FADA Sales Report June 2024: 2-Wheeler Sales Increased By 4.66%, 1,375,889 Units Sold

FADA (Federation of Automobile Dealers Associations) has announced its June 2024 sales report that registered a YoY increase of 4.66 % and a MoM decline of 10.36%. 

In June 2024, the industry clocked in a total sales volume of 1,375,889 units, whereas in June 2023, the industry saw sales of 1,314,628 units. This resulted in a 4.66% increase in YoY growth. However, a 10.36% decline in MoM sales is seen, as in May 2024 sales figures were 1,534,856 units.

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

Top 3 Highest 2-Wheeler OEMs Sales Figures & Market Share

Hero MotoCorp LTD sold the most two-wheelers in June 2024, with 397,029 units. However, this is 7.06% less than the 427,203 units they sold in June 2023. Their market share also dropped by 11.20%.

Honda Motorcycle and Scooter India came in second, selling 351,422 units in June 2024. This is a 24.00% increase from the 283,398 units they sold in June 2023. Their market share grew by 18.48%.

TVS Motor Company Ltd was third, selling 236,180 units in June 2024 compared to 227,163 units sold in June 2023. Their sales increased by 3.97% and the market share decreased by 0.66%.

Top 3 EV Manufacturers With Highest 2-Wheeler Sales Figures & Market Share

In June 2024, Ola Electric, as usual, took the first position in the electric two-wheeler market for selling the highest number of EVs. The company reported total sales figures of 36,723 in June 2024, marking a whopping growth of 107.57% when compared to June 2023 sales figures of 17,692 units. Moreover, the company also gained a market share rise of 98.33%. 

Ather Energy Pvt Ltd took the next position after Ola Electric by selling 6,104 units in June 2024. For comparison, the company registered sales of 4,603 units in June 2023, reporting an increase of 32.61%. Moreover, on the market share front, the company also experienced an increase of 26.70% this month.

Last but not least, the third position on the list is held by Greaves Electric Mobility Pvt Ltd for June 2024. The company clocked in a total sales unit of 2,713 in June 2024, as compared to 1,440 units sold in June 2023. Due to this, the company saw an impressive increase of 88.40% this month. Apart from this, the company also experienced an increase in its market share by 80.01% for June 2024. 

Before you go, don’t forget to check out the top 5 most affordable 160cc bikes to buy in India.

Follow us for the Latest Bike Industry Updates

Facebook - https://bit.ly/BikeJunction_offl_fb              
Instagram -  https://bit.ly/BikeJunction_ofl_insta              
Twitter - https://bit.ly/BikeJunction_ofl_twitter