On the sales charts for 500cc+ motorcycles, Royal Enfield holds a complete monopoly. The hegemony lasts into February 2023. Even now, market share exceeds 80%. However sales of RE have dramatically decreased. As comparison to the 2,469 units sold a year ago, RE 650 sales more than halved last month to just 1,170 units, a 52.61% YoY reduction.
Royal Enfield dominates the market for 500cc+ motorcycles
Volume loss was 1,299 units YoY, but that should change by next month thanks to an update that gave these motorcycles more current equipment. The Kawasaki Z900 comes in at number two on this list with 57 sold.
Its smooth in-line four motor makes it the most cheap motorcycle in India, and sales of the Z900 increased by 103.57% year over year.
With 34 units sold last month, Suzuki Hayabusa, a living icon, is in third place. Hayabusa witnessed 183.33% YoY growth with 22 more units sold compared to 12 sold a year earlier. The Triumph Trident 660 is the company’s entry-level model into its legendary in-line triple layout. It increased 58.82% year over year and sold 27 units. The Kawasaki ZX-10R, which has 16 units and a 700% YoY growth, is the most cheap 200 horsepower liter-class motorbike in India and is in fifth place.
The sales of the Triumph Tiger 900 and Kawasaki Ninja 650 fell by 53.33% and 35% year over year while 14 and 13 units, respectively, were sold. With 12 and 11 units sold under their names in February 2023, the Triumph Speed Twin and Tiger 660 were in eighth and ninth place, respectively.
Single-digit Sales for 500cc+ Bikes in February 2023
Big bikes, which are popular in India’s price-sensitive market, offer tremendous value in a variety of ways, as indicated above. Or else, because they don’t have a special proposition or value, the Indian market turns bullish on them. Eight units each were sold by the Kawasaki W800, Z 650, Ninja 1000 SX, Suzuki V-Strom 650, and Triumph Rocket IV.
The Rocket III earns 33.33% YoY increase and has the largest engine of any production motorbike.
Kawasaki’s W800 and Z650 both experienced YoY growth of 700% and 300%, respectively. Just the Harley-Davidson Fat Boy 114 sold 7 units last month and had a 30% YoY drop. Triumph Speed Twin and Kawasaki Versys 650 each sold 6 units. Versys sales decreased by 40% year over year while Speed Twin balanced its charts. Triumph Tiger 1200 and Kawasaki Vulcan S both sold 4 units, with Vulcan recording a 33.33% YoY gain. Each of the Street Glide, Harley-Davidson Fat Bob, and Kawasaki Versys 1000 sold three units.
Triumph Bonneville Bobber, Bonneville T120, and Kawasaki Z 650 RS each sold two units, with the latter being the only one to show positive growth by even a single unit. Each of the following models sold one: Suzuki Katana, Triumph Bonneville Speedmaster, Harley-Davidson Pan America, Nightster, Roadking, and Honda Goldwing.
Regrettably, some large bikes manage to not even sell one unit in India for a whole month, merely slipping between the gaps. These motorcycles were the Bonneville T100, Harley-Davidson Sportster S, Honda CBR 650R, Triumph Street Triple, Street Twin, Street Scrambler, Iron 883, and Forty Eight for February 2023. 1,442 motorcycles with engines larger than 500cc were sold last month, according to the sales statistics.
This market category sold 2,745 units in February 2022 as compared to 1,303 units less in volume year over year while seeing a 47.47% YoY decline in sales.