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      Hero MotoCorp sales in July 2023 – YoY, MoM, YTD de-growth

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      Hero Super SplendorIn July 2023, Hero MotoCorp and Harley-Davidson launched the X440 in India, their first co-developed premium motorcycleHero MotoCorp has posted a YoY de-growth in domestic while exports improved in July 2023. YTD sales also ended in the negative though scooter sales saw an 11.52 percent YoY growth. A series of new launches, the upcoming festive season and several financial schemes being offered by the company could spur up sales in the months ahead.Hero MotoCorp Sales July 2023Hero MotoCorp has reported total sales (domestic + exports) at 3,91,310 units in July 2023. This was a 12.18 percent YoY de-growth from 4,45,580 units sold in July 2022 relating to a 54,270 unit volume decline. The company has seen lower domestic sales brought down by a 14.41 percent dip in motorcycle sales which stood at 3,60,592 units in July 2023. This was 60,696 units lower when compared to 4,21,288 units sold in July 2022.Hero MotoCorp sales July 2023Motorcycles command a 92.15 percent share in the company portfolio. Scooter sales on the other hand improved by 26.45 percent to 30,718 units in July 2023 from 24,292 units sold in July 2022. Hero Pleasure +, Destini 125 Xtec and Xoom are the most popular scooters while the Maestro Edge 125 also commands a fair share of attention. This took total domestic sales down 13.81 percent YoY to 3,71,204 units in July 2023 from 4,30,684 units sold in July 2022. Exports on the other hand improved 34.98 percent YoY to 20,106 units from 14,896 units shipped in July 2022.On a MoM basis, Hero domestic sales fell by 12.19 percent from 4,22,757 units sold in June 2023. Motorcycle and scooter sales both suffered a MoM de-growth by 10.85 percent and 5.54 percent respectively. Exports however grew by 41.23 percent from 14,236 units shipped in June 2023. This took total MoM sales down 10.45 percent from 4,36,993 units sold in June 2023, a volume de-growth of 45,683 units.Hero MotoCorp YTD SalesTaking into account sales of Hero MotoCorp during the period April 2023 to July 2023, Motorcycle sales dipped 6.04 percent to 16,23,232 units in FY24 period as compared to 17,27,582 units sold in the same period of the previous year. Scooter sales improved by 11.52 percent to 1,20,652 units in FY24 from 1,08,191 units sold in FY23.Total domestic sales thus dipped 4 percent to 16,88,454 units in FY24 from 17,58,850 units sold in FY23. Exports also fell by 27.94 percent to 55,430 units in FY24 from 76,923 units sold in FY2023 taking total YTD sales down 5.01 percent to 17,43,884 units in the FY24 period from 18,35,773 units sold in the same 4 month period of the previous year.Hero MotoCorp has commenced production of the new Harley-Davidson X440 from its Garden Factory plant in Neemrana, Rajasthan and deliveries are set to commence from October 2023. Harley-Davidson X440 is being offered in three variants of Denim, Vivid and S priced at Rs 2,29,000, Rs 2,49,000 and Rs 2,69,000 respectively. In July, Hero MotoCorp discontinued the Xtreme 200S 2V from its company portfolio and introduced the more powerful Hero Xtreme 200S 4V priced at Rs 1.41 lakh (ex-sh). More

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      Suzuki July 2023 Sales Soiree: Hitting the Century Mark

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      Suzuki Access 125Suzuki July 2023 Sales Zoom Past Expectations – Riding High at over 1 lakh units soldIn July 2023, Suzuki’s two-wheeler sales witnessed remarkable growth both domestically and in the international market. Total sales of 1,07,836 units marked a substantial increase of 41.46 percent compared to July 2022. This is a most robust performance. For SMIPL, domestic sales captured a dominant 74.47 percent share of its total sales.Domestic sales of Suzuki two-wheelers surged to 80,309 units, indicating an impressive year-on-year growth of 31.89 percent. This substantial increase can be attributed to several factors, including effective marketing strategies, and favourable customer sentiments for their offerings. The company’s efforts in building a strong brand image and expanding its dealer network have paid off. There has been continued demand growth for their products in the domestic market.Suzuki 2W sales July 2023Market Mastery: July 2023’s Unstoppable ForceExport sales also experienced significant growth. Suzuki shipped out 27,527 units in July 2023. This marks an impressive 79.47 percent increase compared to the same month in the previous year. Focus on exploring international markets, targeting regions with high demand for two-wheelers, and offering competitive pricing have been vital. And helped secure a considerable contribution of 25.53 percent from Suzuki’s export segment.Comparing sales data between July 2023 and June 2023, Suzuki saw month-on-month growth of 33.56 percent. Total sales increased by 27,099 units. This demonstrates the brand’s ability to sustain momentum and retain customer interest. Growth in both domestic and export sales indicates a consistent and well-executed business strategy that resonates with consumers across different regions.Wheels of Fortune: July 2023 SalesAnalysing the market share in June 2023, Suzuki enjoyed a 78.10 percent share from the domestic market. With steady sales growth, the auto manufacturer has been solidifying its position. MoM growth in the export market stood at 55.71 percent indicating potential for further expansion in the international arena.The data reflects a promising trajectory for Suzuki’s two-wheeler sales, demonstrating their ability to adapt to changing market dynamics and capitalise on emerging opportunities. The impressive year-on-year and month-on-month growth rates signal a positive outlook for the brand’s future, provided they maintain their focus on innovation, product quality, and customer-centric strategies.A Neat Feat: Suzuki July 2023 Sales at over 100KKenichi Umeda, Managing Director, Suzuki Motorcycle India said, “We are elated to have crossed 100K monthly sales mark in July. It is a testament to our commitment to our customers and their continued trust in the brand.These strong sales numbers reflect robust demand for our scooters and motorcycles in India and in the overseas markets. We express our sincere gratitude to our customers, dealer partners and our staff members who played a crucial role in achieving 100K monthly sales milestone.” More

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      Harley-Davidson X440 Gets 1st Price Hike – New Prices Of All Variants

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      Harley-Davidson X440 Price HikeAfter the introductory price ends tomorrow, 3rd August, Harley-Davidson X440 price will go up by Rs. 10,500 (ex-sh)Hero MotoCorp and Harley-Davidson partnership has launched the first product X440 in India at an attractive introductory price of Rs. 2.29 lakh for base Denim trim, Rs. 2.49 lakh for mid-spec Vivid and Rs. 2.69 lakh for top-spec S trim (all prices ex-sh). Introductory prices will last till August 3rd, tomorrow. Post that, there will be an increase in price.Harley-Davidson X440 Price HikeFollowing an overwhelming response for their maiden product, X440, the company is intending to hike the prices by Rs. 10,500 (ex-sh). This price hike is across the trims. In effect, Harley-Davidson X440 price starts from Rs. 2.4 lakh for base Denim trim, Rs. 2.6 lakh for mid-spec Vivid and Rs. 2.8 lakh for top-spec S trim (all prices ex-sh).Harley-Davidson X440 deliveries commenceAfter the booking portal closes tomorrow, Harley-Davidson India will arrange test rides for customers who have booked the bike, starting from September 1st. Production will commence in September at the company’s Garden Factory in Neemrana, Rajasthan. Deliveries will commence in October 2023.Prospective buyers can book their Harley-Davidson X440 at introductory prices and avoid the price hike by placing an order by 3rd August, 2023. Also, there is no clarity as to when Harley-Davidson will commence a second booking portal as production hasn’t started and response seems to be on the higher side. The company has expressed that the scale of production will depend on response and demand. If there is demand, then there will be an escalation in production capacity.The best Roadster in its segment?Harley-Davidson is betting big on the emotional quotient that is associated with a legacy brand like itself. That said, Royal Enfield and Triumph work with a similar ethos as well. Triumph’s Speed 400 is likely to beat X440 in sales. Not only Speed 400 costs significantly less than X440, it is also delivering a better value for money proposition.Triumph offers more tech, more sophisticated engine architecture and more performance. Harley-Davidson X440 comes equipped with a single-cylinder 440cc engine capable of developing 27 bhp of power and 38 Nm of torque. A 6-speed gearbox is standard and Harley-Davidson promises a full metallic build like Royal Enfield. More

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      Royal Enfield Sales July 2023 – Classic, Hunter, Meteor, Bullet

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      Royal Enfield Meteor 350Royal Enfield has posted a sharp 42 percent growth in domestic sales while exports dipped 22 percent YoY in July 2023Royal Enfield has reported a 31.61 percent YoY growth in sales in July 2023. Total sales (domestic + exports) stood at 73,117 units in the past month, up from 55,555 units sold in July 2022. This was a 17,562 unit volume growth.Royal Enfield has a premium lineup of bikes both in the sub 350cc and above 350cc segments. These include the Hunter 350, Classic 350, Meteor 350 cruiser and the Bullet 350. There is also the Super Meteor 650, Interceptor 650 and Continental GT 650 in the company lineup along with the Himalayan and Scram 411 ADV. The company also gears up for launch of the new-gen Bullet 350 and Himalayan 450.RE YoY Sales July 2023Royal Enfield sales saw the 350cc segment saw a 5.42 percent YoY de-growth. Sales dipped to 8,719 units in July 2023, down 500 units when compared to 9,219 units sold in July 2022 to claim an 11.92 percent share. Exports also fell significantly by 21.84 percent YoY to 7,055 units in July 2023 from 9,026 units shipped in July 2022 relating to a volume de-growth of 1,971 units. Exports share currently stands at 9.65 percent.On a month on month basis (MoM), Royal Enfield has seen total (domestic + exports) sales fall 5.18 percent as sales had stood at 77,109 units in June 2023. 350cc segment bikes MoM sales declined by 6.21%. MoM sales of the 350cc+ bikes increased by 3.24 percent. While there had been 8,445 units sold in June 2023, sales increased to 8,719 units in July 2023.Royal Enfield sales July 2023This took total domestic sales down 2.12 percent on a MoM basis from 67,495 units sold in June 2023. Exports also suffered a de-growth of 26.62 percent from 9,614 units shipped in June 2023 relating to a dip in volumes by 2,559 units.Royal Enfield has seen sales of its Hunter 350cc cross the 2 lakh unit mark. This is particularly noteworthy as this milestone has been crossed in under 12 months of launch. Hunter 350 was launched in August 2022 and achieved its first milestone of 1 lakh units in February 2023, 6 months after launch. The next 1 lakh units have been completed in 5 months.Upcoming launchesThere are 13+ Royal Enfield models set to be launched in the coming years, out of which the Bullet 350 will launch on 30th August 2023. Recently RE released a teaser of new Bullet’s exhaust note. Apart from feature updates, the Bullet 350 will also receive a new engine that currently powers the Classic 350, Hunter 350 and Meteor 350. More

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      TVS Motor Sales July 2023 – Registers 3.60% YoY Growth

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      New TVS iQubeTVS iQube e-scooter has seen sales surpass the 1.5 lakh unit mark since its debut in January 2020TVS Motor Company sales improved both on a YoY and MoM basis in July 2023. YoY growth was reported both across 2 wheeler and 3 wheeler segments in domestic markets, though exports suffered de-growth. Total 2W and 3W sales (domestic + exports) improved by 3.60 percent to 3,25,977 units in July 2023, up from 3,14,639 units sold in July 2022 relating to a 11,338 unit volume growth. On a MoM basis, sales grew by 3.20 percent from 3,16,411 units sold in June 2023.TVS 2W Sales and Exports July 2023In domestic markets, 2W sales growth was reported across motorcycles, scooters, and moped, to a total of 2,35,230 units in July 2023, up 16.48 percent from 2,10,942. 2W exports however dipped 21.12 percent YoY to 77,077 units in July 2023 from 97,716 units sold in July 2022.TVS Motor Sales July 2023 vs July 2022 – YoY performanceMoM domestic sales remained more or less flat with a 0.26 percent de-growth from 2,35,833 units sold in June 2023. MoM exports increased by 12.41 percent from 68,568 units shipped in June 2023. The 2W segment currently commands a 75.32 percent share.Motorcycles saw a 2.40 percent YoY and 3.87 percent MoM growth in sales in July 2023 to 1,53,942 units. There were 1,50,340 units sold in July 2022 and 1,48,208 units sold in June 2023 respectively. Scooter sales also improved 4.67 percent YoY and 0.48 percent MoM to 1,21,941 units while sales of the iQube electric scooter surged by 111.07 percent on a YoY basis to 13,306 units from 6,304 units sold in July 2022. MoM sales saw a 7.99 percent de-growth from 34,829 units sold in June 2023.TVS Motor Sales July 2023 vs June 2023 – MoM performanceMoped sales also improved 10.99 percent YoY and 4.58 percent MoM to 36,424 units. This took 2W total sales (domestic + exports) to 3,12,307 units, up 4.22 percent YoY from 2,99,658 units sold in July 2022. MoM sales improved by 2.60 percent from 3,04,401 units sold in June 2023.TVS Motor 3W Sales and Exports July 2023Where three wheeler sales were concerned, TVS Motor has reported a YoY de-growth in total (domestic + export) sales. Sales dipped 8.75 percent YoY to 13,670 units in July 2023 from 14,981 units sold in July 2022. MoM sales improved by 13.82 percent from 12,010 units sold in June 2023.3W domestic sales were higher by 4130.68 percent YoY to 1,534 units in July 2023 from 665 units sold in July 2022 while MoM sales saw a 6.97 percent growth over 1,434 units sold in June 2023.  Exports on the other hand fell YoY by 15.23 percent to 12,136 units in the past month from 14,316 units shipped in July 2022. MoM exports improved by 14.75 percent from 10,576 units shipped in June 2023.Total 2W+3W sales saw a 16.86 percent growth on a YoY basis to 2,36,764 units in July 2023 from 2,02,607 units sold in July 2022 while MoM sales fell marginally by 0.21 percent from 2,37,267 units sold in June 2023. Exports on the other hand has suffered a 20.37 percent de-growth YoY to 89,213 units in July 2023 from 1,12,032 units shipped in July 2022 while MoM exports improved by 12.72 percent over 79,144 units shipped in June 2023. More

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      New Ola S1 Air Arrives At Dealer Showroom – New Neon Colour Details

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      New Ola S1 Air NeonOla Electric continues to register strong growth, with market share of 40 percent in July 2023Ola’s mission to ‘EndICEAge’ seems to be progressing quite well. In July 2023, Ola YoY sales growth was a massive 375%. As per data available on Vahan website, Ola Electric sales were around 19,000 units in July 2023.Sales are expected to gain further momentum with the affordable Ola S1 Air getting an overwhelming response. Ola currently offers only the S1 Pro and the S1 Air variants. The standard S1 variant has been discontinued. It is possible that Ola could introduce new products or variants soon, as there’s a huge price gap between the S1 Air and S1 Pro.New Ola S1 Air NeonOla S1 Air starts arriving at dealer showroom / Experience centresOla S1 Air electric scooters have started arriving at Ola experience centres. It includes the new Neon colour that was launched recently. Hat tip to automotive enthusiast Sreechand V Nair for these exclusive spy shots. There are five other exciting colour options for Ola S1 Air. The scooter has the latest MoveOS 3, with features such as proximity unlock, Party Mode, Bluetooth calling, Moods and Profiles.Other advanced features include navigation, personalized music selection and digital key for remote unlock. The scooter has a fluid design and comes in a dual-tone colour theme. It suits practical needs with features such as thick pipe grab rail, 34-liter boot space and flat floorboard.New Ola S1 Air NeonA comprehensive range of features, coupled with an affordable price point, has resulted in blockbuster bookings for S1 Air electric scooter. According to the company, bookings had crossed 50,000 units in just a few days of launch of S1 Air. Ola had opened the purchase window for S1 Air on July 28th, 2023. The offer price was Rs 1,09,999 (ex-sh), valid till July 31st. However, with massive demand for the scooter, Ola has taken the decision to extend the offer price till 15th August 12 PM. Post that, Ola S1 Air will retail at Rs 1,19,999.New Ola S1 Air NeonOla S1 Air performance, rangeOla S1 Air is equipped with a 3kWh battery pack. It supplies power to a hub mounted motor that generates 4.5 kW of peak power. Users can choose from ride modes of Eco, Normal and Sports. The scooter has a range of 125 km, when running in Eco mode. True range (Normal Mode) is 100 km. Top speed is rated at 90 kmph. Ola S1 Air can achieve 0 to 40 kmph in 3.3 seconds. 0 to 60 will take 5.7 seconds. In a home environment, S1 Air can be charged in 5 hours.S1 Air has a 7-inch full digital screen, with resolution of 800×480. This is a lower configuration, as compared to S1 Pro that has a screen resolution of 1280×768. Both variants come with all-LED lighting. S1 Air utilizes a tubular frame with twin telescopic forks at front and dual rear shock absorbers. It has drum brakes at both ends, integrated with CBS system. In comparison, S1 Pro has disc brakes at both ends.S1 Air gets most of the premium features available with S1 Pro. It includes cruise control, predictive maintenance, Bluetooth / GPS connectivity, OTA updates and reverse mode. However, some features are missing such as Hyper Mode. More

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      Bajaj Sales July 2023 – Numbers Decline YoY And MoM

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      Bajaj Sales July 2023In terms of sales patterns, Bajaj sales July 2023 saw gains in domestic market in CV space, while other segments suffered slightlyWith immense popularity both here in India and in global markets, Bajaj Auto is one of the most important automakers in the world. The company specialises in both PV and CV sales across both 2W and 3W vehicles.For the month of July 2023, Bajaj saw sales numbers plummeting both YoY and MoM. Last month, Bajaj sold 1,41,990 units of 2W vehicles in the domestic market. Which is down by 14% YoY as opposed to 1,64,384 units sold in July 2022. 2W domestic sales went down by over 24K units MoM as opposed to June 2023.Bajaj Sales July 2023 – YoYBajaj Sales July 2023The company exported 1,26,850 units last month but saw 16% drop YoY as it shipped 1,50,670 units a year ago. In total, Bajaj sold 2,68,850 2W vehicles both here in India and abroad. Because of decline in numbers, Bajaj saw 15% drop in sales YoY in total 2W vehicles.Where CVs are concerned, Bajaj sold 37,273 units in India and sales doubled with 101% YoY growth. The company even exported 13,634 CVs, which registered a 35% drop YoY. Because of large headroom in CV sales in the domestic market, Bajaj saw an overall 29% YoY growth with CVs.Bajaj Sales July 2023 – YTDIf we take Bajaj’s sales collectively (2W PV+CV), Bajaj pushed 1,79,263 units in domestic market and shipped 1,40,848 units abroad. In total (domestic + exports), Bajaj sold 3,19,747 units. With this, Bajaj registered a 2% YoY drop in domestic market and 18% YoY drop in global markets. In total, Bajaj saw a 10% drop in sales YoY.YTD SalesFrom April 2023 to July 2023, Bajaj sold 6,84,921 units in domestic market, 4,73,249 units in export markets and 11,58,170 units in total (2W domestic + exports). In effect, Bajaj saw 43% YoY growth within 2W space in the domestic market, but exports saw 31% drop YoY.In total, Bajaj’s YTD sales in 2W space almost match last year’s with less than a 1% drop. Within CV space, Bajaj saw 1,35,898 units sold from April 2023 to July 2023 in the domestic market, 53,086 units in export markets and 1,88,984 units in total. Bajaj registered 138% YoY growth in domestic CV space and 23% YoY decline in CV exports.Because of the high growth in the domestic market, overall CV sales YTD saw 50% YoY growth. In total (2W PV + CV), the company sold 8,20,819 units in domestic markets and 5,26,335 units in export markets YTD. This way, the company registered 53% YoY growth in the domestic market and 30% YoY drop in exports. In total, there was a 5% YoY growth YTD. More

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      Royal Enfield K1D Power Cruiser Design Leaks – To Get Himalayan 450cc Engine

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      Motorcycle in the image is a Benelli 502C – For reference onlyRoyal Enfield is the leading two wheeler maker in the 350-500cc segment – They will launch a range of new motorcycles to maintain leadershipRoyal Enfield has plans to launch 4 new motorcycles every year. One of these new motorcycles will be the K1D. This is the codename of Royal Enfield’s upcoming power cruiser, which will be powered by the same engine that will power the upcoming Himalayan 450cc. Design sketch of the Royal Enfield K1D power cruiser has now leaked online. From what it looks like, it is a direct inspiration from Ducati Diavel, one of the OGs in the “power cruiser” genre.Royal Enfield K1D Power CruiserFor starters, it is likely that Royal Enfield will have a slightly different-looking motorcycle than the Ducati Diavel, Benelli Leoncino and Bajaj Dominar range. But pulled-back handlebars, front set footpegs, relaxed and ergonomically upright seating posture are most probable.Royal Enfield K1D Power Cruiser LeaksThis motorcycle will come off as muscular and will flash its muscle to dominate rivals (see what I did there?). Given that the single-cylinder 400cc to 500cc motorcycle genre has had a bit of an uproar in the recent past, Royal Enfield would logically consider launching it in this segment. It will go against Triumph Speed 400 and Harley-Davidson X440.What to expectRoyal Enfield’s new 450cc single-cylinder engine will go on a bunch of other products before gracing on this new power cruiser. As of now, this engine is speculated to produce around 40 bhp of power and 45 Nm of torque. A 6-speed gearbox and liquid-cooling setup seems to be evident.We hope it brings a large fuel tank. Probably 20L to 25L would be nice. Similar to the Thunderbird range of the past. Componentry could include USD front forks similar to Himalayan 450, rear mono-shock unit, alloy wheels, fat tyres, and more.If we take a look at brand’s 13 upcoming motorcycles from their annual report, they don’t have a power cruiser planned in it. It is highly likely to be a project for the next phase of launch. By this logic, the K1D Royal Enfield power cruiser could launch in 2025 or 2026.Source More