Honda Motorcycle & Scooter India Pvt. Ltd. witnessed an increase in its presence in the Indian two-wheeler market between April and October, according to a report from CLSA. The company's market share rose about 350 basis points during the first seven months of the fiscal 2024-25, reaching 20%, the research firm said.
The growth was attributed to the recovery of the Shine 100 model, which has regained its supply chain following earlier disruptions, CLSA said in a note, adding that the Shine 100 has witnessed strong sales in northern states such as Bihar and Uttar Pradesh, which contributed to HMSI's market share in the entry-level motorcycle segment.
Overall, the motorcycle market rose to 13% year-on-year during the April-October period.
Meanwhile, Hero MotoCorp Ltd. continues to hold a significant share in the entry-level market, the note said. In the 250cc+ category, Bajaj Auto Ltd. and Hero MotoCorp have gained market share after new launches, a move that reduced Royal Enfield's market share, it said, adding that Royal Enfield's market share dropped by 400 basis points from the year-ago period.
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