Two Wheeler Sales Report For June 2023

The sales report of five leading two-wheelers, including TVS, Bajaj, Royal Enfield, Hero and Honda.

Sales numbers for the top 5 OEMs in the Indian two-wheeler industry for June 2023 show a significant change in the sales numbers.  It shows a decline in overall sales on both a year and monthly basis. Higher two-wheeler expenses, increased EMIs, and decreased rural mood contributed to dismal demand in the two-wheeler motorbike market in June 2023. 

Total sales (domestic + exports) dropped YoY and MoM to 14,36,245 units in June 2023, down from 15,39,821 units in June 2022. This amounts to a volume decrease of 1,03,576 units. However, when compared to 15,53,319 units sold in May 2023, MoM sales declined by 7.54%, resulting in a 1,17,074 unit volume de-growth.

Considering the sales of the five top OEMs in the Indian two-wheeler industry sales year-on-year basis, increased by 0.67 %. In June 2022, 11,87,210 units were sold, which increased to 11,95,133 units in the previous month. MoM sales were down by 10.66% from 13,37,749 units sold in May 2023.

Two Wheeler Domestic Sales Report June 2023

In June 2023, Hero two-wheeler sales fell 8.73% year on year and 16.83% month on month to 4,22,757 units. In June 2022 and May 2023, 4,63,210 and 5,08,309 units were sold, respectively. The hero now controls 35.37% of this list. The Harley-Davidson X440 neo-vintage roadster will likely enhance sales in the coming months. However, the company also debuted the new Xtreme 160R 4V in June and a new 100cc Passion Plus and HF Deluxe line.

Honda sales fell year on year and month on month to 3,02,833 vehicles in June 2023. It was 22.14% less than the 3,55,560 units sold in July 2022. MoM sales declined 2.70% from 3,11,144 units sold in May 2023 to 3,11,144 units sold in May 2023. However, TVS increased its unit sales by 22.14% year on year to 2,35,833 in June 2023, and MoM sales fell by 6.67%. The same could be said for Bajaj Auto's 1,66,292 units and Royal Enfield with 67,495 units. Both automakers had YoY increases of 32.95% and 34.27%, respectively. However, the MoM sales fell about 14.64% and 4.66%.

Two Wheeler Exports June 2023

The two-wheeler Exports fell 31.62% year on year to 2,41,112 units in June 2023, down from 3,52,611 units in June 2022. MoM performance was somewhat higher, with an 11.85% increase over 2,15,570 units sold in May 2023. Every OEM on this list reports a YoY de-growth but MoM progress.

Bajaj Auto Limited led the export list with a 52.82% share, with shipping of 1,27,357 vehicles taking place last month. It was a 33.27% YoY decrease from 1,90,865 units sold in June 2022, but exports increased by 12.82% MoM from 1,12,885 units sent in May 2023. TVS exports were 68,568 units in the previous month, a 31.86% decrease from the 1,00,625 units sold in June 2022. However, a 2.95% increase over the 66,605 units sold in May 2023. Honda, with 21,337 units, Hero MotoCorp, 14,236 units, and Royal Enfield, 9,614 units, all had YoY declines but MoM gains.

Total Two Wheeler Sales Report June 2023

Despite a YoY and MoM dip in Overall sales (domestic + exports), Hero MotorCorp topped the list with 4,36,993 units sold last month. It was followed by Honda, which sold 3,24,093 vehicles in June 2023, a 15.57% YoY and 1.61% MoM decrease. 

On the other hand, TVS's overall sales increased by 3.64% year on year to 3,04,401 units in June 2023. Despite a 4.66% drop in MoM sales, Bajaj Auto saw a YoY and MoM dip in sales last month, with 2,93,649 units sold. However, Royal Enfield saw a YoY increase of 25.57% to 77,109 units in June 2023.

For More Latest News, Do Check: June 2023 Sales Report For Electric 2-Wheeler Registers a Major Fall

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