2-Wheeler Sales Report November 2024

The Federation of Automobile Dealers Associations has released 2 wheelers sales report for November 2024 that registered a YoY increase of 15.80% and a MoM increase of 26.67%. 

The table presents the sales performance of the 2-wheeler category over different time periods, comparing November 2024 to both November 2023 and October 2024.

• 2-Wheeler Sales (November 2024 vs. November 2023): In November 2024, a total of 2,615,953 2-wheelers were sold, representing a 15.80% year-over-year (YoY) increase from the 2,258,970 units sold in November 2023. This indicates a significant growth in the market for 2-wheelers over the past year.
• 2-Wheeler Sales (November 2024 vs. October 2024): Comparing November 2024 to the previous month, October 2024, there was a 26.67% increase in sales, with 2,615,953 units sold in November, up from 2,065,095 units sold in October 2024. This shows a strong upward trend in sales from one month to the next.

In summary, the data reflects both a steady year-on-year growth in the 2-wheeler market as well as a substantial month-on-month increase, indicating a positive momentum in the sales of 2-wheelers.

Cars Sales November 2024

2-Wheeler Sales In November 2024

The table provides a comprehensive overview of the sales performance of various two-wheeler companies for November 2024, comparing them with November 2023 and analyzing the market share changes.

Key Insights:

• Hero MotoCorp remains the leader in the market with the highest sales, reaching 915,468 units and experiencing a 13.79% YoY growth. However, despite this growth, its market share decreased by 1.74% to 35.00%.

Hero 2W Sales Nov 2024 

• Honda Motorcycle and Scooter India showed strong growth with a 27.07% YoY increase to 654,564 units, significantly boosting its market share by 9.73%, which now stands at 25.02%.
• TVS Motor and Bajaj Auto also performed well with 14.74% and 10.58% YoY growth, respectively, but both experienced a decline in market share: TVS by 0.91% and Bajaj by a larger 4.51%.

Bajaj Sales November 2024

• Royal Enfield and Suzuki Motorcycle saw more modest growth (around 10-11%), but they also faced a decline in market share: Royal Enfield’s market share fell by 3.82%, and Suzuki’s decreased by 4.45%.
• Yamaha India posted a 6.44% growth, yet its market share shrank by 8.08%.

Suzuki Sales in November 2024

• Ola Electric recorded a 2.89% decline in sales compared to the previous year, along with a 16.14% drop in market share, indicating some challenges in maintaining its position in the market.
• On the other hand, Ather Energy and Greaves Electric Mobility achieved impressive gains, with Ather’s sales up by 36.59% and Greaves showing a modest 1.20% increase. Both companies also saw a notable improvement in their market shares.
• Classic Legends and Piaggio showed relatively smaller changes, with Classic Legends growing by 25.09% and Piaggio experiencing a 9.24% decline in sales.
• The "Others Including EV" category, representing smaller or niche brands, saw a 14.68% decrease in sales and a significant 26.32% drop in market share.

Conclusion: Overall, the two-wheeler market experienced significant growth in November 2024, with a 15.80% YoY increase in total sales. The growth was driven by leading players like Honda and Hero, but several companies, including Bajaj, Yamaha, and others, faced market share losses. Electric vehicle manufacturers like Ather and Greaves showed positive momentum, while Ola Electric saw a decline. Despite overall growth in sales, many brands experienced shrinking market shares, signaling competitive pressures in the sector.