Bajaj Pulsar 220In November 2024, the Indian two-wheeler market presented a mix of growth and challenges among its top 10 bestsellers – Splendor maintains lead
Hero Splendor led the market with an impressive 2,93,828 units sold, marking a robust 17.16% year-on-year growth. Honda Activa claimed the second spot with 2,06,844 units, achieving a steady 5.50% growth, thanks to its strong appeal among urban commuters. At number three, Honda Shine registered 1,25,011 units but experienced a slight decline of 3.07% compared to November 2023.
Top 10 Two Wheelers Nov 2024 – YoY Comparison
Bajaj Pulsar, a popular choice in the sporty commuter segment, secured the fourth position with sales of 1,14,467 units, though it saw a decline of 12.22%. TVS Jupiter emerged as a star performer, taking fifth place with 99,710 units sold and an impressive 36.85% growth, fueled by its updated features and increasing demand. In contrast, Hero HF Deluxe struggled in sixth place, witnessing a steep drop of 47.39%, with sales plunging to 61,245 units.
Top 10 Two Wheelers Nov 2024 – YoY Comparison
Suzuki Access, ranking seventh, continued its steady performance with 54,118 units sold, achieving a moderate 3.06% growth. TVS XL, a popular choice for rural and semi-urban markets, secured the eighth spot with 45,923 units, reflecting a 5.61% increase in sales. Bajaj Platina faced significant challenges, coming in ninth with 44,578 units, a sharp decline of 26.45%. Finally, TVS Apache, ranked tenth, sold 35,610 units but recorded a decline of 13.20%, indicating growing competition in the premium commuter segment.
Overall, the total sales of the top 10 two-wheelers stood at 10,81,334 units, reflecting a slight decline of 1.08% compared to November 2023. While models like Splendor, Activa, and Jupiter showed strong growth, others like HF Deluxe, Pulsar, and Platina faced notable setbacks, underlining the dynamic and competitive nature of the Indian two-wheeler market.
Top 10 Two Wheelers Nov 2024 – MoM Comparison
Top 10 Two Wheelers Nov 2024 – MoM Comparison
In a stark contrast, the month-on-month (MoM) performance from October 2024 to November 2024 revealed a steep decline in sales. Total sales for the top 10 two-wheelers dropped by 24.88%, with 3,58,230 fewer units sold compared to the festive peak of October. Hero Splendor, despite leading the charts, saw its sales dip by 24.97%, with 97,784 fewer units sold than in October. Honda Activa followed a similar trend, registering a 22.47% drop MoM with 59,962 fewer units sold. Honda Shine faced the steepest decline among the top three, with a 36.31% MoM drop.
Bajaj Pulsar stood out as the only model to record growth on a monthly basis, with a 2.35% rise in sales to 1,14,467 units. TVS Jupiter, despite its strong YoY growth, experienced a 9.11% decline MoM. Hero HF Deluxe saw the largest MoM drop, with a staggering 50.75% decline in sales, followed by Suzuki Access, which dropped 27.66%, and Bajaj Platina, which fell 27.74%. TVS XL and Apache also witnessed declines of 12.33% and 28.92% MoM, respectively.
The sharp MoM decline can be attributed to post-festive adjustments and seasonal market trends, with consumers having front-loaded their purchases during the festive season in October. While the YoY figures highlight long-term growth for models like Splendor, Activa, and Jupiter, the MoM performance reflects the cyclical nature of the two-wheeler market in India. More