The first month of FY2024 (April 2023 – March 2024) turned out to be a good one for the Indian automotive industry. Automakers recorded healthy YoY growth in passenger vehicles as well as in the two-wheeler segments. In the two-wheeler space, while Hero MotoCorp continues to lead the race, Bajaj, TVS and Royal Enfield have posted a strong uptick in domestic sales. Here, we have listed the best-selling two-wheeler brands in India in April 2023.
Best-selling two-wheeler brands in March 2023:
| Brand | April’23 | April’22 | YoY change | March’23 | MoM change |
| Hero MotoCorp | 3,86,184 | 3,98,490 | -3.09% | 5,02,730 | -23.18% |
| Honda | 3,38,289 | 3,18,732 | 6.14% | 1,97,512 | 71.28% |
| TVS | 2,32,956 | 1,80,553 | 29.02% | 2,40,780 | -3.25% |
| Bajaj | 1,81,828 | 93,233 | 95.02% | 1,52,287 | 19.3% |
| Royal Enfield | 68,881 | 53,852 | 27.91% | 59,884 | 15.02% |
| Suzuki | 67,259 | 54,327 | 23.80% | 73,069 | -7.95% |
Hero MotoCorp
Hero MotoCorp sold 3,86,184 units in the domestic market in April 2023, recording a 3.09% YoY decline in sales. In the same period last year, it sold 3,98,490 units. On an MoM basis, its sales dipped by 23.18% as it sold 5,02,730 units in March 2023.
Honda Motorcycle & Scooter India
Honda Motorcycle & Scooter India (HMSI) sold 3,38,289 units last month, recording a 6.14% YoY growth. In the same period last year, its domestic sales stood at 3,18,732 units. On an MoM basis, it recorded a massive 71.28% growth in sales as it sold 1,97,512 units in March 2023.
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TVS Motor Company managed to sell 2,32,956 units in April 2023, registering a 29.02% YoY growth. In the same period last year, its domestic sales stood at 1,96,596 units. On an MoM basis, its sales declined by 3.25% as it sold 2,40,780 units in March this year.
Bajaj Auto sold 1,81,828 two-wheelers in April 2023, recording a massive 95.02% YoY growth in domestic sales. In the same period last year, it sold 93,233 units. However, Bajaj’s exports continue to decline. On an MoM basis, it recorded a 19.3% growth in sales as it sold 1,52,287 units in March 2023.
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Royal Enfield
Royal Enfield managed to sell 68,881 units in April this year, recording a mere 27.91% YoY growth. In the same period last year, its sales stood at 53,852 units. Moreover, on an MoM basis, RE’s sales increased by 15.02% as it sold 59,884 units in March 2023.
Suzuki Motorcycle India
Finally, the last one on this list is Suzuki. The company sold 67,259 units in April 2023, recording a 23.80% YoY growth. In the same period last year, its sales stood at 54,327 units. However, on an MoM basis, its sales declined by 7.95% as it sold 73,069 units in March this year.
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