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      TVS Sales Jan 2024 – Records 23.41% YoY, 12.46% MoM Growth

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      Image – MRD VlogsDomestic two wheeler sales grew by 24% to 268,233 units while three-wheeler sales stood at 1,937 unitsTVS Motor Company, a leading 2 and 3 wheeler manufacturer showed off some positive sales performance in January 2024, particularly across the two wheeler segment. The company reported an overall (2+3 wheeler) (domestic + exports) growth of 23.41 percent to 3,39,513 units in January 2024. This was a YoY growth over 2,75,115 units sold in January 2023 while MoM sales improved by 12.46 percent as against 3,01,898 units sold in December 2023.TVS Motor YoY Sales January 2024In the two wheeler segment, motorcycle sales improved by 28.56 percent YoY to 1,55,611 units in January 2024, up from 1,21,042 units sold in January 2023. This was a volume growth of 34,569 units with motorcycles commanding a 47.16 percent share. TVS Apache and Raider are two motorcycles that continue to garner buyer’s attention and are regular features on the top 10 motorcycle sales list.TVS Motor Sales Jan 2024 vs Jan 2023Scooter sales also saw a growth of 24.17 percent YoY to 1,32,290 units in January 2024, up from 1,06,537 units sold in January 2023 relating to a volume growth of 25,753 units. Scooter sales command a 40.10 percent share and it’s the TVS Jupiter and Ntorq that are popular products in this segment.TVS also has the iQube e-scooter that has seen a 33.75 percent YoY growth to 16,276 units last month. It was a significant growth over 12,169 units sold in January 2023 with a 4,103 unit volume growth. Moped sales also improved YoY by 13.21 percent to 42,035 units. This took total 2W sales to 2,68,233 units in January 2024 up 23.91 percent over 2,16,471 units sold in January 2023.TVS Motor Sales Jan 2024 vs Jan 2023 – YoY performanceExports have also posted a YoY growth by 27.91 percent to 61,704 units in January 2024 from 48,239 units sold in January 2023 taking total 2W sales up 24.64 percent to 3,29,937 units from 2,64,710 units sold in January 2023. Where 3W sales were concerned, the company has seen increased demand in domestic markets by 19.57 percent to 1,937 units up from 1,620 units sold in January 2023. However, 3W exports dipped by 13.04 percent YoY to 7,639 units in January 2024 as against 8,785 units sold in January 2023. Thus total 3W sales were in the red by 7.97 percent to 9,576 units in January 2024 from 10,405 units sold in January 2023.TVS total (2+3W) domestic sales grew by 23.88 percent to 2,70,170 units in the past month from 2,18,091 units sold in January 2023 while exports saw a 21.60 percent YoY growth to 69,343 units. This took total sales to 3,39,513 units relating to a 23.41 percent YoY growth.TVS Motor MoM Sales January 2024On a MoM basis, total sales (2+3W) (domestic + exports) grew by 12.46 percent from 3,01,898 units sold in December 2023. This was a volume growth of 37,615 units. Growth was seen both in terms of motorcycle and scooter sales. Motorcycle sales improved by 5.11 percent MoM to 1,55,611 units from 1,48,049 units sold in December 2023 while scooter sales were up 28.23 percent from 1,03,167 units sold in December 2023. Motorcycles and scooters commanded a 51.04 percent and 35.57 percent share respectively.TVS Motor Sales Jan 2024 vs Dec 2023 – MoM performanceE-scooter and moped sales also improved by 4-scooter and moped sales also improved by 44.91 percent and 8.21 percent MoM over 11,232 units and 38,848 units sold in December 2023 thus taking total W2 sales up 24.77 percent to 2,68,233 units in January 2024 from 2,14,988 units sold in December 2023. Exports of two wheelers however fell by 17.81 percent from 75,076 units shipped in December 2023In the 3W segment, domestic sales improved by 27.52 percent to 1,937 units last month from 1,519 units sold in December 2023. However, 3W exports dipped significantly by 25.94 percent over 10,315 units shipped in December 2023. This took total 3W exports down by 19.08 percent to 9,576 units in the past month from 11,834 units sold in December 2023. Total domestic (2+3W) sales saw a 24.79 percent improvement on a MoM basis while exports (2+3W) dipped 18.79 percent MoM. More

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      Hero MotoCorp Jan 2024 Sales At 4.2 L – Continues Growth Momentum

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      2023 Hero Splendor 125cc XTECOf a total of 4,33,598 units sold in January 2024, domestic sales stood at 420,934 units, while 12,664 units were exportedHero MotoCorp, a leader in the two wheeler segment, saw outstanding sales in January 2024. The company has reported sales of 4,33,598 units in the past month. This was a 21.56 percent YoY growth over 3,56,690 units sold in January 2023. This was a volume growth of 76,908 units. MoM sales also improved by 10.06 percent from 3,93,952 units sold in December 2023 relating to volume growth of 39,646 units.Hero MotoCorp YoY Sales January 2024On a YoY basis, Hero MotoCorp has seen growth both across its motorcycle and scooter segments. Motorcycle sales grew by 20.51 percent with 4,02,056 units sold last month, up from 3,33,638 units sold in January 2023 with motorcycles commanding a 92.73 percent share. Scooter sales saw growth by 7.27 percent to 31,542 units in January 2024 from 23,052 units sold in January 2023.Hero MotoCorp sales Jan 2024This took total domestic sales to 4,20,934 units in January 2024 up 20.46 percent over 3,49,437 units sold in January 2023 relating to a 71,497 unit volume growth. Domestic sales command a 97.08 percent share while exports make up the balance of 2.92 percent. Exports in the past month saw a 74.60 percent YoY growth to 12,664 units, up from just 7,253 units sold in January 2023.In terms of MoM sales, even as Hero MotoCorp reported a 10.06 percent growth, the company has witnessed lower scooter sales while exports too ended in the red. Motorcycle sales grew by 13.36 percent MoM to 4,02,056 units from 3,54,658 units sold in December 2023 relating to a 47,398 unit volume growth and while motorcycles had held a 90.03 percent share.Hero MotoCorp sales FY23 YTDScooter sales on the other hand dipped by 19.73 percent from 39,294 units sold in December 2023. This took total sales up 11.40 percent MoM from 3,77,842 units sold in December 2023. Exports suffered a setback with a 21.39 percent MoM de-growth over 16,110 units sold in December 2023.Hero MotoCorp YTD Sales April-January 2024On a Year-to-Date (YTD) basis, Hero MotoCorp has seen growth more specifically in the scooter segment. Motorcycle sales improved by 4.77 percent to 42,97,019 units in the 2023-24 percent over 41,01,406 units sold in the same period last year. However, scooter sales were up 16.68 percent to 3,65,611 units in the April-January 2024 period from 3,13,338 units sold in the period of April-January 2023. This was a 52,273 unit volume growth.This took total domestic sales up 5.74 percent YTD to 45,16,018 units, from 42,70,746 units sold in April-January 2023 relating to a 2,45,272 unit volume growth. Domestic sales commanded a 96.86 percent share while export share stood at 3.14 percent with 1,46,612 units sold in April-January 2024 over 1,43,998 units sold in the same period last year.In recent news, the new Hero Mavrick 440 made its global debut. While bookings are set to start from February, deliveries are expected to commence from April 2024. It is positioned on the same platform as the Harley Davidson X440 and prices are yet to be announced. More

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      Honda 2W Sales Jan 2024 at 3.82 L – Posts YoY and MoM Growth

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      Honda ActivaHonda 2W sales grew significantly both in domestic and global markets in January 2024Honda Motorcycle and Scooter India (HMSI) sales in January 2024 stood at a total (domestic + export) of 4,19,395 units. This was a 41.51 percent YoY growth over 2,96,363 units sold in January 2023 relating to a 1,23,032 unit volume growth. Setting off the New Year on a promising note, the company has seen growth both in domestic and global markets.Honda 2W YoY Sales January 2024Honda 2W sales which grew at 41.51 percent YoY in January 2024 at 4,19,395 units saw domestic sales at 3,82,512 units, up 37.52 percent over 2,78,143 units sold in January 2023. This was volume growth of 1,04,369 units with domestic sales commanding a 91.21 percent share.Honda 2W Sales Jan 2024Exports however, saw an even higher percentage growth by 102.43 percent with a total of 36,883 units shipped in January 2023, up from 18,220 units exported in January 2023. This was a volume growth of 18,663 units with exports taking up an 8.79 percent share.On a MoM basis, Honda 2W sales saw a 32.25 percent growth to 4,19,395 units. This was a volume growth of 1,02,272 units over 3,17,123 units sold in December 2023. Here too there has been a significant increase both in domestic sales and exports. Domestic sales were up 33.70 percent MoM to 3,82,512 units from 2,86,101 units relating to a 96,411 unit volume growth with a 90.22 percent share. Exports were up 18.89 percent from 31,022 units shipped in December 2023 with a 5,861 unit volume growth and 9.78 percent share.Honda 2W recent updatesThe company achievements during January 2024 also included the inauguration of a 3rd assembly line at Vithalapur in Gujarat with a capacity of 6.5 lakh units. Honda also inaugurated a new sales and service outlet at Rajkot in Gujarat while Honda has been in attendance at the Bharat Mobility Expo 2024 Show with an electric scooter and Flex Fuel motorcycle.Speaking about the Flex Fuel technology, the motorcycle will run on flex fuel which is a blend of ethanol and gasoline. The two wheeler maker has modified the CB300F that can run on flex fuel. This is not the first time that the company has made a flex fuel bike, as the company has sold several such flex fuel powered bikes in Brazilian markets.The company also commenced 2024 with an exciting new launch. The Honda XN500 has been launched at Rs 5.9 lakh (ex-showroom). It is presented in 3 colour options of Grand Prix Red, Matte Gunpowder Black Metallic and Pearl Horizon White and sold via the company’s BigWing dealerships. Bookings are open now for Rs 10,000 exclusively at Honda’s BigWing dealerships while deliveries are set to commence by February 2024. More

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      Royal Enfield Sales January 2024 – Classic, Bullet, Hunter, 650cc

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      Royal Enfield Shotgun 650Royal Enfield ended the first month of year 2024 on a positive note by registering sales growth across YoY, MoM and YTD aspectsIconic motorcycle brand, Royal Enfield, has ended the first month of year 2024 with positive overall sales prospects registering growth across YoY, MoM and YTD charts. The total Royal Enfield motorcycles sold last month stood at an impressive 76,187 units with 350cc portfolio being the primary contributor.Royal Enfield Sales January 2024The company’s 350cc portfolio includes the ever-green Bullet 350, Hunter 350, Meteor 350 and ever-popular Classic 350. Bullet 350 was the latest addition, but Classic 350 is by far the best-selling one with unprecedented popularity. Together, Royal Enfield sold 67,620 350cc motorcycles in January 2024.When compared to 68,183 units sold last year, there was a slight 0.83% YoY decline, losing 563 units in volume. 350cc motorcycles constituted 88.76% of Royal Enfield’s total sales last month. Speaking of MoM performance, the 67,620 350cc motorcycles outsold 55,401 units sold in December 2023.This was a 22.06% MoM growth, resulting in 12,219 units of volume gain YoY. This is an expected behaviour in sales at the beginning of a new year. Followed by 350cc motorcycles, we have Royal Enfield’s 411cc, new 450cc and 650cc motorcycles that come under the same umbrella.Royal Enfield Sales January 2024Together, this umbrella accounted for a 11.24% of Royal Enfield’s total sales with 8,567 units sold, which is a 30.53% YoY growth over 6,563 units sold last year and a 7.28% MoM growth over 7,986 units sold a month before. Volume growth stood at 2,004 units YoY and 581 units MoM.Exports declined sharply YoYRoyal Enfield’s total domestic sales stood at 70,556 units in January 2024, which is a 4.22% YoY growth over 67,702 units sold a year ago and an impressive 23.15% MoM growth over 57,291 units sold a month before. Volume gain stood at 2,854 units YoY and 13,265 units Mom. Domestic numbers account for 92.61% of Royal Enfield’s total sales.On the contrary, exports accounted for 7.39% of Royal Enfield’s total sales with 5,631 units. This is a 20.6% YoY decline when compared to 7,044 units shipped in Jan 2023. There was a 7.63% MoM decline too as RE shipped 6,096 units a month before.New Himalayan. Image – Shah Royal EnfieldIn total, Royal Enfield pushed out 76,187 units, which was a 1.93% YoY growth over 74,746 units sold in January 2023 and a 20.19% MoM growth over 63,387 units sold in December 2023. Volume growth stood at 1,441 units YoY and 12,800 units MoM.FY24 YTD SalesYTD, Royal Enfield sold 6,79,567 units of 350cc portfolio, which was a 11.63% positive growth over 6,08,772 units sold in FY23, with a volume growth of 70,795 units. Motorcycles over 350cc accounted for 81,679 units with 0.81% YoY decline. Total domestic numbers stood at 7,00,829 units with 14.79% YoY growth.Royal Enfield Sales January 2024 – YTDThe 60,417 units of exports accounted for a 25.04% YoY decline when compared to numbers from FY23. In total, Royal Enfield’s YTD sales for FY24 stood at 7,61,246 units with a 10.15% positive growth and 70,130 units gained in volume YoY. More

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      New Komaki Electric Scooter Launch Price Rs 1.06 L – 500 Kgs Loading Capacity

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      New Komaki Electric ScooterKomaki XGT CAT -3.0 boasts of a strong iron body with comfortable seating and loading capacity of upto 500 kgsKomaki has unveiled its latest innovation, the Komaki XGT CAT 3.0 e-loader. This three-wheeler commercial scooter is tailored for both commercial and personal use, presenting an efficient and cost-effective mode of transportation. Particularly advantageous for differently-abled riders, the three-wheeler design enhances safety and ease of use.Komaki XGT CAT 3.0 – Setting New StandardsIn the rapidly growing Indian market, electric scooter three-wheeler loaders have gained significant popularity due to their versatility, compact size, cost-effectiveness, and manoeuvrability through crowded streets. They serve as an ideal solution for last-mile logistics and intra-city transport, addressing various cargo needs.New Komaki Electric ScooterThe Komaki XGT CAT 3.0 sets a new standard for e-loading vehicles with its robust iron body, providing superior durability and stability. The spacious and comfortable seat, along with a wide foot space, distinguishes it from traditional two-wheeler loaders.Notably, this innovative vehicle boasts an impressive loading capacity of up to 500 kgs, making it a reliable choice for diverse cargo requirements. Riding on three 12-inch wheels, it features a triple disc system with brake levers for enhanced safety.New Komaki Electric ScooterThe advanced features of the Komaki XGT CAT 3.0 include the intelligent Komaki IQ System, providing real-time riding information through a colorful dashboard with wireless updates for new features. This system not only furnishes riders with essential information but also contributes to improved performance, efficiency, stability, and safety, even when dealing with a substantial 500 kg loading capacity.New Komaki Electric ScooterAdvanced Technology for an Enhanced ExperienceAdditional amenities include a mobile charging point, anti-theft lock, remote lock, telescopic shocks, parking assist, and cruise control. Powering the Komaki XGT CAT 3.0 is a fire-resistant graphene battery equipped with a portable charger. The triple disc system with brake levers ensures effective braking, while the vehicle boasts an impressive range of approximately 120-180 kilometers, depending on load conditions.Gunjan Malhotra, Director of Komaki Electric Division, expressed her enthusiasm about the launch, emphasizing the vehicle’s significance in the e-loading segment. Malhotra highlighted the meticulous design process focused on meeting evolving customer needs, with a strong emphasis on safety, comfort, and performance. The inclusion of Komaki’s IQ System further underscores the company’s commitment to providing intelligent solutions for a sustainable future.New Komaki Electric ScooterThe Komaki XGT CAT 3.0, with its innovative features and cutting-edge technology, is poised to make a significant impact in the electric vehicle market, offering a reliable and efficient solution for commercial and personal transportation needs. More

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      2024 KTM RC 390 Gets New Colours – Full Details

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      2024 KTM RC 390 Gets New ColoursAs opposed to 390 Duke, 2024 KTM RC 390 only gets two new exciting colours while remaining the same mechanicallyKTM India has been porting its 390 lineup to the new 399cc engine. First of the bunch was 390 Duke, which was launched in India and you can rear our first-ride review here. However, RC 390 and 390 Adventure are yet to make the transition to this new engine. Before that, KTM might introduce new colour options to keep the product fresh.2024 KTM RC 390 RevealedGlobally, KTM has unveiled two new colours for RC 390 and these are highly likely to be offered on India-spec models too. KTM has not added any design changes to the 2024 RC 390, except for new colours. It still boasts the same race-inspired package. The new colours are exciting.One includes a base Blue shade with hints of orange and white on it along with large RC stickering in white colour. While second colourway has the front half of RC 390 covered in bright orange, while other half gets black body panels accentuated by orange coloured subframe. This colourway gets a large RC stickering on fairing in faded black effect.Just like the current model, 2024 KTM RC 390 is positioned on a split-steel trellis frame as was seen with current 390 Adventure and previous generation KTM 390 Duke. It gets LED head and tail lamps along with integrated LED blinkers, handlebars with 2 step height adjustment feature and a 13.7-liter fuel tank.2024 KTM RC 390Its Grand Prix inspired styling is in the form of race-inspired likes across its bodywork, while its design now protects the rider from wind and weather and allows for better heat management with its outer and inner panels directing airflow away from the rider.Same ol’ 373.27cc engine2024 KTM RC 390 is powered by the same 373.27cc, single-cylinder, liquid-cooled, DOHC, 4-valve petrol engine. Peak power is at 42 hp at 9,000 rpm and peak torque is at 37 Nm at 7,000 rpm. The engine gets mated to a 6-speed gearbox with slip and assist clutch. The new 399cc engine ekes out more performance.Electronics package includes Motorcycle Traction Control (MTC), Lean Angle Sensitive ABS, Dual-Channel ABS with SUPERMOTO mode and power-assisted anti-hopping slipper clutch. It also gets Quickshifter+ as part of its standard kit. Onboard features also include a TFT multi-function display unit as is also seen on the KTM 390 Adv with MTM MY RIDE along with Bluetooth connectivity mated to the user’s smartphone.Braking system consists of a 320mm disc in the front and a 230mm disc at the rear, which are mounted on the wheel spokes as against its wheel hubs. Suspension is via WP Apex USD fork in the front and WP Apex adjustable mono-shock at the rear. Where competition is concerned, the 2024 RC 390 will take on the TVS Apache RR 310 and the upcoming Triumph Thruxton. More

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      Honda Electric Scooter, Flex Fuel Motorcycle – Bharat Mobility Expo 2024

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      Honda e: SwapAt Honda’s pavilion at Bharat Mobility Expo 2024, the company showcased a wide variety of products across various sectorsThe Japanese auto giant, Honda, has set up a massive demonstrative pavilion at ongoing Bharat Mobility Expo 2024. Honda is a group of companies operating in different sectors. At Bharat Mobility Expo 2024, Honda made its presence known across Honda Motorcycle and Scooter India (HMSI), Honda Power Pack Energy India (HEID), Honda Cars India Limited (HCIL) and HIPP (Honda India Power Products).Honda Electric Scooter, Flex Fuel MotorcycleThis is the first ever Bharat Mobility Expo ever and commenced today, extending to 3rd of February at Bharat Mandapam in New Delhi. Honda is showcasing what it has to offer in India’s future of mobility. Bharat Mobility Expo 2024 acts as a platform for the company to showcase their products in commitment towards sustainability, road safety, zero traffic collision fatalities and carbon neutrality.Honda Motorcycle and Scooters India (HMSI) showcased the most interesting product among the rest. We’re talking about HMSI’s first flex-fuel powered motorcycle developed specially for Indian market. This move aligns with Indian Government’s alternative fuel direction and initiatives as well.Honda showcased a pre-production model that uses what the company calls “Flex Tech” technology. This motorcycle runs on flex fuel, which is a blend of Ethanol and gasoline. This is HMSI’s first-ever flex fuel capable offering and represents Honda’s decade-plus experience in active pursuits in flex fuel arena in Latin American markets like Brazil.Honda’s new flex-fuel capable bikeThe engine on this vehicle is a 293.52cc single-cylinder air-cooled engine compatible with up to E85 fuel (85% Ethanol blend). In the electrification realm, Honda Power Pack Energy India (HEID) proudly showcases its technology that is set to accelerate India’s electric mobility adoption. HEID is betting big on swappable battery tech.At the Expo, HEID will showcase Honda e: Swap, a battery-swapping solution developed for 2W and 3W applications. With Honda e: Swap, HEID intends to reshape the landscape of electric mobility in India. As of now, Honda e: Swap stations are operational in Bengaluru, Karnataka and there are plans to extend these to all major tier-1 cities.Honda Sensing DemonstratedHonda Cars India Limited (HCIL) is working on an electric version of its Elevate SUV. Until then, HCIL has showcased its City e:HEV and Elevate SUV at Bharat Mobility Expo 2024. Both of them feature Honda Sensing ADAS suite that aligns with Honda’s zero traffic collision fatalities goal. City e:HEV packs Honda’s two-motor strong hybrid system.Honda Bharat Mobility Expo 2024Lastly, Honda India Power Products (HIPP) showcased its new range of power tools at Bharat Mobility Expo 2024. HIPP’s new range of Li-ion battery powered robotic lawnmowers, hand-held grass trimmers, hedge trimmers and blowers comprised its extensive lawn and garden range. That’s not it. HIPP will showcase bio-fuel compatible portable inverter generator, 4-stroke Honda Marine engine, and others. More

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      Bajaj Sales Jan 2024 – Two Wheelers and CVs Register Growth

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      New Bajaj Pulsar N 150Bajaj Auto has seen its two wheeler and commercial vehicle segments report growth both in terms of YoY and YTD basis in domestic markets even as CV exports experience some declineIn the two wheeler segment, domestic sales grew by 36 percent YoY to 1,93,350 units in January 2024, up from 1,42,368 units sold in January 2023. It was also significant growth on a MoM basis as compared to 1,58,370 units sold in December 2023.Bajaj Auto YoY Sales January 2024Exports also posted a YoY growth of 14 percent to 1,14,898 units in January 2024, up 14 percent from 1,00,678 units sold in January 2023. This took total two wheeler sales to 3,08,248 units in January 2024, up 27 percent from 2,43,047 units sold in January 2023.Bajaj Auto Sales Jan 2024In the commercial vehicle space, the company has recorded a 12 percent YoY growth in domestic sales which stood at 36,693 units in the past month, up from 32,842 units sold in January 2023. Exports dipped by 8 percent to 11,069 units, down from 12,046 units shipped in January 2023. This took total CV sales up 6 percent to 47,762 units in January 2024 from 44,888 units sold in the same month last year.Combining sales both in the two-wheeler and commercial vehicle segments, sales in domestic markets grew by 31 percent YoY to 2,30,043 units, up from 1,75,210 units sold in January 2023. Exports also showed off a 12 percent YoY growth to 1,25,967 units, up from 1,12,725 units sold in January 2023. Total CV sales (domestic + exports) thus stood at 3,56,010 units in the past month, relating to a 24 percent YoY growth over 2,87,935 units sold in January 2023.Bajaj Auto Sales YTDBajaj Auto YTD Sales – April – January 2024Taking into account two wheeler sales in the past 10 month, Bajaj Auto has seen a 24 percent rise in domestic sales. Sales stood at 18,97,054 units in the April-January 2024 period, up from 15,33,261 units sold in the same period of 2023. Exports however, dipped significantly by 14 percent to 12,22,300 units in the April-Jan 2024 period, down from 14,27,220 units shipped in April-Jan 2023. This saw total two wheeler sales at 31,19,354 units in the 2024 period up 5 percent from 29,60,481 units sold in the same period of the previous year.In the commercial vehicle segment as well, Bajaj Auto experienced growth across domestic sales, while exports suffered a setback. In domestic markets, there was a phenomenal growth of 67 percent to 3,90,382 units, up from just 2,33,543 units sold in April-Jan 2023 period. CV exports dipped by 21 percent on a YTD basis to 1,28,631 units, down from 1,62,040 units shipped in the April-Jan 2023 period. This took total sales in this segment up 31 percent to 5,19,013 units during the April-Jan 2024 period from 3,95,583 units sold in the same 10 month period last year.Total sales (domestic + exports) thus went up 8 percent on a YTD basis. This included 22,87,436 units sold in domestic markets and 13,50,931 units which were exported. Total sales thus stood at 36,38,367 units in April-Jan 2024 when compared to 33,56,064 units sold in April-Jan 2023. More