The Vehicle Retail Data for May’23 released by the Federation of Automobile Dealers Associations (FADA) clearly demonstrates that the two wheeler industry has shown a positive growth.
The 2W sales were positively influenced by seasonal factors like the marriage season, changes in the FAME subsidies effective from June, and the recovery of rural demand, which hint towards a promising future in the aftermath of the COVID-19 pandemic.
Retail Data for May’23
CATEGORY
MAY'23
MAY'22
YoY % (2022)
2W
14,93,234
13,65,924
9.32%
Source: FADA Research
OEM wise Market Share Data for the Month of May’23with YoY comparison
Two-Wheeler OEM
Market Share (%)MAY'23
Market Share (%)MAY'22
HERO MOTOCORP LTD
5,30,658
35.54%
5,12,150
37.49%
HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD
2,69,557
18.05%
2,91,752
21.36%
TVS MOTOR COMPANY LTD
2,52,247
16.89%
1,85,645
13.59%
BAJAJ AUTO GROUP
1,86,150
12.47%
1,44,585
10.59%
BAJAJ AUTO LTD
1,86,052
12.46%
CHETAK TECHNOLOGY LIMITED
98
0.01%
-
0.00%
ROYAL-ENFIELD (UNIT OF EICHER LTD)
68,570
4.59%
47,926
3.51%
SUZUKI MOTORCYCLE INDIA PVT LTD
61,442
4.11%
42,368
3.10%
INDIA YAMAHA MOTOR PVT LTD
44,386
2.97%
48,919
3.58%
OLA ELECTRIC TECHNOLOGIES PVT LTD
28,469
1.91%
9,269
0.68%
ATHER ENERGY PVT LTD
15,266
1.02%
3,338
0.24%
AMPERE VEHICLES PRIVATE LIMITED
9,618
0.64%
6,178
0.45%
OKAYA EV PVT LTD
3,875
0.26%
19
OKINAWA AUTOTECH PVT LTD
2,905
0.19%
9,305
PIAGGIO VEHICLES PVT LTD
2,830
4,309
0.32%
CLASSIC LEGENDS PVT LTD
2,333
0.16%
3,577
HERO ELECTRIC VEHICLES PVT. LTD
2,109
0.14%
2,971
0.22%
BGAUSS AUTO PRIVATE LIMITED
1,813
0.12%
Others Including EV
11,006
0.74%
53,613
3.93%
Total
100%
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