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Top 6 Motorcycle Brands In March 2024 – Positive YoY Growth Registered, All Details Here
The Motorcycle industry in India just keeps growing with brands from around the world coming to the Indian Domestic market. The top 6 motorcycle brands in March 2024 experienced a YoY growth of 15.24% with 14,13,152 units sold when compared to March 2023 which had 12,26,262 units sold.
Hero MotoCorp (4,59,257 units)
Topping the chart with a 32.50% share of the top 6 list, with 4,59,257 units sold in just the one month of March 2024, which is a -8.65% decrease on sales when compared to the YoY sales of 5,02,730 units in March 2023.
Honda (3,58,151 units)
Second on the list, is the Honda with 3,58,151 units sold. This is an incredible 81.33% increase in YoY sales for Honda when compared to the 1,97,512 units sold in March 2023. The Honda holds 25.34% of the top 6 charts.
TVS Motor Company (2,60,532 units)
In third place, the TVS Motor Company holds 18.44% of the top 6 chart having sold 2,60,532 units in March 2024. When compared to the 2,40,780 units sold in March 2023, TVS had an 8.20% increase in YoY sales.
| Rank | Brand | Mar-24 | Mar-23 | Growth (%) YoY |
| 1 | Hero | 4,59,257 | 5,02,730 | -8.65 |
| 2 | Honda | 3,58,151 | 1,97,512 | 81.33 |
| 3 | TVS | 2,60,532 | 2,40,780 | 8.20 |
| 4 | Bajaj | 1,83,004 | 1,52,287 | 20.17 |
| 5 | Suzuki | 86,164 | 73,069 | 17.92 |
| 6 | Royal Enfield | 66,044 | 59,884 | 10.29 |
Bajaj Auto (1,83,004 units)
Bajaj Auto sold 1,83,004 units in March 2024 and holds a 12.95% share of the top 6 list. Taking home fourth place on the list and a 20.17% growth in YoY sales when it is compared to the 1,52,287 units sold in March 2023.
Suzuki Motorcycle India (86,164 units)
We have Suzuki Motorcycle India in fifth place, with 89,164 units sold in March 2024. Suzuki has recorded an impressive 17.92% YoY growth when compared to the 73,069 units sold in March 2023. Suzuki holds a 6.10% share of the top 6 list.
Royal Enfield (66,044 units)
Royal Enfield takes the sixth spot with a 4.67% share of the top 6 list, with 66,044 units sold. Royal Enfield has experienced a YoY growth of 10.29% with March 2023 exporting 2,425 units.
Drivespark Thinks
With an impressive YoY growth of 15.24% among the top 6 brands in March 2024, it’s evident that consumers are increasingly drawn towards owning motorcycles. This trend only encourages manufacturers to give us better products
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