May 2022 two-wheeler sales report sees 246% year-on-year growth

Two-wheeler sales in May 2022 see the segment posting 246% year-over-year growth, having sold a total of 11,88,937 units, compared to 3,43,336 units sold in May 2021. The segment of two-wheelers also recorded monthly growth of 8%.

Honda Motorcycle and Scooter India recorded the highest growth in May 2022, having sold 3,20,844 units and recorded a growth of 728%, while in numbers, Hero MotoCorp leads the segment with 4,66,466 units sold.

After Hero MotoCorp in first and Honda in second, TVS registers the third highest sales with 1,91,482 units and registers an annual growth of 268%. In May 2021, TVS sold 52,084 units. As for TVS’ monthly growth, the Hosur-based two-wheeler maker saw a 6% increase in sales.

Bajaj is following suit, having sold 96,102 units in May 2022 and posting a 59% growth compared to May 2021, when Bajaj sold 60,342 units. After Bajaj, Suzuki and Royal Enfield sold 60,518 units and 53,525 units respectively, recording growth of 384 and 167 percent.

Additionally, when comparing the OEM sales figures above to April 2022, all showed positive growth except for Royal Enfield. Hero MotoCorp and Suzuki posted the highest rates at 17% and 11% respectively, while Royal Enfield saw a marginal decline of 1%.

The trend shows customers opting for commuter motorcycles and scooters over more upmarket models like what Royal Enfield sells, helping Suzuki outsell RE. Despite this demand, the world’s oldest motorcycle manufacturer managed to register an impressive growth of 167% compared to May 2021, selling 53,525 units compared to 20,073 units in May 2021.

Compared to May 2021, the sales trend shows that the Indian automotive market is growing and chip shortages have eased a bit. Also, with the slow opening of offices and the demand for employees to work from their desks, the demand for two-wheelers has increased, which has helped sales.