Hero MotoCorp, TVS gain mkt share in Aug at cost of Honda and Bajaj

Hero MotoCorp, TVS Motor increase market share in a dwindling market while Bajaj and Honda slip

Among the top four players in the two-wheeler space, Hero MotoCorp and TVS Motor gained market share in August at the expense of Honda Motorcycle and Scooter India, and Bajaj Auto.

However, this shift occurred at a time when the two-wheeler segment as a whole contracted 28.7 per cent in August, with sales at 898,775 units, down from 1,260,722 units the previous year. 

Though, sequentially, the drop was only 11.5 per cent.

According to the Federation of Automobile Dealers Associations (FADA), Hero’s sales dropped to 328,068 units, from 428,227 units a year ago, but the company’s market share rose to 36.50 per cent,