The penultimate month of 2023 has seen a slow-down in sales for all manufacturers after the record-high figures in October due to the festive season rush. Here’s how each of the legacy manufacturers performed.
Hero MotoCorp: 4,76,286 units
As expected, Hero continues to lead the way in November too, but compared to its October 2023 sales numbers (5,59,766 units), it reported a 14.91 percent decline. However, it has reported an uptick of 25.39 percent when compared to November 2022 (3,79,839 units). Hero has unveiled some exciting new products at the EICMA trade show in Milan, some of which will be launching in India quite soon. To read more about that, tap here.
Honda Motorcycle & Scooter India (HMSI): 4,20,677 units
Honda sold over 4.2 lakh units last month, but that was a 9.09 percent decline compared to October 2023 (4,62,747 units). However, compared to November 2022 (3,53,540 units), it has reported an 18.99 percent increase. Honda has launched the most affordable model in its neo-retro line-up in India, the CB350, and to see how that bike stacks up against its chief rivals on paper, tap here.
TVS Motor Company: 2,87,017 units
Hosur-based TVS reported a 16.81 percent decline compared to its October 2023 sales figure of 3,44,957 units. In the same vein as the top two, it reported a substantial 49.70 percent increase compared to its November 2022 sales figure (1,91,730 units). TVS’ most recent entrant in the Indian market is the Apache RTR 310, and to read our review, tap here.
Bajaj Auto: 2,18,597 units
Chakan-based Bajaj has reported a 21.51 percent decline compared to its October 2023 sales numbers (2,78,486 units). But compared to its November 2022 sales figure of 1,23,657 units, it reported a large 76.78 percent increase. We were the first to report that Bajaj has been working on a CNG-powered motorcycle, and we expect it to launch in the coming months.
Royal Enfield: 75,137 units
Royal Enfield reported a 7.20 percent decrease compared to its October 2023 sales numbers (80,958 units), and much like all other manufacturers, it reported a 14.26 percent increase compared to November 2022 (65,760 units). The company has launched its all-new Himalayan in India; to read our review, tap here. It also showcased a special factory custom of the Shotgun 650 at its Motoverse festival, which previews the production-spec model.
Suzuki: 73,135 units
Suzuki India reported a 13.25 percent decrease in November compared to its October 2023 numbers (84,302 units). However, it reported a 15.80 percent increase when compared to its own numbers last November (63,156 units). Suzuki showcased two new models at EICMA based on its existing platforms, and to read more on that, tap here.
| November 2023 sales | |||||
|---|---|---|---|---|---|
| Nov 23 | Oct 23 | % change | Nov 22 | % change | |
| Hero | 4,76,286 | 5,59,766 | -14.91 | 3,79,839 | 25.39 |
| Honda | 4,20,677 | 4,62,747 | -9.09 | 3,53,540 | 18.99 |
| TVS | 2,87,017 | 3,44,957 | -16.81 | 1,91,730 | 49.70 |
| Bajaj | 2,18,597 | 2,78,486 | -21.51 | 1,23,657 | 76.78 |
| Royal Enfield | 75,137 | 80,958 | -7.20 | 65,760 | 14.26 |
| Suzuki | 73,135 | 84,302 | -13.25 | 63,156 | 15.80 |