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Hero retains Rank1 position in the two-wheeler industry. But, Honda is gaining a stronghold on the Market share front. The Two-Wheeler Industry clocked a figure of about 80,59,237 units this year YTD against last year's volume of about 80,38,888 units. The Industry has been almost flat with a marginal growth of about 20,349 units.
Hero retained Rank1, however, there is a strong volume drop for Hero. Hero saw a drop in volume of about 2,69,494 units. This is about -8.68% drops against LY volumes. Also, Hero expressed a market share drop of -3.44% with a market share of 35.17%
Honda is the second-highest growth OEM by volume with about 1,01,813. Honda clocked the 20L units. The market share now stands at 25.95% with strong growth of about 1.20%
TVS now strengthened the rank 3 position, hitting above the 11L volume again and with a volume growth of about 49,901 units. The market share stands at 14.73%
Bajaj continues to hit the above 10L figures for YTD, the same as last year. The market share stood at 12.77%
This year seems to be the year of Suzuki, with the highest volume growth of about 1,09,141. Suzuki has the highest gain in market share of about 1.35%. Suzuki has reached about 4.36% market share for YTD.
The rest of the OEMs have managed to garner marginal growth as against LY. However, Royal Enfield is the only OEM that has degrown YTD with about volumes of -8,322 units.