After taking a look at the top 10 two wheelers in Nov 2024, lets us now take a look at the top 10 motorcycles last month. The Indian motorcycle market in November 2024 witnessed a mixed performance, with some models showing significant growth while others struggled compared to the same period last year. The total sales of the top 10 motorcycles stood at 8,10,674 units, a 4.11% decline year-on-year (YoY) compared to 8,45,424 units in November 2023. Here’s a closer look at the top 10 motorcycles of the month:
Top 10 Motorcycles Nov 2024 – YoY Comparison
Hero Splendor continued its dominance as the best-selling motorcycle in India, clocking an impressive 2,93,828 units, reflecting a robust 17.16% YoY growth with 43,042 additional units sold compared to November 2023. It remains the go-to choice for commuter bike buyers in the country. In second place, Honda Shine sold 1,45,530 units, registering a decline of 6.68% YoY as it faced a loss of 10,413 units compared to the previous year.
Bajaj Pulsar, a popular sporty commuter, came in third with 1,14,467 units, showing a YoY decline of 12.22% as its sales dropped by 15,936 units. Hero HF Deluxe, which was once a strong performer, saw a massive drop of 47.39% YoY, with sales falling to 61,245 units from 1,16,421 units, placing it in fourth position. Bajaj Platina followed in fifth, selling 44,578 units but suffering a 26.45% decline YoY, with a loss of 16,029 units. TVS Apache, in sixth place, sold 35,610 units but recorded a decline of 13.20% YoY, losing 5,415 units compared to November 2023.
Meanwhile, TVS Raider, a newer entrant in the commuter segment, saw its sales drop by 20.24% YoY to 31,769 units, taking the seventh spot. Honda CB Unicorn 150 stood out as a strong performer, witnessing a 52.28% YoY growth, selling 30,678 units in November 2024 compared to 20,146 units in the same period last year. This placed it in eighth position, making it the only model in the list to post such remarkable growth. In ninth place, the Royal Enfield Classic 350 sold 27,514 units, but its sales dipped by 9.09% YoY, with 2,750 fewer units sold. Finally, Hero Xtreme 125R, a new addition to the market, took the tenth spot, selling 25,455 units in November 2024, marking a strong debut.
Top 10 Motorcycles Nov 2024 – MoM Comparison
Following the year-on-year analysis of the top 10 motorcycles in November 2024, a closer look at the month-on-month (MoM) sales figures reveals a sharp decline across the segment. The total sales for the top 10 motorcycles dropped significantly by 26.22%, with 8,10,674 units sold in November compared to 10,98,816 units in October 2024 — a loss of 2,88,142 units.
Hero Splendor, despite maintaining its position as the market leader, experienced a steep decline of 24.97% MoM, with sales dropping by 97,784 units to 2,93,828 in November. Honda Shine, the second-best-selling motorcycle, saw an even sharper fall of 25.86%, selling 1,45,530 units compared to 1,96,288 units in October — a drop of 50,758 units. Bajaj Pulsar stood out as the only motorcycle in the top 10 to register positive MoM growth, with a 2.35% increase in sales, climbing from 1,11,834 units in October to 1,14,467 in November. In contrast, Hero HF Deluxe faced the most significant MoM drop, with a staggering 50.75% decline, losing 63,098 units as its sales fell to 61,245 in November.
Bajaj Platina, which sold 44,578 units in November, recorded a 27.74% drop from 61,689 units in October. TVS Apache followed with a decline of 28.92%, selling 35,610 units compared to 50,097 in the previous month. Similarly, TVS Raider saw a substantial MoM drop of 37.89%, with sales declining by 19,384 units to 31,769. Honda CB Unicorn 150 experienced a modest 3.43% decline, with sales reducing slightly to 30,678 units from 31,768 in October. Royal Enfield Classic 350 recorded a 28.16% drop, selling 27,514 units compared to 38,297 in the prior month. Finally, Hero Xtreme 125R, a relatively new model, saw its sales fall by 35.94%, selling 25,455 units in November versus 39,735 in October.
Key Takeaways
The steep decline in MoM sales across most models reflects a seasonal adjustment following the festive demand peak in October. While commuter motorcycles like Splendor and Shine continue to lead in overall numbers, their sharp drops highlight the cyclical nature of the Indian two-wheeler market. Bajaj Pulsar’s growth amidst the widespread decline is noteworthy, showcasing its consistent appeal in the sporty commuter segment. This MoM dip serves as a reminder of the volatile nature of the automotive industry, where external factors such as seasonal trends and market dynamics significantly impact sales performance.
Source: Bike - rushlane.com
