- two-wheeler
- 2W
- sales
- performance
- Honda
- Suzuki
- Yamaha
- Royal Enfield
- Hero
- Bajaj
- November 2024
- year on year
Two-wheeler Sales Performance In November 2024
- By MT Bureau
- December 04, 2024
Honda Motorcycle & Scooter India (HMSI) dispatched 4,72,749 units in November 2024. Of these, 4,32,888 units accounted for domestic sales, an increase of three percent when compared to the sale of 4,20,677 vehicles in November 2023. The company exported 39,861 units in the respective month.
Royal Enfield sold 72,236 units in the domestic market in India in November 2024 marking a decrease of four percent when compared to the sale of 75,137 vehicles in November 2023. The two-wheeler major exported 10,021 units in November, up 96 percent as compared to the export of 5,114 vehicles in November 2023.
Hero MotoCorp sold 459,805 units in November 2024 marking a 6.36 percent decrease when compared to the sale of 491,050 vehicles in November 2023. Domestic sales in November 2024 were 439,777 vehicles, down 7.66 percent when compared to the sale of 476, 286 units in November 2023. Exports saw a growth of 35.65 percent increase with 20,028 units dispatched in comparison to 14,764 units dispatched in November 2023.
At 4,21,640 units in November 2024, Bajaj Auto has announced a five percent increase in total sales year-on-year. In the domestic market, the company saw a sales decline of seven percent at 2,40,854 units. In November 2023, it sold 2,57,744 vehicles.
At 1,80,786 units, the two-wheeler major witnessed a 24 percent rise in exports in November 2024. In November 2023, it exported 1,45,259 vehicles.
Suzuki Motorcycle India Pvt Ltd achieved a total sale of 94,370 vehicles in November 2024, up eight percent when compared to the sale of 87,096 units in November 2023.
The domestic sale in November 2024 stood at 78,333 units, up seven percent when compared to the sale of 73,135 units in November 2023. Exports grew 15 percent at 16,037 units in November 2024 as compared to 13,961 units in November 2023.
TVS Motor Company registered a total sale of 401,250 units in November 2024, an increase of 10 percent when compared to the sale of 364,231 units in November 2023. Of these, 392,473 two-wheelers were sold in November 2024 respectively, marking a 12 percent increase in two-wheelers with the sale of 352,103 units in November 2023. In November 2024, 8,777 three-wheelers were sold marking a modest decline when compared to the sale of 12,128 units in November 2023.
In the domestic market, the two-wheeler business of TVS Motor Company witnessed a four percent growth with the sale of 305,323 units. In November 2023, the company sold 287,017 units. The motorcycle category saw a growth of four percent with the sale of 189,247 vehicles as compared to the sale of 172,836 units in November 2023. Scooter witnessed a growth of 22 percent with the sale of 165,535 units in November 2024 as compared to the sale of 135,749 vehicles in November 2023.
The company recorded a 57 percent growth in electric vehicles with a sale of 26,292 units in November 2024 as compared to the sale of 16,782 vehicles in November 2023. The iQube e-scooter has been a big success, steadily closing the gap with e-scooter market leader Ola Electric’s offerings in the same category.
TVS Motor Company exported 93,755 units in November, clocking a growth of 25 percent year on year when compared with the sale of 75,204 units in November 2023.
India’s Electric Vehicle Infrastructure Faces Capacity Strain Amid Growing Adoption: Report
- By MT Bureau
- September 10, 2026
HERE Technologies and SBD Automotive have released the 2025 edition of the HERE-SBD EV Index, evaluating electric vehicle adoption and charging infrastructure across 31 Indian states and union territories. The study shows expanding consumer demand alongside widening gaps in public charging network capacity.
The report finds that Chandigarh retains the top position in the national rankings, followed by Karnataka, Goa, Delhi and Tamil Nadu. Arunachal Pradesh, Jammu and Kashmir, Bihar, Assam, and Jharkhand occupy the lower positions. Goa recorded the highest battery electric vehicle fleet share at 0.91 percent, while Delhi recorded the highest public charger density with 1 charger per 9 kilometres of road.
Between 2024 and 2025, India added 6,800 public charge points, but the average charger capacity remained unchanged at 33 kilowatts. The ratio of battery electric vehicles to public chargers rose from 12:1 in 2024 to 20:1 in 2025, indicating that vehicle purchases are progressing faster than public charger installations. The index also incorporates survey responses from over 1,000 drivers in India, where the average age of electric vehicle owners is 35 years. The survey noted that 73 percent of electric vehicle owners reported encountering faulty public chargers, with charger availability cited as the primary barrier to vehicle adoption by 47 percent of respondents.
Abhijit Sengupta, Senior Director and Head of Business for India and Southeast Asia, HERE Technologies, said, "India’s EV journey is accelerating, propelled by rising consumer interest and progressive state-level policies. As adoption surges, the strain on infrastructure becomes more evident. The 2025 HERE-SBD EV Index highlights both the promise and pressure points of India’s EV ecosystem. These insights can serve as a valuable guide for policymakers and industry leaders to align efforts, close infrastructure gaps, and build a more inclusive and sustainable mobility future for the country."
Robert Fisher, Senior Consulting Manager, SBD Automotive, said, "India’s transport sector stands on the cusp of rapid electrification, yet the challenges ahead are considerable. The nation must navigate the distinct requirements of its diverse mobility landscape, as the needs of two- and three-wheeler drivers differ greatly from those of car owners and public transport operators. Only through rigorous analysis of market dynamics, user sentiment, and charging infrastructure development can India create an electrification strategy that meets the needs of its increasingly mobile population."
The policy environment transitioned following the conclusion of the FAME II program in September 2024, with the PM E-DRIVE initiative prioritizing two-wheelers, three-wheelers, and commercial vehicles. Four-wheeled electric passenger vehicles continue to receive support via sales tax incentives and the Production Linked Incentive scheme for domestic manufacturing.
Raptee.HV Opens Electric Mobility Centre At Rajalakshmi Engineering College
- By MT Bureau
- September 09, 2026
Chennai-headquartered electric vehicle company Raptee.HV has opened an electric mobility Centre of Excellence at Rajalakshmi Engineering College, establishing an industry-academia partnership focused on electric vehicle technology.
The new facility, inaugurated on World EV Day, is spread across 3,000 square feet and will operate under the Raptee.HV Academy initiative will introduce industrial exposure and prototyping tools to academic institutions.
The project represents an INR 5 million investment and accompanies a Memorandum of Understanding signed between Raptee.HV and Rajalakshmi Engineering College. The agreement covers industrial training, site visits, guest lectures, internships, academic courses and research projects.
It is designed for students across electrical, electronics and automotive engineering; the laboratory contains a Raptee.HV T30 motorcycle, core electric vehicle components, a stripped motorcycle fitted with digital twin technology and equipment for testing battery packs, electric motors, power electronics, charging systems, vehicle communications and diagnostics.
Dinesh Arjun, Co-Founder and CEO, Raptee.HV, said, "The next generation of mobility will be built by engineers who understand the machine from the cell to the software. But you cannot build that understanding from a classroom alone. You have to get your hands dirty, take systems apart, question how they work, experiment and build again. The HV Lab is our attempt to bring that experience into engineering education. If even a few students walk out of this lab wanting to build the next great EV technology, we have done our job."
Zuno General Insurance Unveils Fuel Guard Add-On Cover For Cars
- By MT Bureau
- September 09, 2026
Zuno General Insurance has launched Fuel Guard, a car insurance add-on offering financial protection against component damage caused by manufacturer-approved blended fuels.
The policy addition targets private motor vehicles in India as alternative and blended fuel adoption expands across the country. The coverage applies to specified engine and fuel-system parts in cases of accidental or unforeseen damage arising directly from approved blended fuel use.
At present, the insurance cover eligibility is restricted to private cars registered on or after 1 April 2023, provided the vehicle manufacturer has endorsed the specific fuel blend used. Vehicle owners must adhere to the manufacturer's prescribed maintenance schedule without making unauthorised modifications to the engine or fuel system. Fuel Guard can be added to private car package policies, standalone own-damage coverage, bundled options and three-year long-term policies.
Shanai Ghosh, Managing Director and CEO, Zuno General Insurance, said, "At its core, Fuel Guard is built around a simple idea: as the mobility ecosystem evolves, insurance protection needs to evolve with it. At Zuno, we continuously look at how changes in mobility are shaping customer expectations and ownership experiences. Fuel Guard reflects our effort to translate those insights into simple, practical solutions that make protection more relevant in everyday life."
JSW-Volkswagen Sign A Non-Binding MoU
- By MT Bureau
- September 09, 2026
JSW Group and Volkswagen Group have signed a non-binding memorandum of understanding (MoU) for a proposed 51:49 alliance involving JSW Green Mobility Limited and Skoda Auto Volkswagen India Pvt Ltd. No official statement or press release has been issued by either the JSW Group, Skoda/Volkswagen yet regarding the development.
“The signing of the non-binding MoU has actually taken place,” claimed an industry source. Pointing at the news in Economic Times, he said, “The non-binding MoU paves way for further negotiations between the two organisations in terms of valuation and other factors.”
“The non-binding MoU would explore setting up of a strategic joint venture in India that would develop, manufacture and sell passenger vehicles for the domestic as well as international markets,” he added.
Stating that the nature of vehicles would include ICE, electric and hybrid powertrain ones, the source averred, “The non-binding MoU would pave the way for internal approvals, regulatory clearances and other nitty-gritties such as sourcing, manufacturing, technology, localisation, management etc. before a concrete structure is engineered by both the companies and the groups that control them by the end of this year or early next year.
Entering India is 2000, Skoda, the Czech passenger vehicle arm of the Volkswagen Group has been driving activities for Volkswagen and Skoda brand of vehicles in India. While the Chakan (Pune) plant has been under Volkswagen, the Shendre MIDC (Chhatrapati Sambhaji Nagar) plant has been under Skoda. The Volkswagen Group premium luxury vehicles of the Volkswagen, Skoda and Audi brand are assembled at the Shendre MIDC facility. It has been some time that the Volkswagen Group is looking to turn the Indian operations into a regional hub catering to the immediate neighbouring markets among others.
Holding a 35 percent stake in JSW MG Motor India, which involves SAIC Motors and is separate from JSW Green Mobility, the JSW Group has presence across steel, infrastructure, energy, cement, paints and automobiles. While there have been reports indicating plans to increase its holding to 45 percent in JSW MG Motor India, the Group has committed up to USD 3 billion over five years in investment in its automotive arm, which includes the building of a greenfield manufacturing footprint at Chhatrapati Sambhaji Nagar.
The development about the non-binding MoU between JSW Group and Volkswagen Group, the source claimed, has taken place at around the same time the CEO of Skoda Auto, Klaus Zellmer, and the CEO of Volkswagen, Thomas Schäfer, were visiting India.

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