Hero Splendor dominated the sales chart to finish ahead of arch rival Honda Activa and CB Shine by a significant margin
Top 10 two wheeler sales saw positive growth in FY 2023 to 1,12,48,574 units, a 15.28 percent YoY increase as against 97,57,340 units sold in FY 2022. This was a volume growth of 14,91,234 units. Most models on this list has seen YoY growth except for the Hero HF Deluxe, Bajaj Platina and TVS XL100
When talking about sales volumes, there is none that can beat the Hero Splendor in the motorcycle segment and Honda Activa in the scooter segment. These two models dominated sales charts in FY 2022 and continue to rule the segment even in FY 2023. Even on a monthly basis, it is these two models that garner the highest sales.
Top 10 Two Wheelers FY 2023 – Over 1.12 Crore 2Ws Sold
Hero Splendor was the most favoured two wheeler in FY 2023 with 32,55,744 units sold during the period. This was a 22.15 percent YoY growth from 26,65,386 units sold in FY 2022. The Hero Splendor commands a 28.94 percent share on this list.
At No. 2 was the Honda Activa scooter of which 21,49,658 units were sold in FY 2023, up 25.84 percent as against 17,08,305 units sold in FY 2022 relating to a 4,41,353 unit volume growth. Honda Activa electric scooter is in the pipeline. This will be the first electric scooter from the Honda stables which is set to launch sometime early next year.
Top 10 two wheeler sales list had the CB Shine at No. 3. Sales improved 9.74 percent YoY to 12,09,025 units in FY 2023 from 11,01,684 units sold in FY 2022 to command a 10.75 percent share on this list. Honda also launched the new Shine 100 in March 2023 which will be seen as a strong competitor to the Hero Splendor, Bajaj Platina 100 and TVS Star City Plus.
Hero MotoCorp’s HF Deluxe followed at No. 4 on this list with a YoY de-growth. Sales dipped 9.71 percent to 10,52,034 units in FY 2023 from 11,65,163 units sold in FY 2022. This was a volume de-growth of 1,13,129 units while market share stood at 9.35 percent. Recording a 32.43 percent YoY sales growth was the Bajaj Pulsar. Sales increased to 10,29,057 units in FY 2023, up from 7,77,044 units sold in FY 2022. This was volume growth of 2,52,013 units while the Pulsar commanded a 9.15 percent share on this list.
TVS Jupiter, Bajaj Platina, Suzuki Access
Lower down the list was the TVS Jupiter scooter that has recorded the highest YoY growth from among the others on this list. It saw sales of 7,29,546 units in FY 2023, up 44.59 percent over 5,04,567 units sold in FY 2022. The Jupiter scooter is also set to receive an electric version. It will be seen as a strong contender to the Honda Activa Electric.
Sales de-growth was also reported for the Bajaj Platina, sales of which fell 7.26 percent YoY to 5,34,017 units in FY 2023 from 5,75,847 units sold in FY 2022. There was the Suzuki Access scooter that followed with a YoY sales growth of 8.30 percent to 4,98,844 units in FY 2023 from 4,60,596 units sold in FY 2022.
TVS XL 100 moped sales also fell 6.68 percent YoY to 4,41,567 units in FY 2023 down from 4,73,150 units sold in FY 2022 relating to a 31,583 unit volume de-growth. At no. 10 was the TVS Apache with 3,49,082 units sold in FY 2023, up 7.12 percent when compared to 3,25,598 units sold in FY 2022. The TVS Apache series also recorded a sales milestone of 5 million (50 lakh units) in Feb 2023.