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      Hero MotoCorp Sales Dec 2022 – Splendor, Passion, Destini, Maestro

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      Even as Hero MotoCorp continued to remain the No. 1 two-wheeler maker in India, sales dipped marginally on a YoY basisHero Splendor 125cc Matte BlackHero MotoCorp, the No. 1 automaker in India has seen its sales dip albeit marginally in the past month. Total sales in December 2022 stood at 3,94,179 units in Dec 2022, down 0.15 percent from 3,94,773 units sold in Dec 2021.Domestic sales improved by 1.84 percent to 3,81,365 units from 3,74,485 units YoY while exports slipped 36.84 percent to 12,814 units in Dec 2022 from 20,288 units shipped in Dec 2021. Motorcycle sales took a 5.34 percent decline to 3,56,749 units in Dec 2022 while scooter sales improved 108.98 percent to 37,430 units last month.Hero MotoCorp Sales Dec 2022Taking MoM sales into account, Hero MotoCorp saw a 0.83 percent MoM growth to 3,94,179 units from 3,90,932 units sold in Nov 2022. Growth was seen both in terms of domestic sales (3,81,365 units) up 0.40 percent and exports (12,814 units) which grew by 15.51 percent MoM. Hero Splendor, HF Deluxe and Pleasure were the top 3 selling bikes during the month while the Destini 125 also added good numbers.Taking into account sales during the past calendar year 2022, Hero MotoCorp reported a 0.15 percent decline when compared to sales in CY 2021. Total sales which had stood at 50,34,422 units in CY 2021 dipped to 50,26,717 in CY 2022.Hero MotoCorp Sales Dec 2022Sales were in the red in the first 3 months of last year thus taking Q1 2022 sales down 26.11 percent to 11,05,754 units from 14,96,478 units sold in Q1 2021. Sales then increased in the following three months to end Q2 sales up 41.20 percent to 13,28,082 units from 9,40,597 units sold in Q2 2021. However, losses in the first three months of CY 2022 led to H1 sales falling by 0.13 percent.Hero MotoCorp yearly sales – 2022 CYQ3 2022 sales improved by 1.67 percent to 13,89,011 units while Q4 2022 sales fell 2.21 percent to 12,03,870 units. H2 2022 sales were thus down 0.17 percent to 25,92,881 units from 25,97,347 units sold in H2 2021. Total sales in the past calendar year dipped 0.15 percent to 50,26,717 units from 50,34,422 units sold in CY 2021. Hero Vida V1 Electric ScooterAfter launching the XPulse 200T 4V last month at Rs 1,25,726 (ex-showroom Mumbai), the company has entered the highly lucrative electric two wheeler segment with the Vida V1 e-scooter. The first scooter has already been delivered from the Vida Experience Centre located at Vittal Mallya Road in Bangalore. Hero Vida V1 is presented in two variants of Plus and Pro priced at Rs 1.45 lakh and Rs 1.59 lakh, ex-showroom, respectively.This pricing is inclusive of a portable charger and charging service. Viad V1 receives swappable batteries with the Pro slated to offer 165 kms range and Plus at 143 kms on single charge. The electric motor on both variants is capable of 6 kW power and 3.9 kW continuous power output. The Vida V1 competes with the Ola S1, TVS iQube and Bajaj Chetak in its segment and is expected to boost sales for the company in the months ahead. More

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      Royal Enfield Sales Dec 2022 – Bullet, Hunter, Classic, 650 Twins

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      Royal Enfield sales decline both on YoY and MoM basis in December 2022, though CY 2022 sales improved 27.72 percentImage – Auto Moto ShowMotorcycle maker Royal Enfield has reported a 7.24 percent decline in sales in December 2022. Sales dipped YoY to 68,400 units from 73,739 units sold in Dec 2021. This was a 5,339 unit volume loss.Domestic sales of Royal Enfield dipped 8.23 percent to 59,821 units in the past month from 65,187 units sold in Dec 2021. Exports improved marginally by 0.32 percent to 8,579 units from 8,552 units shipped in Dec 2021.Royal Enfield Sales Dec 2022YoY de-growth was seen both in the case of the 350cc segments. In the case of bikes 350cc bike sales fell to 7,177 units from 11,196 units sold in Dec 2021. Top selling 350cc motorcycles from Royal Enfield include Classic, Hunter, Bullet, Electra and Meteor.On a MoM basis as well, the company noted a 9.03 percent dip in domestic sales from 65,760 units sold in Nov 2022 while exports increased 71.37 percent from 5,006 units shipped in Nov 2022. Growth was seen in the 350cc segment by 49.21 percent over 4,810 units sold in Nov 2022.Royal Enfield Sales Dec 2022Royal Enfield opened the calendar year 2022 on a dismal note. Sales were in the red in the first 3 months thus taking Q1 2022 sales to 1,60,338 units from 1,89,659 units sold in CY 2021 relating to a 15.46 percent de-growth.Royal Enfield Sales 2022 – Annual ReportSales picked up in April, May and June 2022 with Q2 2022 sales at 1,57,652 units, up 50.61 percent over 1,04,677 units sold in Q2 2021. H1 sales thus increased 8.04 percent to 3,17,990 units. Positive sales were seen in every month thereafter except for Dec 2022.Q3 sales increased by 73.37 percent while Q4 sales were up 34.18 percent to end H2 sales higher by 50.33 percent at 3,85,176 units from 2,56,221 units sold in H2 2021. Total sales of the company in CY 2022 increased by 27.72 percent to 7,03,166 units from 5,50,557 units sold in Cy 2021.Royal Enfield Sales 2022RE Upcoming Launches in 2023Royal Enfield has a total of 3 new launches in the months ahead. These include the Royal Enfield Super Meteor 650, Himalayan 450 and Bullet 350. The Super Meteor 650 has made its debut at the 2022 EICMA Show. India launch will take place this month. The Bullet 350 on the other hand is a generation update which will come in with a new J-series engine that will make 20.2 hp power and 27 Nm torque mated to a 5-speed manual transmission. Himalayan 450 launch is expected by the end of 2023. More

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      Honda 2W Sales Breakup Nov 2022 – Activa, Shine, Unicorn, Dio

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      Honda Two wheeler exports fell 18 percent in December 2022; Domestic sales improved by 38 percentImage – Dev MTRAs a leading domestic manufacturer, Honda two-wheelers offers a range of vehicles. For the longest time, Honda has stood in growth territory, driven by the popularity of Activa. Honda has introduced new models in the mid-segment in recent years. In November 2022, domestic sales were reported at 3,53,553 units, up from 2,56,174 units. Volume gain was just shy of a lakh units at 38 percent growth.Activa remains the golden egg laying goose at 1,75,084 units. Volume growth stood at 51k units, up from 1,24,082 units at 41 percent growth. CB Shine sales crossed a lakh at 1,14,965 units, up from 83,622 units. Volume growth was at 31k units at 37.5 percent growth.Honda 2W Sales Breakup Nov 2022Unicorn sales almost doubled at 28,729 units, up from 15,555 units. Volume gain stood at 13,174 units at 84.69 percent. Dio sales too almost doubled up at 16,102 units from 8,522 units. Volume gain stood at 7,580 units at 88.95 percent growth.Livo sales fell from 7,416 units to 6,089 units. Volume decline stood at 17.89 percent at volume loss of 1,327 units. Dream units sales fell to 4,613 units from almost 8k units. Grazia sales fell to less than half down at 2,579 units from 5,448 units. Hness CB350 sales were at 2k units down from 2.3k units. Hornet 2.0 sales were reported at 1,655 units. CB300R sales were reported at 367 units. CB200X sales fell to 93 units. 11 units of CBR 650 were sold, and a single GoldWing.Honda 2W Domestic Sales Breakup Nov 2022While Honda is a major two-wheeler manufacturer in India, it’s significant business presence in the domestic market isn’t replicated in the export business. Over time, Honda has exported a wide range of two-wheelers from India to markets around the world, including motorcycles, and scooters. And the rather new Navi, a modern iteration of an advanced moped, which sadly only survived a few short years in India.Honda 2W Exports Breakup Nov 2022As a brand, Honda enjoys a strong global presence. And has built a reputation for producing high-quality, reliable vehicles. Exports from India aren’t high volume. Last month this number stood at below 20k units.Navi led from the front at 7,345 units at 5 percent decline. Dio exports fell by 20 percent, down to 3,655 units from 4,595 units. X-Blade numbers improved to 2,352 units, up from 2,080 units. CB Shine volumes fell by 1k units, down at 1,913 units from 2,960 units. Unicorn exports improved by more than half, up at 1,680 units from 1,104 units. Honda 2W Exports Breakup Nov 2022Livo exports were up at 1.4k units from 1.1k units. Hornet 160R volumes improved by 200 units, up at 924 units. Activa, which sells in lakhs in India, had 312 takes overseas. Dream exports fell significantly, down at 100 units from 1.3k units. Total exports for the month fell to 19,681 units, down from 24,211 units at 18.71 percent decline. Volume decline stood at 4,530 units. More

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      Hero Vida Electric Scooter First Owner Takes Delivery In Bangalore

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      To avoid a deluge of bookings and ensure timely deliveries, Hero Vida is being launched in a phased manner across the countryFirst owner of Hero Vida electric scooter takes deliveryHero MotoCorp’s first electric scooter, Vida has been available for booking in Delhi, Bengaluru and Jaipur. Users can reserve their Vida by paying a token amount of Rs 2,499. This is fully refundable or will be adjusted against the final price at the time of purchase. By 2022, Hero has plans to make Vida available at more than 200 locations across the country.Recently, Hero opened Vida’s first experience centre in Bengaluru. In coming weeks, Vida experience centres will be open for business in Delhi and Jaipur. Deliveries of Vida electric scooter have officially started today. Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp delivered the very first Hero electric scooter to a customer in Bangalore.Hero Vida variantsHero Vida is available in two variants, V1 Plus and V1 Pro. Primary difference between the two is in their installed battery capacity and range. V1 Plus has 3.44 kWh battery capacity, whereas V1 Pro has 3.94 kWh. Both scooters have dual battery packs of 1.72 kWh and 1.97 kWh, respectively. Range is 143 km for V1 Plus and 165 km for V1 Pro. Acceleration is slightly faster with the Pro variant that takes 3.2 seconds to reach from 0 to 40 kmph. The Plus variant does that in 3.4 seconds.Both Vida variants have the same performance numbers at 6 kW of peak power and 25 Nm of max torque. Gradeability is 20° whereas top speed is rated at 80 kmph. Both variants have riding modes of Eco, Ride and Sport. Pro variant gets an additional Custom riding mode, which offers more than 100 combinations. Pro variant weighs 125 kg, which is 1 kg more than Plus variant.First Hero Vida Electric Scooter Experience CenterIn a home environment, charging time is 5 hours 15 minutes for Plus and 5 hours 55 minutes for Vida Pro variant. With a fast charger, the time taken for a full charge is around 2 hours for V1 Plus and 2 hours 20 minutes for V1 Pro.Common features for both variants of Vida electric scooter include all-LED projector headlamp, 7-inch TFT display with OTA support, Bluetooth, 4G, Wi-Fi, anti-theft alarm, geofence, track my bike, vehicle diagnostics, cruise control, SOS alert, regenerative braking and reverse function. Vehicle warranty and battery warranty are 5 years/50,000 km and 3 years/30,000 km, respectively.Hero Vida priceEffective price (after FAME II subsidy) in Delhi is Rs 1.28 lakh for V1 Plus and Rs 1.39 lakh for V1 Pro variant. Vida ex-showroom price is the same across all three cities and it gets Central Government FAME II subsidy of Rs 51k for V1 Plus and Rs 60k for V1 Pro.The difference in pricing across cities comes from the varying levels of subsidy offered by respective state governments. Some states have discontinued their subsidy completely, resulting in higher pricing. In Bengaluru where state subsidy is not available, effective price is Rs 1.45 lakh for V1 Plus and Rs 1.59 lakh for V1 Pro. More

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      Hero Sales Breakup Nov 2022 – Splendor, HF Deluxe, Pleasure, Xpulse

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      Hero MotoCorp remained the No.1 two wheeler maker in Nov 2022 with total sales of 3,90,802 unitsImage – Indian IdentityHero MotoCorp, India’s largest two-wheeler maker, has posted a YoY domestic sales growth of 15.48 percent in Nov 2022. However, in export markets, the company saw its shipments dip by 45.97 percent. Total sales in the past month stood at 3,90,802 units in the past month, up from 3,49,531 units sold in Nov 2021.Domestic sales grew by 15.48 percent to 3,79,709 units in Nov 2022 from 3,28,817 units sold in Nov 2021. This was a volume growth of 50,892 units. Exports dipped 45.97 percent to 11,093 units in Nov 2022 from 20,531 units shipped in Nov 2021 relating to a volume de-growth of 9,438 units.Hero MotoCorp Domestic Sales Nov 2022Hero Splendor 100-110cc led the sales chart in the past month. Sales increased by 37.97 percent YoY to 2,65,588 units in Nov 2022, up from 1,92,490 units sold in Nov 2021. This was a volume growth of 73,098 units with the Splendor commanding a 69.95 percent share.At No. 2 was HF Deluxe that has posted a YoY de-growth of 14.54 percent. Sales of this commuter bike in Nov 2021 had stood at 76,149 units which dipped to 65,074 units in Nov 2022. The HF Deluxe currently commands a 17.14 percent share on this list. Hero Pleasure was the company’s best-selling scooter in Nov 2022 with 19,739 units sold, up 77.25 percent YoY from 11,136 units sold in Nov 2021. The Pleasure scooter was also the 4th best-selling scooter in the country after the Activa, Access and Jupiter.Hero MotoCorp Sales Breakup Nov 2022Destini 125 sales surged 372.15 percent on a YoY basis to 15,411 units in Nov 2022 from 3,264 units sold in Nov 2021. Sales of Hero Glamour (7,402 units) and Passion (2,740 units) dipped significantly on a YoY basis by 66.20 percent and 78.81 percent respectively. Sales of these two models stood at 21,901 units and 12,933 units in Nov 2021. Domestic sales of Hero Maestro (1,977 units), Xtreme 160/200 (1,196 units) and Xpulse (582 units) also took a dive on a YoY basis.Hero MotoCorp expects the new Vida V1 electric scooter, recently introduced in India to bring in added sales in the coming months. Bookings have opened and deliveries have commenced. The Vida e-scooter is presented in two variants Vida V1 Plus and Vida V1 Pro priced at Rs 1.45 lakh and Rs 1.59 lakh, ex-showroom, respectively.Hero MotoCorp Exports Nov 2022Every model in the company lineup posted a YoY de-growth in terms of exports except for the  Hero Maestro. In export markets, it was the Hero HF Deluxe that saw the most sales at 4,192 units, down 16.26 percent YoY from 5,006 units sold in Nov 2021. It currently holds a 37.79 percent share.Hero MotoCorp Exports Nov 2022Hero Hunk exports dipped 70.74 percent YoY to 2,654 units in Nov 2022 from 9,070 units shipped in Nov 2021. More recently, the 2023 Hero Hunk has been doing the test rounds. Completely without any camouflage, the Hunk appears to be a rebadged Hero Xtreme 200R which had been discontinued a few years back.Exports of Hero Splendor dipped by 32.05 percent to 2,120 units from 3,120 units shipped in Nov 2021 while Hero Maestro was the only model on this list to post a YoY growth in terms of exports. Shipments stood at 774 units in the past month, up 128.99 percent from 338 units shipped in Nov 2021.Hero Xpulse 200 (578 units) and Glamour (400 units) both posted a YoY de-growth in terms of exports by 53.94 percent and 75.93 percent respectively over 1,255 units and 1,662 units shipped in Nov 2021. There were also 270 units of Passion and 96 units of Pleasure exported last month while Destini 125 sales dipped 88.75 percent to just 9 units in Nov 2022 from 80 units shipped in Nov 2021. More

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      Royal Enfield Parent Co. Invests In Stark Electric Motorcycles

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      Eicher Motors Ltd. (EML) approves strategic investment in Spanish electric motorcycle manufacturer Stark Future SLStark Electric MotorcycleEicher Motors Ltd., parent company of Royal Enfield announced a strategic collaboration with Spain-based Stark Future SL. Eicher Motors Ltd. Board approved an initial equity investment of € 50 million. This entails close to 10.35% equity stake in Stark Future. Eicher Motors Ltd., will have a Director seat on Stark Future’s Board.A development such as this becomes yet another space that’s getting superbly interesting. Royal Enfield’s reputation revolves around the mid-segment. And this collaboration will explore opportunities in electric mobility. Both Royal Enfield and Stark Future are keen on creating global mobility solutions. The manufacturer launched its first high performance electric motocross bike, Stark VARG recently.Stark VARG high performance electric motocross bikeStark Future is focused on performance electric motorcycles that contribute to sustainable mobility. The manufacturer has several patents on its newly developed Stark VARG.Royal Enfield’s R&D programmes too are focused on sustainable mobility technologies. To this end, several ideas are in an advanced stage of testing. Earlier this year, Royal Enfield electric motorcycle plans were in the news. A concept called Electrik01 was also leaked.Stark Electric Motorcycle ManufacturingThe company intends to create uniquely differentiated electric motorcycles in the midweight segment. A segment where the company leads from the front. The investment sets the foundations for a long term partnership in collaboration research and development in electric motorcycles. This extends to technology sharing, technical licensing, and manufacturing.Real breakout growth in the EV leisure spaceEicher Motors Ltd Managing Director, Siddhartha Lal says, “We love the vision, passion and focus of the amazing team at Stark Future. Leisure motorcycles do not easily lend themselves to EV technology at this stage, due to challenges like the battery range, packaging, weight and cost.This has resulted in stunted growth of this segment till now. Stark Future has been able to understand and harness the potential of EV technology by dramatically outperforming ICE offerings, without compromising on range, weight, packaging and cost.They have created an absolutely astounding motocross motorcycle – the Stark VARG as their entry into the EV world. We believe that Stark Future has the highest potential for real breakout growth in the EV leisure space with this model, and the potential to use this strong base to extend into other contiguous segments and beyond.” More

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      New Ather Electric Scooter Launch Likely On 7th Jan 2023

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      Ather currently has 450 Plus and 450 X electric scooters in its portfolio – They have plans to launch a few more in 2023Image for illustration purpose.Ather has been consistently driving sales by providing a unique experience to customers via their experience centers. Sales are complemented by consistent quality in service as well. Last month, Ather sales crossed 7,500 units, registering a 252.47% YoY growth and 7.82% MoM growth.Ather electric scooters come with a premium pricing. Despite that, they have managed to post solid sales growth over the years, especially in 2022. This year Ather electric scooter sales are likely to cross the 55k mark, registering a growth of over 230% YoY. In comparison, their rival Ola has sold close to 1.5 lakh scooters in 2022.New Ather Electric Scooter 2023To boost sales, Ather needs to launch an electric scooter which is priced in the Rs 80k to 1 lakh range. And it looks like we might get a new affordable Ather soon. The company is holding its community day on January 7th of 2023 and is expected to launch a new product.Earlier this year, a new electric scooter by Ather was spotted under testing and looks like it has the same flesh and bones as its premium sibling 450X Gen 3. Is this the new product that Ather will launch?Ather Electric Scooter Sales 2022. Dec nos estimated.Since Government’s subsidies will end in the future, Ather will likely launch a new scooter at a lower price point than its current products. Designing and developing a new chassis will incur heavy costs. Hence, this new scooter currently under testing, is likely to get the same aluminium space-frame chassis as 450X or use steel instead.But what about the features like a touchscreen, smartphone integration and the likes? Ather is likely to retain most of the features that are offered with the 3rd generation of 450X. Just like Ola S1 offers most of the features that are offered with the pricier S1 Air. Without these features, Ather might find it tough to market at around a price tag of Rs. 80,000 – 90,000.What To Expect?It is not yet sure if Ather will launch the recently spied budget model or the maxi-styled electric scooter that was patented in May 2021. There might not be any new launches at all. Instead, Ather might just introduce new colour schemes or limited editions of Gen 3 450X as well.Ather new electric scooter patentIf there is a new budget offering in the cards as spotted recently, it will have around 2.5 to 3 kWh worth of juice. This is comparable to what Ola offers with S1 Air at 2.5 kWh and S1 at 3 kWh. In contrast, 450X Gen 3 offers 3.7 kWh of battery.Ather’s upcoming budget scooter might be equipped to cover around 100km on a single charge while 450X Gen 3 is rated for a 146 km range. Official updates from Ather regarding these developments are not yet out. When launched this new model is likely to rival Ola S1 Air which is priced at Rs. 80K. More

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      Ola Electric Scooter Sales 2022 At 1.5 Lakh – Future Plans Revealed

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      It won’t be until 2026 that we will see a mass-market electric car from the Indian EV startup, Ola ElectricOla Electric ScooterAfter launching Move OS 3 for its customers, Ola Electric is bracing for the future. The company recently launched a new electric scooter named S1 Air at a low Rs. 80,000 price point (introductory). This way, Ola is set to bring EVs to an even larger segment of buyers.Despite setbacks like suspension failure, software errors, etc Ola has moved ahead in the game. It is currently the highest-selling electric 2W brand in India with over 16,000 units sold in its name last month. Ola CEO Bhavish Aggarwal revealed in a blog post that in just a year, 2W EVs penetration increased to 6%, from 1%.1.5 Lakh Scooters in 2022Ola Electric has revealed that they sold almost 1,50,000 electric scooters in 2022. This number is set to increase in 2023. In the same blog post, Ola’s future roadmap was revealed to great extent which includes vehicles in both 2W and 4W realm and in both mass market and premium segments. Let’s take a look.Aggarwal never dropped an opportunity to signify “The end of ICE era” and the same was reflected in this blog post. Mission Electric by Ola is set to replace all 2W with e-2W by 2025 and all 4W by e-4W by 2030. Even though this is not entirely feasible with developing markets like India, there is hope.Ola Electric Future Launch PlanUnder ACC PLI scheme, Ola has been allocated to manufacture batteries with a capacity of up to 20 GWh capacity by Indian Government. This will be the first stepping stone for Ola in making EVs accessible to masses. With indigenously designed and developed batteries and heavy localisation, battery prices will reduce, reducing the overall cost of an EV.Future RoadmapIn the blog post, 6 future Ola products were demonstrated falling under different segments and different price points. To kick things off, Ola is set to offer a mass-market electric scooter in 2023. This will be targeted at ICE scooters with up to 110cc of displacement which are generally priced at around Rs. 70,000 price point.2024 will mark Ola’s foray into electric motorcycles. The company is set to launch one premium motorcycle that is likely to cater to enthusiasts and then a mass-market electric motorcycle that might cater to premium commuter buyers. In 2025, Ola will launch a premium electric car, which has been teased multiple times and then a premium electric SUV.Lastly, the year 2026 will mark Ola’s entry into the mass-market electric cars segment which will be a lot more widespread than it currently is. Right now, Tata Motors dominates the electric car segment in India. It is to be seen how Ola’s roadmap will translate into a feasible reality in the coming future. More