FADA Sales Report September 2024: 2-Wheeler Sales Declined By -8.51%, 12,04,259 Units Sold

FADA (Federation of Automobile Dealers Associations) has announced its September 2024 sales report that registered a YoY decline of 8.51% and a MoM decline of 10.01%. 

In September 2024, the industry clocked in a total sales volume of 1,204,259 units, whereas in September 2023, the industry saw sales of 1,316,300 units. This resulted in an 8.51% decline in YoY growth. Moreover, a 10.01% decline in MoM sales is seen, as in August 2024, sales figures were 1,338,237 units.

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

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

Hero MotoCorp LTD sold the most two-wheelers in September 2024, with 3,33,927 units. This is a 4.53% decline from the 349,784 units they sold in September 2023. However, their market share increased by 4.35%.

Honda Motorcycle and Scooter India came in second, selling 271,390 units in September 2024. This is a 22.96% decline from the 352,254 units they sold in September 2023. Their market share also declined by 15.79%.

TVS Motor Company Ltd was third, selling 221,257 units in September 2024 compared to 229,381 units sold in September 2023. Their sales declined by 3.54%, and the market share increased by 5.43%.

Bajaj Auto Ltd showed a 5.32% decline in sales, selling 141,668 units in September 2024 compared to 149,633 last year. Its market share increased slightly to 3.49%.

Suzuki Motorcycle India witnessed a decent growth of 0.61% YoY, with 74,287 units sold in September 2024, compared to 73,837 in September 2023. Suzuki’s market share also rose to 9.97%.

Royal Enfield motorcycles experienced a 10.37% decline in sales, with 57,504 units sold in September 2024, down from 64,159 last year. Its market share decreased to 2.03%.

Yamaha India sold 50,065 units in September 2024, which is a 0.86% increase from 49,639 units in September 2023. Moreover, their market share increased to 10.24%. 

In September 2024, Ola Electric reported total sales of 24,679, a whopping 31.90% increase compared to September 2023 sales of 18,711 units. Moreover, the company also gained a 44.17% market share rise. 

Ather Energy Pvt Ltd sold 12,718 units in September 2024. For comparison, the company registered sales of 7,195 units in September 2023, reporting an increase of 76.76%. Moreover, on the market share front, the company also experienced an increase of 93.21% this month.

Greaves Electric Mobility Pvt Ltd clocked in a total sales unit of 2,777 in September 2024, as compared to 3,613 units sold in September 2023. Due to this, the company saw a decline of 23.14% this month. Apart from this, the company also experienced a decline in its market share by 15.99% for September 2024. 

Piaggio sold 2,562 units in September 2024, a 13.27% decrease from the 2,954 units sold in September 2023. The company’s market share also dropped slightly to 5.20%.

Classic Legends, which offers retro-style motorcycles, sold 2,125 units in September 2024. This represents a 14.42% decline from the 2,483 units sold in September 2023. Their market share also fell to 6.46%.

Bgauss Auto Private Limited Sold 1,237 Units in September 2024 compared to 935 Units last year in the same month. This shows an impressive growth of 32.30%. 

The "Others Including EV" category showed the biggest decline, dropping by 31.21% YoY, with sales of 8,063 units, down from 11,722 in September 2023.

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