Throughout this time, Royal Enfield has improved its industry position by more than 1%.
Estimates for the time duration of April to December 2022 have been given by SIAM (Society Of Indian Automobile Manufacturers). Consumption of motorized vehicles increased by 17% in the first nine months of the economic year, while scooter consumption increased by 32% and moped purchases increased by 32% and 33%, respectively (down 9 percent).
The nation’s largest two-wheeler manufacturer, Hero MotoCorp, recorded sales of 3.92 million units, an increase of 11% over the previous year. Motorcycles constituted up 36,39,140 of these, or 93% (up 10%), while scooters accounted for 2,82,169, or 7%, of the total.
Honda Motorcycle & Scooter India trails the industry position by about 6,000 units (HMSI). Honda, however, has had faster expansion than Hero, which has resulted in a two percentage gain in industry dominance, from 25.13 percent to 27.10 %.
HMSI sold 7,64,367 more components between April and December 2022 than it did in the same time last year.
Nevertheless, the Activa family of scooters, which just welcomed the Activa H-Smart, is what gives HMSI its prominence in the scooter industry.
Among its scooters, Suzuki Motorcycle India is generating strong strides, which has enabled it to slightly boost its customer base altogether. Suzuki produced a maximum of 5,39,027 units (up 23%), made up of 5,22,972 scooters (up 24%) and 16,055 motorcycles, and alongside Royal Enfield by 3,791 units (down 7 percent).