Motorcycles that featured among the top 10 list saw a 14.06 percent YoY growth in FY 2023 with Hero Splendor commanding a lion’s share
After taking a look at the top 10 two wheelers and top 10 scooters, we now take a look at the top 10 motorcycle sales in the last financial year, ending March 2023. Motorcycle sales in FY 2023 improved by 14.06 percent to 84,26,714 units, up from 73,87,645 units sold in FY 2022. This was a volume growth of 10,39,069 units.
Hero MotoCorp dominated the motorcycle segment in FY 2023 with the Splendor a No. 1 seller. Splendor sales increased to 32,55,744 units in FY 2023 up 22.15 percent from 26,65,386 units sold in FY 2023. It posted a volume growth of 5,90,358 units to command a 38.64 percent share on this list.
Top 10 Motorcycle Sales FY2023
Honda CB Shine was at No. 2 with sales of 12,09,025 units in the past financial year, up 9.74 percent over 11,01,684 units sold in FY 2022. The company introduced the new Shine 100 in March 2023 which is seen as a strong contender to the Hero Splendor. Honda Shine 100cc deliveries are expected to commence from May 2023.
Sales dipped for the Hero HF Deluxe by 9.71 percent YoY to 10,52,043 units in FY 2023 from 11,65,163 units sold in FY 2022. The HF Deluxe commands a 12.48 percent share on this list. Sales of the Bajaj Pulsar series improved by 32.43 percent in FY 2023 to 10,29,057 units over 7,77,044 units sold in FY 2022. This was a 2,52,013 unit volume growth.
Bajaj Platina followed at No. 5 with 5,34,017 units sold in the past financial year. This was a YoY de-growth of 7.26 percent from 5,75,847 units sold in FY 2022. Volume de-growth stood at 41,830 units with the Platina commanding a 6.34 percent share on this list.
Motorcycle Sales Below 3.5 lakh – TVS Apache, RE Classic 350, Hero Glamour
At No. 6 on the list of top 10 motorcycles sold in FY 2023 was the TVS Apache with 3,49,878 units sold in the said period. This was a 7.21 percent YoY growth from 3,25,598 units sold in FY 2022. The TVS Apache recently reached milestone sales of 5 million units (50 lakh) in Feb 2023. The Apache series was launched in 2005.
Royal Enfield has recorded its highest sales in history at 8,34,895 units in FY 2023. Out of these total sales it was the RE Classic 350 that witnessed sales of 3,14,982 units sold in FY 2023, a YoY growth of 17.70 percent from 2,67,611 units sold in FY 2022.
Hero Glamour sales also suffered a YoY de-growth by 11.70 percent in FY 2023 to 2,49,878 units, down from 2,82,993 units sold in FY 2022. TVS Raider sales saw the maximum YoY growth in this list by 211.94 percent to 2,39,388 units in FY 2023 from 76,742 units sold in FY 2022. Yamaha FZ was at No. 10 with sales of 1,93,498 units in FY 2023 up 29.36 percent when compared to 1,49,577 units sold in FY 2022. Yamaha has re-launched the FZ-S V3 Matte Black with the model making its way to company dealerships ahead of deliveries.
