38%.

Royal Enfield motorcycles experienced an 8.06% decline in sales, with 54,810 units sold in August 2024, down from 59,612 last year. Its market share decreased to 13.49%.

Yamaha India sold 51,996 units in August 2024, which is a 4.12% increase from 49,937 units in August 2023. However, their market share declined to 2.03%. 

In August 2024, Ola Electric reported total sales of 27,517, a whopping 46.76% increase compared to August 2023 sales of 18,750 units. Moreover, the company also gained a 38.08% market share rise. 

Ather Energy Pvt Ltd sold 10,830 units in August 2024. For comparison, the company registered sales of 7,157 units in August 2023, reporting an increase of 51.32%. Moreover, on the market share front, the company also experienced an increase of 42.38% this month.

Greaves Electric Mobility Pvt Ltd clocked in a total sales unit of 2,816 in August 2024, as compared to 2,926 units sold in August 2023. Due to this, the company saw a decline of 3.76% this month. Apart from this, the company also experienced a decline in its market share by 9.45% for August 2024. 

Piaggio sold 2,712 units in August 2024, a 9.63% decrease from the 3,001 units sold in August 2023. The company’s market share also dropped slightly to 14.97%.

Classic Legends, which offers retro-style motorcycles, sold 2,058 units in August 2024. This represents a 13.13% decline from the 2,369 units sold in August 2023. Their market share also fell to 18.26%.

The "Others Including EV" category showed the biggest decline, dropping by 23.21% YoY, with sales of 9,342 units, down from 12,165 in August 2023.

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