FADA Sales Report December 2024: 2-Wheeler Sales Degrowth By 17.64%, 11,97,742 Units Sold

FADA (Federation of Automobile Dealers Associations) has announced its December 2024 sales report that registered a YoY decrease of 17.64% and a MoM increase of 54.21%. 

In December 2024, the industry clocked in a total sales volume of 1,197,742 units, whereas in December 2023, the industry saw sales of 1,454,353 units. This resulted in a 17.64% decrease in YoY growth. Moreover, a 54.21% degrowth in MoM sales is seen, as in November 2024, sales figures were 2,615,953 units.

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

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

Hero MotoCorp LTD sold the most two-wheelers in December 2024, with 328,634 units. This is a 29.22% decrease from the 464,308 units they sold in December 2023. Moreover, their market share declined by 14.06%.

Honda Motorcycle and Scooter India came in second, selling 316,356 units in December 2024. This is an 8.34% decline from the 345,128 units they sold in December 2023. However, their market share increased by 11.30%.

TVS Motor Company Ltd. was third, selling 212,899 units in December 2024 compared to 233,398 units sold in December 2023. Their sales declined by 8.78%, but their market share increased by 10.76%.

Bajaj Auto Ltd.'s sales declined by 23.74% to 139,125 units in December 2024, compared to 182,443 two-wheelers last year. Moreover, its market share dropped slightly to 7.41%.

Suzuki Motorcycle India witnessed a 5.62% YoY degrowth, with 62,788 units sold in December 2024, compared to 66,530 in December 2023. Suzuki’s market share increased to 14.60%.

Royal Enfield motorcycles experienced a 3.64% degrowth in sales, with 54,024 units sold in December 2024, down from 56,063 last year. Its market share increased to 17.01%.

Yamaha India sold 41,651 units in December 2024, which is a 13.84% decline from 48,344 units in December 2023. However, their market share increased to 4.61%. 

In December 2024, Ola Electric reported total sales of 13,771, a decline of 54.80% compared to December 2023 sales of 30,470 units. Moreover, the company also experienced a degrowth of 45.12% in the market share. 

Ather Energy Pvt Ltd sold 10,431 units in December 2024. For comparison, the company registered sales of 6,553 units in December 2023, reporting a whopping increase of 59.18%.

Moreover, on the market share front, the company also experienced a rise of 93.28% this month.

Greaves Electric Mobility Pvt Ltd clocked in a total sales unit of 2,794 in December 2024, as compared to 2,977 units sold in December 2023. Due to this, the company saw a degrowth of 6.15% this month. Apart from this, the company experienced an increase in its market share by 10.54% for December 2024. 

Classic Legends, which offers retro-style motorcycles, sold 2,341 units in December 2024. This represents a 7.25% drop from the 2,524 units sold in December 2023. Their market share increased to 12.62%.

Piaggio sold 2,228 units in December 2024, a 26.03% decrease from the 3,012 units sold in December 2023. The company’s market share also dropped slightly to 10.18%.

The "Others Including EV" category showed a decline of 15.10% YoY, with sales of 10,700 units, compared to 12,603 in December 2023.

2-Wheeler Sales Figures in CY 24

The two-wheeler industry in India witnessed strong growth in CY'24, with a total sales of 18,912,959 units, marking a 10.78% year-on-year increase from CY'23. Hero MotoCorp retained its market leadership with 5,487,778 units sold, capturing a 29.02% market share. Honda Motorcycle & Scooter India followed with 4,797,974 units and a 25.37% share. TVS Motor Company ranked third with 3,238,852 units sold, holding a 17.13% market share. 

Notable players in the electric two-wheeler segment, such as Ola Electric and Ather Energy, showed promising performance, contributing to the overall growth. Suzuki, Royal Enfield, and Yamaha also maintained steady growth. This overall positive momentum reflects increased demand and consumer confidence in the two-wheeler market in India.

Before you go, don’t forget to check out the weekly updates on the two-wheeler industry.