Top selling two-wheeler brands in March 2023: TVS beats Honda

Shakti Nath Jha

Apr 05, 2023

Two-wheeler sales March 2023

Hero MotoCorp

Hero MotoCorp sold 5,02,730 units in the domestic market in March 2023, recording a 20.9% YoY growth. In the same period last year, its sales stood at 4,15,764 units. On an MoM basis, its domestic sales increased by 31.5%.

Two-wheeler sales March 2023

TVS Motor

TVS managed to sell 2,40,780 units in March'23, registering a massive 22.4% YoY growth. In the same period last year, its sales stood at 1,96,596 units. The company's iQube e-scooter has been selling in very good numbers. 

Two-wheeler sales March 2023

Honda (HMSI)

Honda’s sales declined by a massive 36% YoY as it sold 1,97,512 units in March 2023. However, with the launch of new models like the Honda Shine 100 and the Activa H-Smart, HMSI is expected to increase its market share.  

Two-wheeler sales March 2023

Bajaj Auto

Bajaj Auto sold 1,52,287 units in March 2023, thereby registering a massive 42% YoY growth in sales. In the same period last year, its domestic sales stood at 1,07,081 units. However, Bajaj’s exports continue to decline.

Two-wheeler sales March 2023

Suzuki 2W

Suzuki has overtaken Royal Enfield to become the fifth best-selling two-wheeler manufacturer in India for the month of March 2023. The company managed to sell 73,069 units in March 2023, recording a 44% YoY growth

Two-wheeler sales March 2023

Royal Enfield

Finally, the last one on the list is Royal Enfield. The company’s sales remained flat in March 2023 as with 59,884 units, it recorded a mere 2.4 percent YoY growth. On an MoM basis, RE’s sales declined by 7 percent.

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