Royal Enfield bikes proceed to dominate with greater than 90% market share – CB350 tops in exports

350cc motorbike section registered modest beneficial properties of 8.77% in April with gross sales of 51,827 models. Gross sales in the course of the corresponding interval final yr was at 47,650 models. Bullet and Meteor have destructive YoY development within the month.

MoM gross sales have taken a success, down by -6.50%. Gross sales in March 2022 have been increased at 55,432 models. All bikes have destructive MoM development in April. Exports development is at 89.82%, with a complete of 5,163 models in April. Exports in April final yr have been at 2,720 models. MoM development can also be optimistic at 26.64%, as in comparison with 4,077 models exported in March 2022.

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350cc motorbike gross sales – Basic 350 leads

With 62.85% market share, Basic 350 continues to dominate this area. Gross sales have been at 32,575 models in April, marking beneficial properties of 39.82%. Gross sales within the corresponding interval final yr have been at 23,298 models. Basic MoM development is down marginally by -0.36%, as in comparison with 32,694 models bought in March. Royal Enfield just lately elevated costs of Basic 350 within the vary of Rs 1,846 to Rs 2,846. The bike is now obtainable within the worth vary of Rs 1.90 lakh to Rs 2.20 lakh.

At quantity two is Bullet 350, with gross sales of seven,513 models in April. YoY development is down by -24.17%, as in comparison with 9,908 models bought in April final yr. Market share is at 14.50%. MoM development is down by -9.30%, as in comparison with 8,283 models bought in March. Fanatics can look ahead to the new-gen Bullet that will probably be launched later this yr. It’ll have refreshed styling, new platform and engine and a few new options as effectively.
Subsequent within the checklist is Meteor 350 with gross sales of 4,617 models in April. YoY development is down by -41.14%, as in comparison with 7,844 models bought in April final yr. Market share is at 8.91%. MoM development is down by -29.93%, as in comparison with 6,589 models bought in March. Meteor was just lately up to date with three new color choices of inexperienced, blue and purple. One other replace was worth lower by Rs 5k, owing to Tripper navigation changing into an elective function.

Fourth is Electra 350 with gross sales of three,918 models in April. YoY development is 7.90%, as in comparison with 3,631 models bought in April final yr. Market share is at 7.56%. MoM development is down by -12.15%, as in comparison with 4,460 models bought in March. Honda CB350 is fifth with gross sales of three,204 models in April. YoY development is 7.92%, as in comparison with 2,969 models bought in April final yr. Market share is at 6.18%. MoM development is down by -5.93%, as in comparison with 3,406 models bought in March.

Checkout: Two Wheeler Gross Sales Sep 2022 – Hero, Honda, TVS, Bajaj, Royal Enfield, Suzuki

350cc motorbike exports – CB350 races forward

CB350 has made spectacular beneficial properties of 164.40% in April. Share in export markets is at 43.02%. A complete of two,221 models have been exported in April 2022, as in comparison with 840 models in April final yr. MoM development is 393.56%, as in comparison with 450 models exported in March. Basic 350 is second with exports of 1,797 models in April. YoY development is 148.20%, as in comparison with 724 models exported in April final yr. Market share is at 34.81%. MoM development is down by -30.38%, as in comparison with 2,581 models exported in March.

At quantity three is Meteor with exports of 1,138 models in April. YoY development is marginally down by -0.44%, as in comparison with 1,143 models exported in April final yr. Market share is at 22.04%. MoM development is 8.80%, as in comparison with 1,046 models exported in March. Fourth within the checklist is Bullet with exports of seven models in April. Electra 350 had nil exports within the month.