Vehicle Sales Report 2024: These vehicles dominate the market, Hero wins in two-wheelers

PIONEER INDIA NEWS HARYANA: The automobile market has seen good growth last month. Two-wheelers registered a growth of 4.66 percent, while three-wheeler sales were 5.1 percent higher than before. Hero MotoCorp has maintained its dominance by securing the number one position in the two-wheeler segment. In fact, FADA (Federation of Automobile Dealers Association) has released the sales report of last month i.e. June 2024, which shows that Hero MotoCorp's sales have increased.
The dominance of these vehicles
Automobile retail in India has seen a marginal growth of only 0.73% this year. While two-wheelers and three-wheelers recorded a positive growth of 4.66 percent and 5.1 percent, respectively. On the other hand, sales of segments such as passenger vehicles (PV), tractors (tracted) and commercial vehicles (CV) have declined.
Passenger vehicle sales declined by 6.77 percent on a year-on-year basis and 7.18 percent MoM. According to the information received, the reason for this decline is said to be extreme heat.
Despite various offers to people, there is no increase in the range of these vehicles. On the other hand, commercial vehicles also declined by 4.74 percent year-on-year and 12.42 percent MoM.
Hero MotoCorp dominates the two-wheeler market
According to the report, Hero MotoCorp has secured the first position in the two-wheeler segment. Hero MotoCorp sold 3,97,029 vehicles last month i.e. in June 2024.
However, this figure is lower than June 2023 as the company's vehicle sales stood at 4,27,203 in June 2023. Honda Motorcycle and Scooter India Pvt Ltd is in second place with sales of 3,51,422 vehicles in June 2024.
At the same time, Bajaj Auto has achieved the number one position in the three-wheeler segment. The company sold 34,238 vehicles last month. This figure was 33,264 in June 2023. Piaggo vehicles are in second place with sales of 6850 vehicles.