Top 2-wheeler : After the introduction of electric two-wheelers in the market, Indian consumers are divided between EVs and petrol-powered vehicles. Consumers are now slowly shifting towards electric cars, but their fascination with petrol cars is not waning. Two wheelers have been in huge demand in the last month. While Hero MotoCorp remains at the number one position, Honda’s sales have slipped to the second position. At the same time, there was also a company that grew by 300%.
Hero Motorcorp Sales
Hero MotoCorp increased its wholesale sales by seven percent year-on-year to 5,19,474 units in May 2023. The company’s wholesale sales during the same period last year were 4,86,704 units. However, exports fell to 11,165 units during the period from 20,238 units a year ago.
Honda Motorcycle Scooter Sale
Total sales of Honda Motorcycles and Scooters India (HMSI) fell 6.6 percent year-on-year to 3,29,393 units in May 2023. The company’s sales in May 2022 were 3,52,893 units. The company’s exports fell to 18,249 units.
TVS Motors Sales
TVS Motors posted a 32% year-on-year growth in the domestic market in May and sold a total of 3,30,609 units. The company sold a total of 2,87,058 units of two-wheelers and 17,953 units of electric two-wheelers.
Ola Electric Sales
May was a good month for electric vehicle maker Ola Electric. The company has sold more than 35 thousand units this month. At this time, the company’s share in the electric scooter market stood at 30%. Not only that, the company has grown 300% on an annual basis.
