Honda Two Wheelers India recorded robust sales growth in October. Honda's sales in October 2024 stood at 5,54,249 units, an increase from 4,03,604 units in October 2023. Along with such tremendous sales growth Honda is also celebrating 10 million (1 crore) cumulative sales across the central Indian states of Uttar Pradesh, Madhya Pradesh, Uttarakhand, and Chhattisgarh. As well as the company has set a milestone by selling 5 million units in Karnataka.

Honda 2W Sales In October 2024 Chart -

Sales Growth (October 2023 vs October 2024):

• Honda's sales in October 2024 stood at 5,54,249 units, an increase from 4,03,604 units in October 2023.
• This represents a sales increase of 37.38% (i.e., 5,54,249 - 4,03,604 = 1,50,645 additional units).

Market Share Comparison:

• Honda's market share in October 2024 was 26.84%, which is a slight increase from 26.65% in October 2023, showing an increase of 0.19% in market share.
• Although Honda's market share is slightly lower than Hero MotoCorp, Honda is a strong second player in the Indian market and is particularly dominant in the scooter segment.
• Popular models like Activa, Shine, and CB series bikes continue to drive its success.

Positioning in the Market:

• Honda’s focus on scooters, especially the Activa and Dio, has helped it maintain a strong presence in the Indian market.
• With a balanced portfolio of scooters and motorcycles, Honda continues to cater to both the mass commuter segment and the premium motorcycle segment (e.g., CB300R, CBR500R).
• The slight increase in Honda’s market share could be attributed to its consistent performance in both the entry-level and higher-end motorcycle segments, as well as its strong brand recognition.