Hero MotoCorp leads with 4,92,263 units sold in August.
The Bike sales report August 2024 are in, offering insights into how major two-wheeler manufacturers performed ahead of the festive season. Hero MotoCorp has reclaimed the top spot from Honda, while TVS, Bajaj, Suzuki, and Royal Enfield continue their steady march. Here’s a breakdown of the sales performance of the key players.
Key Highlights:
- Hero MotoCorp retakes the lead with 4,92,263 units sold, a 41.64% growth from July.
- Honda follows closely, selling 4,91,678 units, reflecting an 11.97% increase from last month.
- TVS Motor Company shows a 13.58% growth, with 2,89,073 units sold in August.
- Bajaj reports a significant 23.56% rise in sales, reaching 2,08,621 units.
- Suzuki faces a dip of 13.04% but still records an increase from last year with 87,480 units sold.
Bike Sales Report August 2024 :Overview
| Manufacturer | August 2024 | August 2023 | Year-on-Year |
|---|---|---|---|
| Hero MotoCorp | 4,92,263 | 4,72,947 | 4.10% |
| Honda | 4,91,678 | 4,51,200 | 8.97% |
| TVS | 2,89,073 | 2,56,619 | 12.65% |
| Bajaj | 2,08,621 | 1,60,820 | 29.72% |
| Suzuki | 87,480 | 83,045 | 5.34% |
| Royal Enfield | 65,624 | 69,393 | -5.43% |
Hero MotoCorp: 4,92,263 Units Sold
Hero MotoCorp saw a massive surge in sales in August 2024, reclaiming its number-one spot after briefly being overtaken by Honda in July. With 4,92,263 units sold, Hero reported a 41.64% jump from July’s 3,47,535 units. Compared to August last year, the company witnessed a 4.10% growth. This boost comes just in time, as Hero recently updated its popular Glamour 125 and is set to launch the all-new Destini 125 scooter.
Honda: 4,91,678 Units Sold
Honda Motors fell just behind of Hero, selling 4,91,678 units in August. Though second in the rankings, Honda achieved an 11.97% increase from July’s sales of 4,39,118 units and an 8.97% growth compared to August 2023. The fierce competition between Hero and Honda looks set to continue as both companies gear up for the upcoming festive season.
TVS: 2,89,073 Units Sold
TVS secured its usual third position with a solid performance in August. The company recorded a 13.58% increase in sales, selling 2,89,073 units compared to July’s 2,54,250 units. TVS also saw a 12.65% increase year-on-year. Recent launches like the Jupiter 110 have helped maintain TVS’s positive momentum.
Bajaj Auto: 2,08,621 Units Sold
Bajaj registered an impressive 23.56% growth in August, selling 2,08,621 units. This is a marked improvement over its July sales of 1,68,847 units. Compared to the same period last year, Bajaj saw a 29.72% rise in sales. The company is reportedly working on a new 125cc commuter bike, expected to keep this positive trend going.
Suzuki: 87,480 Units Sold
Suzuki faced a slight downturn in August, with a 13.04% drop from July’s 1,00,602 units. Despite this, Suzuki still managed a 5.34% year-on-year increase with 87,480 units sold in August 2024. The brand continues to be a steady player in the market, even amid challenges.
Royal Enfield: 65,624 Units Sold
Royal Enfield experienced a 7.2% increase in sales in August compared to July, selling 65,624 units. However, it saw a slight dip of 5.43% compared to August 2023. The company’s recent launch of the updated Classic 350 is expected to bolster sales in the coming months.
Conclusion:
The August 2024 bike sales report highlights the healthy competition in India’s two-wheeler market. Hero MotoCorp’s resurgence, Honda’s close chase, and the steady growth of TVS, Bajaj, Suzuki, and Royal Enfield signal positive trends ahead of the festive season. These companies are expected to continue introducing new models to maintain or improve their positions in the coming months.
Also Read:
Car sales Report for August 2024 : Mixed Results Amid Market Challenges
