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      Two Wheeler Sales Feb 2023 – Hero, Honda, TVS, Bajaj, Royal Enfield

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      In February 2023, total two wheeler sales took a minor hit with a 4.81% YoY decline and a 1.43% MoM declineRoyal Enfield 650cc SalesHero established absolute dominance in the domestic 2W market with 3,82,317 units and 37.65% market share among the top five 2W manufacturers. Hero clocked 15.34% YoY growth and 9.41% MoM growth with 50,855 and 32,880 units gained in volume respectively. Honda couldn’t replicate Hero’s success and saw 20.52% YoY decline and 18.36% MoM decline as sales stood at 2,27,064 units.TVS came close to Honda with 2,21,402 units, just shy of 5,662 units. 27.83% YoY growth and 2.28% MoM growth were main highlights. TVS’ market share is 21.80%, just 0.56% behind Honda. With 1,20,335 units sold, Bajaj secured 4th spot and registered 24.67% YoY growth and a 14.06% MoM decline.Two Wheeler Sales Feb 2023At 5th place, we have Royal Enfield with 64,436 units sold last month. The British marque showcased 23.59% YoY growth and a 4.82% MoM decline. In total, Top five 2W brands accounted for 10,15,554 units. As opposed to 9,38,995 units sold in 2022 and 10,51,781 units sold in January 2023, we observed an 8.15% YoY growth and a 3.44% MoM decline.Two Wheeler Sales February 2023 – ExportsBajaj is by far the highest 2W exporter in India with figures more than three times the second-highest exporter. At 1,15,021 units, Bajaj exported just 5314 units less than what it sold domestically. Despite having a 57.51% market share here, Bajaj saw a 37.08% YoY decline and a 14.25% growth MoM.Two Wheeler Exports Feb 2023TVS secured 2nd spot with 45,624 units shipped and fell completely into the red with a 51.68% YoY decline and a 5.42% MoM decline. Honda managed to ship 20,111 units and registered 10.38% MoM growth. Sales declined by 25.36% YoY. Despite being the highest seller domestically, Hero’s exports stood at 12,143 units with numbers more than halved YoY and gained 67.42% MoM.Royal Enfield shipped 7,108 units and is the only one ending February on a positive note. A mere 1.18% YoY and 0.91% MoM growth were registered. In total, top 5 two wheeler exporters accounted for 2,00,007 units shipped and registered 40.83% YoY decline as opposed to 3,38,002 units shipped last year and a 10.24% MoM growth as opposed to 1,81,435 units sold a month before.Two wheeler Total Sales Feb 2023In total, it was Hero MotoCorp that took the cake getting close to selling 4 lakh units. When compared to 3,58,254 units sold a year ago and 3,56,690 units sold a month before, 3,94,460 units clocked in Feb 2023 resulted in 10.11% YoY growth and 10.59% MoM growth. Volume gain stood at 36,206 units YoY and 37,770 units MoM and 32.45% market share.Two Wheeler Total Feb 2023With good numbers clocked in exports, TVS surpassed Honda in total sales by almost 20,000 units. With 2,67,026 units, TVS lost 0.22% sales YoY and gained 0.87% in MoM. Honda clocked 2,47,175 units and fell into the red completely just like it did in domestic sales. With 2,35,356 units sold in total, Bajaj couldn’t manage to register positive growth.Royal Enfield managed to show a solid 20.93% YoY growth with 71,544 units sold in February 2023, but witnessed a 4.28% MoM decline. In total, top 5 2W manufacturers managed to clock 12,15,561 units. When compared to 12,76,997 units sold a year ago and 12,33,216 units sold a month before, we observed a 4.81% YoY decline and 1.43% MoM decline. More

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      2023 Hero Super Splendor XTEC BS6 II Launched – New Features, Colour

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      New Super Splendor XTEC BS6 Phase II gets LED headlamp, new colour, full digital instrument cluster and a range of cosmetic touch-ups2023 Hero Super Splendor XTEC BS6 II2023 Hero Super Splendor XTEC BS6 Phase II has been launched. First units have started arriving at dealerships. Users can expect an improved overall experience, as the bike packs in a comprehensive range of premium updates.New Super Splendor XTEC BS6 Phase II is expected to be priced higher than the outgoing model. The updates should allow for improved competencies against rivals such as Honda Shine, TVS Raider and Bajaj CT 125X.2023 Hero Super Splendor XTEC BS6 IISuper Splendor XTEC BS6 Phase II – what’s new?Among the most noticeable updates are the LED headlamp and LED DRL. It’s a 2-level LED headlamp with integrated low beam and high beam. The two sections of the headlamp are separated by the LED DRL placed in between. The LED DRL has an always-on feature, which means it is activated as soon as the keys are turned on. The engine is not required to be turned on for the LED DRL to work.Other lighting pieces such as turn indicators and tail lamp continue to have halogen bulbs. With the updated lighting at front, the headlamp cowl and visor have also been updated. Another big improvement comes in the form of a full digital instrument console. It appears to be the same unit, as seen with Splendor Plus XTEC variant. Take a look at the detailed walkaround by Biker Mjk 2.[embedded content][embedded content]The digital speedometer has Bluetooth connectivity and can be used for call and SMS alerts when paired with the user’s smartphone. Users can see a range of information such as real time mileage and indication for side stand, low fuel, high beam and i3S.With the change in lighting setup and new full digital speedometer, the wiring has also changed on the new Super Splendor XTEC BS6 Phase II model. Spaces around the digital speedometer have been updated and there’s a USB charging port as well.In terms of cosmetic updates, there’s a new colour and updated graphics and stickering. The Super Splendor logo on the fuel tank has a 3D design. Exhaust pipe has been updated and it is now a slimmer unit in comparison to the earlier model. Aural experience also seems to have been improved.2023 Hero Super Splendor XTEC BS6 IISuper Splendor XTEC BS6 Phase II performanceEngine is the same as earlier, with the only difference that it has been updated to comply with BS6 Phase II emission norms. The bike is powered by a 124.7cc air-cooled motor that generates 10.7 bhp of max power and 10.6 Nm of peak torque. It is mated to a 5-speed gearbox. New Splendor XTEC supports E20 ethanol-blend fuel, which makes it future-ready. It is likely that relevant tweaks have been incorporated in the engine to make it E20 ready.While official details are not available right now, Hero Super Splendor XTEC BS6 Phase II could deliver mileage of around 60+ kmpl. In heavy-traffic usage, mileage could be around 50+ kmpl. Prices will be announced in coming days. More

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      New TVS Ronin Modified Custom Bikes Unveiled At MotoSoul 2023

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      Second edition of TVS MotoSoul has had a great start on Day 1 with unveiling of four droolworthy Ronin customizations by some of the world’s best custom buildersTVS Ronin SCRAn event that essentially celebrates the love for motorcycles, TVS MotoSoul 2nd edition has gotten off to a roaring start in Goa. The timing seems perfect, as TVS recently achieved the 5 million global sales milestone for its Apache range. TVS MotoSoul promises an exhilarating experience for racers, riders and performance enthusiasts via multiple racing events as well as action-packed performances by leading artists.On Day 1 of TVS MotoSoul, the focus was on the TVS Ronin platform. Ronin is popular for its modern-retro profile, a first in the Indian two-wheeler segment. To showcase its full potential, TVS unveiled 4 custom builds of Ronin. The company also announced its foray into a new format of racing called Flat Track Racing.TVS Ronin MusashiTVS Ronin custom buildsOne of the Ronin custom builds is Agonda, created by Germany-based JvB Moto. The name is derived from Agonda Beach, one of the popular beaches in Goa. The customized bike has a scrambler profile, with updates to the headlamp, fenders, side panels, seat and exhaust. Ronin Agonda custom build gets a new matte white colour shade with contrasting 5-colour bands on the fuel tank. Shape of the engine cover has also been modified.Another Ronin custom build is named Musashi, created by Indonesia-based Smoked Garage. It is inspired by ‘Ronin’, which in Japanese means a free, wandering samurai. True to its name, Ronin Musashi is probably the best example of a free-spirited entity. The custom design seems to work without any limitations or boundaries, which has ensured a radical profile for the bike.TVS Ronin AgondaSome of the key highlights include a reworked handlebar, wire mesh headlamp cover, custom engine guard and horizontal back-link rear suspension. The bike has a blacked-out profile that creates a captivating contrast with the golden USD forks.Ronin custom build from India is named Wakizashi, created by Rajputana Customs. It has a cafe racer profile with rider-only seat, low-set and pulled-back handlebar, wire-spoke wheels and custom designed sculpted fuel tank. Most of the panels have been removed, which makes the bike all muscle and bones. The bike has road-biased tyres, which makes it suitable for urban racing.TVS also unveiled its own factory custom Ronin named SCR. It has been customized by TVS Design Team. Ronin SCR custom build is a rally machine with features such as LED headlamp, raised front fender, modified seat and tail section, tracker style side panels and dual exhaust in metallic finish. The bike gets chunky block-pattern tyres. It has an attractive colour theme of light gey and bright yellow.TVS Ronin WakizashiTVS Flat Track RacingFor the benefit of racing enthusiasts, TVS has come up with a new form of racing called Flat Track Racing. Ronin will be part of this project that seeks to create a new breed of racing enthusiasts. The project will have the backing of TVS Racing’s extensive experience of more than 40 years. TVS will actively engage with riders to motivate and train them so that they can gain in-depth knowledge about the art of racing.Day 1 of TVS MotoSoul 2023 also witnessed a mesmerizing performance by Lucky Ali, a singer, actor and songwriter. DJ Nikhil Chinapa was also there to enthral the audience with a pulsating live-set performance. More

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      Honda Forza 330cc Scooter Patented In India – Launch Soon?

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      The single-cylinder 330cc engine on Honda Forza 350 patented in India makes 29 bhp of power and 31.5 Nm of torqueHonda Forza 330cc ScooterBeing the de facto scooter manufacturer in India comes with its perks. Take Activa for example, it overshadows almost every other scooter in the Indian market including Honda’s offerings. Honda has gotten synonymous with scooters in India. All this success for Honda is limited to budget everyday scooters.Till now Honda has held itself from testing its luck with big-capacity scooters in India. That seems to be changing, as Honda has patented Forza 350 in India. It would be interesting to see if Honda actually steps towards launching it instead of stashing the patented file in the archives.Honda Forza 330cc ScooterHonda Forza 330cc Scooter PatentedWe say this because Honda has historically patented a lot of products in India. Only a handful of those have materialised. A stark example of this approach by Honda would be recently patented Hawk 11 Cafe Racer based on the same engine as Africa Twin. Will it launch? Very likely not.When Honda teased us with the formidable CB300F, the Indian automotive fraternity expected Forza 350 to be launched instead. Honda Forza 350 was showcased to Big Wing dealers before and all of them were sold out. By patenting it in India, Honda seems to have come one step closer to actually launching it. For what it is, Honda Forza 350 is a maxi-scooter with a 330cc engine. It debuted at the Bangkok International Motor Show in 2021.Honda Forza 330cc Scooter patented in IndiaEven though it looked very similar to the Forza 300, the Newer Forza 350 came equipped with a 330cc engine as opposed to the 279cc of the former. This new single-cylinder engine is capable of generating 29 bhp of power at 7500 RPM and 31.5 Nm of torque at 5250 RPM. Equipped with a lighter crankshaft, slightly larger valves and a slightly bigger throttle body, Forza 350 could clock a top speed of 137 kmph.Design & FeaturesOne look at it is enough to realise that Forza 350 is a big scooter. The huge body wrap around its rider, protecting them from wind blasts. The tall windscreen at the front adds to it as well. Flanking this windscreen are substantial-looking ORVMs with integrated turn indicators. Front fascia gets a split headlight unit that wouldn’t look out of place on a superbike.Handlebar and footpeg position allows for a neutral riding position enabling the rider to go the distance in reasonable comfort. Large and padded seats add to it significantly. It gets a single-disc setup on both sides, combined with dual-channel ABS. Suspension duties are handled by telescopic front forks and twin shock absorbers at the rear.Honda Forza 350 SpecsFront gets a 15” alloy, while the rear gets 14” unit. All of this componentry tips the scale at 185 kg. If launched in India, it will compete with other big-capacity maxi-scooters like Keeway Vieste 300 and the pricey BMW C 400 GT. That said, the chances of this getting launched in India are very meek. More

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      Honda 2W Sales Feb 2023 Declines 21% – New Motorcycle Launch Soon

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      Honda is getting ready to launch a new 100cc motorcycle this month – Likely to help boost sales significantlyImage – Being TechnozzHonda Motorcycle and Scooter India (HMSI) figures for February 2023 are lackluster. Sales fell both on YoY and MoM basis to a total of 247,175 units. This was a 20.93 percent YoY de-growth over 3,12,621 units sold in Feb 2022 and  2,96,363 units sold in Jan 2023.Honda 2W Sales Feb 2023Honda 2W sales in Feb 2023 dipped both in terms of domestic sales and exports. Of the total 2,47,175 units sold in Feb 2023, domestic sales accounted for 2,27,064 units, a 20.52 percent YoY de-growth from 2,85,677 units sold in Feb 2022. This was a volume de-growth of 58,613 units and a 91.86 percent share.Honda 2W Sales Feb 2023Exports also fell YoY by 25.36 percent from 26,944 units shipped in Feb 2022 to 20,111 units in the past month. Volume de-growth was at 6,833 units with an 8.14 percent share.MoM sales on the other hand saw total sales in the red, down 16.60 percent from 2,96,363 units sold in Jan 2023. This was a volume de-growth of 49,188 units. Domestic sales dipped 18.36 percent from 2,78,143 units sold in Jan 2023 while exports ended on a more positive note, up 10.38 percent when compared to 18,220 units shipped in Jan 2023.Honda is now getting ready to launch a new 100cc motorcycle, teaser of the same has already been released. It will be a direct rival to Hero Splendor, the No 1 selling motorcycle in the world. Likely to be called Honda Shine 100, launch will take place on 15th March. This new motorcycle could help boost HMSI sales to a great extent, and has the potential to make Honda as the No 1 two wheeler brand in India.HMSI RDE Compliant ModelsHonda has expanded its Premium Motorcycle Business Network with new BigWing outlets in three new locations at Kannur (Kerala), Raghunath Ganj (West Bengal) and Patna (Bihar). The company has also undertaken several safety initiatives in view of the 10th anniversary of its Traffic Training Park in Jaipur, Rajasthan. The two wheeler maker also celebrated the 4th anniversary of Children’s Road Safety and Traffic Park in Chennai, Tamil Nadu and 2nd anniversary of Safety Driving Education Centre (SDEC) in Guwahati.The company launched its new Activa with Smart Key in January 2023, its first OBD2-compliant two wheeler in India. HMSI also gears up to update all its other models to comply with these new and stringent emission norms that will be made mandatory by 1st April 2023. The new Activa with Smart Key is priced at Rs 80,000 and is being offered in Standard, Deluxe, and Smart variants. Honda Smart Key, trademarked as H-Smart, is similar to what one sees on cars. It enables features like Smart Find, Smart Unlock and Smart Start. It also gets Mapped Smart ECU, which connects the ECU and Smart Key as an added security device.Honda Activa Smart draws its power via a 109.51 cc motor offering 7.85 hp power and 8.84 Nm torque, mated to an automatic transmission. Suspension and braking is via telescopic front forks and 3-step adjustable spring loaded hydraulic at the rear along with 130 mm drum brakes at the front and rear. More

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      Hero MotoCorp Sales Feb 2023 – Splendor, Passion, Destini, Maestro

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      Hero MotoCorp sales increased both in terms of YoY and MoM and across domestic sales and exports in February 2023New Hero SplendorHero MotoCorp has reported a YoY growth of 10.11 percent in February 2023. Sales (domestic + exports) stood at 3,94,460 units in the past month, up from 3,58,254 units sold in Feb 2022. Even as the company reported a 15.34 percent growth in domestic sales to 3,82,317 units in Feb 2023 from 3,31,462 units sold in Feb 2022, exports dipped significantly. The company’s exports which had stood at 26,792 units in Feb 2022 fell 54.68 percent to 12,143 units in the past month.Hero Motorcycle sales increased 9.87 percent in Feb 2023 to 3,71,854 units from 3,38,454 units sold in Feb 2022 while Scooter sales which had stood at 19,800 units in Feb 2022 improved by 14.17 percent to 22,606 units in the past month. Top selling motorcycles from Hero MotoCorp include Splendor, HF Deluxe, Passion, Xpulse, Xtreme, etc. In the scooter department, Hero has Maestro, Destini as well as the new Xoom and Vida electric scooter.Hero MotoCorp Sales Feb 2023On a MoM basis, Hero MotoCorp sales improved by 10.59 percent from 3,56,690 units sold in Jan 2023. Domestic sales were higher by 9.41 percent from 3,49,437 units, while exports surged 67.42 percent from 7,252 units shipped in Feb 2023. MoM sales improved in the case of motorcycles by 11.54 percent but dipped 1.93 percent for scooters.Motorcycle sales in Jan 2023 had stood at 3,33,638 units relating to a 38,216 unit volume growth and 93.54 percent share. Scooter sales on the other hand had been at 23,052 units in Jan 2023 relating to a 446 unit MoM volume de-growth.Hero MotoCorp Sales Feb 2023Hero MotoCorp YTD SalesOn a year to date basis, Hero MotoCorp sales improved by 7.01 percent. Total sales (domestic + exports) which had stood at 44,93,996 units in FY 2022 improved to 48,09,204 units in FY 2023 period. There was growth seen in the case of domestic sales by 10.06 percent to 46,53,063 units in FY 2023 from 42,27,762 units sold in FY 2022.Exports on the other hand dipped 41.35 percent to 1,56,141 units in FY 2023 from 2,66,234 units shipped in FY 2022. This was a 1,10,093 unit volume de-growth with exports commanding a 3.25 percent share as against domestic share of 96.75 percent.YTD growth was seen both in the case of motorcycles and scooters by 6.45 percent and 15.07 percent to 44,73,260 units and 3,35,944 units respectively. There had been 42,02,044 units sold in domestic markets in FY 2022 relating to a volume growth of 2,71,216 units and 93.01 percent share. Exports stood at 2,91,925 units in FY 2022 with a 43,992 unit volume growth and share percentage of 6.99.New Hero Scooters Increase SalesThe new Xoom 110cc scooter has played a major part in sales in the past month. The Xoom that rivals the Honda Dio in its segment is presented in three variants and is available from Rs 68,599 onwards.Hero MotoCorp has commenced sales of its electric scooter under Vida brand in cities of Delhi, Bengaluru and Jaipur. Plans are afoot to introduce the e-scooter in other cities as well in the next fiscal. Hero MotoCorp VIDA V1 electric scooter is offered in two variants Pro and Plus. More

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      2023 Chetak Premium Edition Launch Price Rs 1.52 L – 3 Colours

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      Bajaj Auto Ltd Progresses Key Initiatives for 2W EV Business with 2023 Chetak Premium Edition Launch2023 Chetak Premium EditionBajaj Auto Ltd is making strides in the electric vehicle (EV) business. Reliant on several key initiatives aimed at scaling and improving quality. One of the latest developments is the launch of 2023 Chetak Premium Edition in three new colours – Matte Coarse Grey, Matte Caribbean Blue, and Satin Black. Base variant of Chetak is priced from Rs 1.22 lakh. All prices are ex-sh, Bangalore.2023 Chetak Premium Edition boasts an all-metal body, with premium materials used for detailing. The large new all-colour LCD display console provides vehicle information. Dual-toned seat, body-coloured rear view mirrors, grab rail and pillion footrest castings are in satin black finish. Adding to the e-scooter’s sleek appearance. Headlamp casing, blinkers, and central trims are in charcoal black finish for added sophistication.Improved Cost Efficiency and Availability – Scaled upto 10k Chetak e-scooters per monthBajaj Auto Ltd is also focused on cost efficiency to improve customer accessibility. And has undertaken supply chain restructuring and development programmes with key vendors. Bajaj Auto Ltd is now able to produce 10,000+ units of Chetak per month, while keeping final product costs in check. It’s inevitable that Chetak’s per month sales volume is now set to peak.Bookings for 2023 Chetak Premium Edition are open, with deliveries scheduled for April 2023 onward. Chetak dealership network spans 60+ cities. Planned dealership network expansion is at about 100 stores in 85 cities by March 2023 end. Additionally, there are 40+ stores that serve as exclusive Experience Centres, while Chetak dealerships also double up as exclusive service centres.2023 Chetak Premium EditionPartnership with Yulu for Last-Mile Urban MobilityBajaj Auto Ltd is also making strides in the last-mile micro-mobility sector. A partnership with Yulu resulted in 2 products – Miracle GR and DeX GR. Designed and manufactured by Bajaj Auto Ltd, they are the newest e-scooters in last-mile urban mobility.Overall, the robust work done on the EV supply chain has been crucial in enabling Bajaj Auto to scale up. This helped meet the growing demand for electric vehicles. And initiate manufacturing for Yulu. With a strengthened supply chain and drive efficiencies, Bajaj can continue to innovate and grow. And all along, pave the way for a cleaner and more sustainable transportation future.Bajaj Auto Ltd is well-positioned to make a significant impact in the EV industryOverall, the electric vehicle (EV) industry has seen tremendous growth in recent years. This has resulted in numerous initiatives aimed at strengthening the EV supply chain. Including raw material sourcing and component manufacturing, to vehicle assembly and distribution.2023 Chetak Premium EditionAs a result of this robust work, Bajaj has now commenced its EV business scale-up phase. This progress, along with a secure outlook for the industry, has enabled 2W EV companies to expand their networks and ensure availability of products across different segments and price pointsFurthermore, the significant efficiencies achieved in the EV supply chain enables manufacturers to streamline their processes and reduce costs. Which means more competitive pricing for consumers. This positions Bajaj Auto Ltd well to harness the opportunity unfolding for EVs and continue to drive growth in the coming years. More

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      Royal Enfield Sales Feb 2023 – Classic, Hunter, Meteor, 650 Twins

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      Royal Enfield domestic sales increased by 23.59 percent YoY while exports improved by 1.18 percent in Feb 2023New Royal Enfield 650cc Black EditionRoyal Enfield sales in February 2023 improved both in terms of domestic sales and exports. The company which sells models such as the Hunter, Bullet, Classic and Meteor in the sub 350 cc segment as well as Himalayan, Scram 411, Interceptor 650, Continental GT 650 and Super Meteor 650 saw total sales (domestic + exports) at 71,544 units in Feb 2023. This was a 20.93 percent YoY growth over 59,160 units sold in Feb 2022. MoM sales dipped by 4.28 percent from 74,746 units sold in Jan 2023.Royal Enfield Hunter 350 has contributed heavily to these sales. Launched in August 2022, sales have hit the 1 lakh unit sales milestone in 6 months making it the 2nd best-selling bike in the company portfolio after Classic 350. The company has also added some features and new colour options to the 650 Twins. 2023 Royal Enfield Continental GT and Interceptor are expected to launch soon.Royal Enfield Sales Feb 2023Of the total 71,544 units sold in the past month, domestic sales stood at 64,436 units, up 23.59 percent YoY when compared to 52,135 units sold in Feb 2022. On a MoM basis, domestic sales fell by 4.82 percent when compared to 67,702 units sold in Jan 2023.Exports on the other hand, improved by 1.18 percent to 7,108 units in Feb 2023 from 7,025 units sold in Feb 2022. MoM exports also grew marginally by 0.91 percent from 7,044 units shipped in Jan 2023.Royal Enfield Sales Feb 2023Majority sales came in from the company bikes in the sub 350cc segment. Sales stood at 64,810 units in Feb 2023, up 30.97 percent YoY from 49,484 units sold in Feb 2022 commanding a 90.59 percent share. MoM sales dipped 4.95 percent from 68,183 units sold in Jan 2023 relating to a 3,373 unit volume de-growth while share had stood at 91.22 percent.Bikes of more than 350cc configuration suffered a YoY de-growth of 30.41 percent to 6,734 units in the past month from 9,676 units sold in Feb 2022. It was however a MoM growth of 2.61 percent from 6,563 units sold in Jan 2023. The RE Himalayan 450 has been spied undergoing test in Ladakh. It is expected to make its debut at the EICMA Show later this year with launch set for some time in November 2023.RE Year-to-Date Sales and ExportsOn a year to date (YTD) basis, Royal Enfield has seen outstanding growth both in terms of domestic sales and exports. Total sales in the April-Feb 2023 period stood at 7,62,660 units, up 42.66 percent from 5,34,591 units sold in the same period of 2022. This was a volume growth of 2,28,069 units.Domestic sales improved by 45.85 percent to 6,74,956 units in FY2023 from 4,62,759 units sold in FY 2022. Exports also increased by 22.10 percent to 87,704 units in FY2023 from 71,832 units sold in the same period last year. Bikes in the sub 350cc segment contributed 6,73,582 units to total sales, up 49.50 percent when compared to 4,50,569 units sold in FY 2022 with an 88.32 percent share. The larger capacity bikes saw sales of 89,078 units in FY 2023. This was a 6.02 percent growth from 84,022 units sold in FY 2022 relating to a 5,056 unit volume growth and an 11.68 percent share. More