Hero Beats Honda To Become India’s #1 Two-Wheeler Brand With 37% Market Share: Check Top 10 Companies

As announced by the Federation of Automobile Dealers Associations (FADA) for May 2022, the two wheeler registration has increased considerably.

In May 2021, sales stood at 4,10,871 units and in the last month increased to 12,22,994 units.

Especially in the case of electric two wheeler makers who have reported significant increase in YoY sales.

May 2022 : Two Wheeler Retail Sales

In the month of May 2022, the Hero MotoCorp retail sales stood at 4,59,245 units, which is significantly up than the 1,92,987 units sold in May 2021.

As compared to 46.97 percent in May 2021, the company saw its market dip to 37.55 percent in the past month. 

There is high demand for models like Splendor, Passion, Destini and Xpulse. It was also in the month of may 2022 that the Splendor lineup was expanded to include the new Splendor+ XTEC commuter bike priced at Rs. 67,030.

Up from 78,360 units sold in May 2021, Honda two wheeler sales stood at 2,91,535 units in May 2022.

From 19.07 percent YoY, the market share increased to 23.84 percent. Activa, CB Shine, Dio, Grazia, Hness CB350 and Unicorn are the ones that are leading the sales. 

The intention to develop flex-fuel technologies along with fully electric two-wheelers for the Indian market has also been expressed by the company.

Up from 57,656 units sold in May 2021, the retail sales in May 2022 increased to 1,69,621 units. 

From 14.03 percent the market share dipped to 13.87 percent in the past month as compared to its holding in the same month of the previous year.
At no. 4 is Bajaj Auto Limited, with retail sales as announced by FADA at 1,23,083 units, up from 45,557 units sold in May 2021.

From 11.09 percent held in May 2021, the market share dipped to 10.06 percent in the past month. 

Bajaj Auto seeks to see increased sales of the Chetak e-scooter as sales have been opened up in more cities across the country.

May 2022 Sales – Yamaha

A notable increase on a YoY basis from 9,186 units sold in May 2021 to 46,055 units in the past month was noticed in the Royal Enfield Yamaha India. Market share also went up from 2.24 percent to 3.77 percent YoY.

Royal Enfield retail sales stood at 45,671 units in May 2022. This was up from 14,977 units sold in May 2021 with market share increasing from 3.65 percent to 3.73 percent in the corresponding months.

Retail sales of Suzuki Motorcycle India increased to 42,300 units in May 2022, up from 9,478 units sold in May 2021 bringing up market share to 3.46 percent over 2.31 percent held in May 2021. Electric two wheeler maker Okinawa Autotech was the highest selling electric two wheeler maker in India in May 2022. Retail sales stood at 9,303 units in the past month, up from 217 units sold in May 2021.

Ola Electric commenced sales earlier this year and saw its retail sales at 9,225 units in May 2022 with a market share of 0.75 percent. Hero Electric, Ola and Okinawa have however had to contend with several instances of fire hazards leading to recalls, which has adversely affected sales. Ampere retail sales also saw a notable increase to 5,836 units in May 2022, up from 147 units sold in May 2021.

The company market share also went up to 0.48 percent in the past month from 0.04 percent held in May 2021. Piaggio (3,617 units), Classic Legends (3,548 units), Ather Energy (3,323 units) and Hero Electric (2,850 units) each saw increased YoY retail sales and a considerable increase in market shares. There was also Revolt and PUR Energy with retail sales of 1,585 units and 1,466 units respectively in the past month and others in this segment contributing 4,731 units to total two wheeler retail sales in May 2022.