Honda surpasses Hero MotoCorp to top spot in two-wheeler sales
Rural states, such as Uttar Pradesh (UP), Bihar, and Jharkhand, have fallen higher in September on a MoM basis
Hero MotoCorp (HMCL) lost its top position in the monthly domestic two-wheeler retail sales to Honda Motorcycle and Scooter India (HMSI) in September for the first time in more than two years.
The Vahan portal which records vehicle registration data across India showed on Sunday evening that HMCL and HMSI sold 251,939 units and 285,400 units, respectively, in September this year.
Assuming September sales data will be its lowest in 2022-23, it is estimated that HMCL’s domestic market share during the financial year would stand at about 28 per cent, stated Elara Capital.
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