Two-wheeler sales May '25: Hero, Honda tussle for crown, how others performed

Two-wheeler sales May '25: Hero, Honda tussle for crown, how others performed

  • 03.06.2025 08:21
  • timesofindia.indiatimes.com
  • Keywords: Two-wheeler sales May '25, Hero MotoCorp, Honda, TVS Motor Company, Bajaj Auto, Suzuki Motorcycle India

Hero MotoCorp leads two-wheeler sales in May 2025 with 5.08 lakh units, followed by Honda at 4.65 lakh. TVS, Bajaj, and Suzuki also saw significant growth, with TVS up 17%, Bajaj by 8%, and Suzuki by 16%.

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Estimated market influence

Hero MotoCorp

Positivesentiment_satisfied
Analyst rating: N/A

Leading sales with 5.08 lakh units dispatched

Honda

Honda

Positivesentiment_satisfied
Analyst rating: Buy

Second in sales with 4,65,115 units

TVS Motor Company

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Analyst rating: N/A

Significant 17% increase in sales, 50% surge in EV sales

Bajaj Auto

Positivesentiment_satisfied
Analyst rating: N/A

8% rise in sales

Suzuki Motorcycle India

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Analyst rating: N/A

16% jump in sales

Context

Two-Wheeler Sales Analysis - May 2025

Overall Market Performance

  • Indian two-wheeler market experienced growth in May 2025, with most major brands reporting higher sales compared to the previous year.

Top Performers and Key Metrics

1. Hero MotoCorp

  • Sold 5,07,701 units, up 2% YoY from 4,98,123 units in May 2024.
  • Motorcycle sales: 475,164 units, up 1% YoY.
  • Scooter sales: 32,537 units, up 19% YoY.
  • Domestic sales: 488,997 units, up 2% YoY.
  • Exports: 18,704 units, up 1% YoY.

2. Honda

  • Sold 4,65,115 units, trailing Hero by a narrow margin.
  • No specific YoY growth data provided.

3. TVS Motor Company

  • Total sales: 4,31,275 units, up 17% YoY from 3,69,914 units.
  • Two-wheeler sales: 4,16,166 units, up 16% YoY.
  • Motorcycle sales: 2,11,505 units, up 22% YoY.
  • Scooter sales: 1,66,749 units, up 15% YoY.
  • EV sales: 27,976 units, up 50% YoY.

4. Bajaj Auto

  • Total sales: 3,84,621 units, up 8% YoY from 3,55,323 units.
  • Two-wheeler sales: 3,32,370 units, up 9% YoY.
  • Domestic sales: 1,91,412 units, up 2% YoY.
  • Exports: 1,40,958 units, up 20% YoY.

5. Suzuki Motorcycle India

  • Total sales: 1,28,896 units, up 16% YoY from 1,11,512 units.
  • Domestic sales: 1,07,780 units, up 17% YoY.
  • Exports: 21,116 units, up 8% YoY.

Market Trends and Implications

  • Hero MotoCorp continues to lead, but competition is intensifying with Honda close behind.
  • TVS Motor Company showed strong growth, driven by a 50% surge in EV sales, indicating a shift toward electrification.
  • Bajaj Auto and Suzuki Motorcycle India also reported steady growth, with exports contributing significantly to their performance.
  • The overall market is poised for sustained growth, with EV adoption likely to play a key role in future trends.

Competitive Dynamics

  • Hero and Honda are neck-and-neck, with Hero maintaining a slight edge.
  • TVS Motor Company is gaining momentum, particularly in the EV segment, which could disrupt market dynamics.
  • Bajaj Auto and Suzuki Motorcycle India are focusing on exports, suggesting a strategic push to tap into international markets.

Strategic Considerations

  • Companies are investing in EV production, with TVS leading the charge with a 50% increase in EV sales.
  • Export growth indicates that brands are diversifying their market reach beyond India.

Long-Term Effects

  • The EV segment is expected to drive future growth, with companies like TVS and Bajaj likely to capitalize on this trend.
  • Regulatory changes, such as stricter emission norms, could further accelerate EV adoption in the coming years.

Conclusion

The Indian two-wheeler market remains robust, with Hero leading the pack and TVS making significant strides in EVs. The competitive landscape is dynamic, with all major players focusing on innovation and expansion to maintain their market positions.