India is a huge market for two-wheelers owing to easy manoeuvrability, low cost and high efficiency. Over the years, the two wheeler market has grown significantly and spread across urban as well as rural areas pan India. From scooters to bikes to motorcycles to sport bikes, all have grown manifold in the Indian motorcycle market. The top motorbike companies in India include brands like Hero Moto Corp, Honda, TVS Motors & Bajaj Auto. Here is the list of the top 10 bike companies in India 2017 based on Units sold and market share.
Top 10 Bike Companies in India 2017 are :
1st Place: Hero Moto Corp
2nd Place: Honda
3rd Place: Bajaj
4th Place: TVS
5th Place: Yamaha
6th Place: Royal Enfield
7th Place: Suzuki
8th Place: Mahindra Two Wheelers
9th Place: KTM
10th Place: Piaggio
For More details about rankings and parameters, read on.
Piaggio Vehicles Private Limited (India - PVPL) is a 100 percent subsidiary of Piaggio and C.s.p.a. of Italy.
Image: company website
An Italian company, which since 1999 has been working in India, brought three motorcycle brands from its overall product ranges, as industry pros review, not more than six years back. For more than 10 years now, Piaggio has tirelessly made a reputation for giving revamp answers for complex transportation needs - opening up vistas of possibility and a noteworthy occupation for millions the country over.
it is understood that the Piaggio Group, in like manner Europe's greatest maker of two wheelers, makes bikes, mopeds and cruisers with engine capacity ranging from 50cc to 1400cc promoted under the Piaggio ,Gilera, Vespa, Aprilia, Moto Guzzi, Derbi and Scarabeo brands.
The pioneer of 3-wheeler items transportation in India, it is today the no.
1 in its class. The Group in like manner works in the four-wheeler light transport space under the Ape, Porter and Quargo extent of business vehicles. On November 3, 2015, the association opened its first pioneer retail store in Pune called as the Motoplex, wherein it has brought the three existing two wheeler marks in India – Vespa, Aprilia and Moto Guzzi –under one housetop. Piaggio, maker of Vespa scooters, in February 2016 forayed into India's high priced scooter showcase by revealing sport bike Aprilia SR 150 which will be pushed in August this year and is a blend of motorbikes and scooter and have a 150 cc engine.
Units Sold: 31245
Market Share: 0.15%
KTM-Sportmotorcycle AG is an Austrian bike and sports auto producer with joint-ownership of CROSS Industries AG and Bajaj Auto Limited.
Image: company website
KTM was establshed in 1981 however its establishment can be date back to 1934, and has since then become a leader in the two wheeler segment. In 1992 the organization was spun off from its parent organization KTM when there was financial crisis in the company. KTM was divided into four organizations, all of which had the same "KTM" marking, and at present have numerous more backups with a similar marking. Nonetheless, KTM-Sport motorcycle is most usually connected with the KTM mark, since regardless it proceeds with the leader business of its parent organization
KTM is known for its four-stroke and two-stroke rough terrain motorbike however lately it has ventured into road bike generation and creating sports four wheeler - One of the rarer sorts of KTM sport vehicles known as the X-Bow with a maximum top speed of 217 km/h (134.9 mph).
KTM started in motorsports contending in motocross dashing. KTM won its first title in 1974 when Guennady Moisseev asserted the 250cc Motocross World Championship. The maker has won the Dakar Rally 16 back to back circumstances from 2001 to 2017, and has won the FIM Cross-Country Rallies World Championship 15 times, most as of late in 2015.
KTM's official company/team colours are orange, black and silver.for creating a strong brnad image in competitions all KTM bikes come from the company with bright orange plastic emblazoned with KTM on the side of the shrouds of radiator. Also, all bikes of KTM come with a Motorex sticker on motor’s side from the factory. Motorex also supplies the fills for oil . different colour bikes are also used by some official KTM teams and that happens mainly in the Dakar Rally.
Units Sold: 36000
Market Share: 0.17%
8. Mahindra Two wheelers
MTWL is a part of group exclusively controlled by Mahindra and Mahindra Limited (M&M), which manufactures motorbikes and scooters.
Image: company website
MTWL was set up in 2008, when Mahindra and Mahindra Limited got the business assets of Kinetic Motor Company Limited. MTWL has teamed up with Taiwan's SYM to develop its motorcycle portfolio, and with Italy-based Engines Engineering for examination and thing arrangement. The association has production plant at Pithampur which is neary to Indore in M P. MTWL has a Research and Development unit Located at Chinchwad in Pune, furnished with focal design and progress work environments suitable from renderings to display make and testing. It has contributed ₹100 crores (US$15 million) to make it useful.
The association has a 200 in number vender framework spread the nation over with more than 300 shippers making 700 purposes of offer. Its wide thing portfolio involves shocking offerings like the Gusto 125. In 2010 The Mahindra Duro was additionally got the Scooter of the Year award at the yearly NDTV Bike and cars Awards . Their lead motorcycle, the Mahindra Centuro has got 11 customer and industry accolades while Gusto, has gotten 5 acknowledgments in the 'Bike of the Year' and 'Development of the Year' classes.
MTWL has gotten a 51% stake in Peugeot Motorcycles, some portion of the Euro 54 billion Peugeot S.A. (PSA) Group arranged in France. PMTC, a key player in urban movability in Europe all through the past 116 years, is the most established automated bicycle maker and offers a champion among the most.
Units Sold: 71090
Market Share: 0.34%
7. Suzuki India
Suzuki Motorcycle India Pvt Ltd (SMIPL) is a subsidiary of Suzuki Motor Corporation, Japan wherein they are having a similar methods of assembling significant worth stuffed items right from the starting point.
SMIPL makes bicycles mostly fitting for the noteworthy Indian customers covering all segments. They have put up their manufacturing plant in Gurgaon (Haryana) with the yearly production reaching to 5,40,000 units. Whole area of the production plant at Gurgaon is 37 segments of land, out of which the present plant is built in a zone of 10 areas of place where there is region. The rest of the region is left for range progression and future expansion. Its offerings are not only Scooters or motocycles but it also offers different items in the Super Bikes and ATV parts. The bike segment has surely popular names like Hayate, Gixxer and Sligshot, while in the Scooters it gave options like Access 125 and LETS. The very acclaimed Hayabusa is likewise an offering out of the stockpile of Suzuki Motorcycle India Pvt. Ltd.
One of its most recent offerings, The Suzuki Gixxer (displayed in the Auto Expo 2016), recieved the J.D. Control respects for the Best Upper Executive Motorcycle in both the Quality and Appeal category. The Suzuki Hayabusa also won the India Superbike Award for Hyper brandish bike of the year. Known for its high-mileage guarantee the Suzuki Motorcycles in like manner join in the Moto GP henceforth giving an impression of the Global compass of the association.
Units Sold: 350000
Market Share: 1.71%
6. Royal Enfield
It is a Indian bike manufacturing company and is the oldest motorcycle company whose establishment dates back to 1893.
Image: company website
Earlier it was British motor company but now it’s a subsidiary of Eicher Motors Limited which is an Indian auto maker company. In 1990, Royal Enfield teamed up with the Eicher Group, a car organization in India, and converged with it in 1994. Apart from motorcycles, Eicher Group is also in the generation and offers of tractors, business vehicles, and car gears. Albeit Royal Enfield experienced troubles in the 1990s, and stopped bike generation at their Jaipur manufacturing plant in 2002 by 2013 the organization opened another essential industrial facility in the Chennai suburb of Oragadam on the quality of expanded interest for its cruisers. The first industrial facility at Tiruvottiyur ended up noticeably auxiliary, and keeps on delivering motors and some bike models. In 2014 Royal Enfield designated Pierre Terblanche as the head of new item outline.
Royal Enfield presently has sales in more than 50 countries and has also surpassed Harley Davidson worldwide in 2015. The sales in Year 2016 was 666490.
in the recent couple of years, Royal Enfield has made critical walks in the worldwide market. From North America to Europe in the West and Japan to Australia in the East today Royal Enfield has a pride of place over the globe. Today Royal Enfield commits itself to the reason for leisure and adventure motorcycling far and wide with applicable items and administration.
Units Sold: 666490
Market Share: 3.26%
Yamaha entered in Indian market as a joint venture in 1985 but in year 2001 it became a 100% subsidiary of Yamaha Motor co. Ltd of Japan.
Image: company website
Mitsui & co in 2008 made an agreement with Yamaha Motor Co to form a joint investor in India Yamaha Motor Private Limited. The manufacturing plant of Yamaha Motors are located in Faridabad (Haryana), Kanchipuram (Tamil Nadu) and Surajpur(UP) and are state of art facilities. These plants are for production of two wheelers and spare parts for Indian market and overseas markets. The other companies under Yamaha Motor Co Ltd in India are Yamaha Motors India sale Ltd and Yamaha Motors Research and Development India Ltd.
The vision of Yamaha is to become a distinguished and reliable brand of customers by giving them a good experience every time with top quality product made by keeping customer as top priority. It has a variety of offering for its buyers with sport models, for instance, YZF-R3 (321 cc), R15 variation 2.0 (149cc), Blue-Core Technology engaged models, Fazer, Saluto, Fascino, Cygnus and a lot more. it also has offerings models which are made outside India including the MT-09 (847cc), VMAX (1679cc) among other prominent variations.
As a corporate substance, the Company perceives that its business exercises have wide effect on the social orders in which it works, and subsequently a compelling practice is required giving due thought to the interests of its partners including shareholders, clients, representatives, providers, business accomplices, neighbourhood groups and different associations. The Company attempt to make CSR a key business handle for practical improvement. The Company is dependable to constantly upgrade shareholder’s riches and it is additionally dedicated to its different partners to lead its business in a responsible way that makes a managed positive effect on society. The Company is conferred towards lining up with nature; and has embraced eco-accommodating practices.
Units Sold: 786000
Market Share: 3.85%
4. TVS Motors
TVS motor is the third largest two wheeler making company of India with a capacity of producing 1.2 million three wheelers and 3.2 million two wheelers.
Image: company website
In the financial year of 2016 TVS made a revenue of 13363 crores. TVS as a group has 90 companies under it which spans across industries like Automobile, Aviation, Electronics, Automobile, Energy, Education, Finance, Housing, Investment, Logistics, Insurance, Service and Textiles. Among these TVS motors in automobile sector is the biggest. The mission of the company is to be socially responsible, highly profitable and leading producer of a transportation product which is value of money, environmental friendly personal for he customers who are mainly from Asian market and to work for the wellbeing of employee, dealers and suppliers.
TVS Motor's quality lies in plan and advancement of new items. TVS satisfies customers by envisioning the customer requirement and putting forth quality vehicles at the opportune time and at the correct cost. The client and his perpetually changing need is our constant source of motivation. TVS have demonstrated over and over that this feeling of responsiveness alongside an affinity for quality is a triumphant recipe. The organization has been first in many cases including the launching of seven vehicles on the same day - an uncommon accomplishment in Automotive history.
The company has four manufacturing plants out of which three are located in Tamil Nadu and one at Karawang in Indonesia. Till date 28 million customers own a TVS bike which has only been possible because of TVS innovation and reliable service and product.
Units Sold: 2927280
Market Share: 14.35%
3. Bajaj Auto
The Bajaj Group is among the main 10 business houses in India and a leading two wheeler brand.
Image: company website
Its impression extends over an extensive variety of enterprises, crossing vehicles (bikes maker and three wheelers producer), home machines, lighting, iron and steel, protection, travel and fund. The group’s well known company, Bajaj Auto, is positioned as the world's fourth biggest three and bike producer and the Bajaj brand is notable over a few nations in Latin America, Africa, Middle East, South and South East Asia. Established in 1926, at the peak of India's movement for freedom from the British, the group has a distinguished history. The uprightness, commitment, cleverness and assurance to succeed which are normal for the group today, can be traced back to its introduction to the world amid those days of tireless dedication to a common cause.
The present Chairman of the group, Rahul Bajaj, assumed responsibility of the business in 1965. Under his guidance the turnover of the Bajaj Auto the leader organization has gone up from INR.72 million to INR. 120 billion, its item portfolio has extended and the brand has found a worldwide market. He is one of India's most recognized business pioneers, bike producer India and universally regarded for his business discernment and entrepreneurial soul.
Bajaj Auto's has three plants, two are at chakan and waluj in Maharashtra and third plant is at Pant Nagar in Uttranchal which is in western India. It’s market capitalisation on May 2015 was 640 billion rupee which makes it 23rd biggest traded company in open market. Also The Forbes Global 2000 listing of 2012 positioned it at 1416.
Units Sold: 3750781
Market Share: 18.38%
2. Honda Two Wheelers
Honda is the world's biggest producer of bikes, known in the world over as Honda two wheelers.
Image: company website
It entered in Indian market as HMSI, a 100% auxiliary of Honda Motor Company Ltd, Japan, in 1999. Since its foundation in 1999 at Manesar a district in Gurgaon, Haryana, Honda has satisfied its esteem of offering the most noteworthy quality and value of money product. In spite of being one of the most newer players in the Indian bikes market, Honda has turned into the biggest bike producer and additionally the second biggest bikes organization in India.
Honda is additionally the quickest developing organization in nation today. With a large group of offices under its name, the principal production line of HMSI is spread more than 52 sections of land including a secured territory of around 100,000 sq. meters in Manesar, District Gurgaon, Haryana with a yearly limit of 1.65 million units. To meet the perpetually expanding requests of the items, Honda has begun operations of its second manufacturing plant in Tapukara which is in District Alwar of Rajasthan. Growing to full operations, Honda producing capacity is increasing by 30 % every year and have reached to 2.8 million for every annum in FY 12-13.
Honda's third plant at Narsapura Industrial Area close Bengaluru, Karnataka can to fabricate 1.2 million units. Using generation advances refined at Manesar and Tapukara plants as beginning stage, the third plant is utilized with cutting edge assembling, robotization and condition cordial advances to convey quality items. Honda motorcycle & scooter India has sold exactly 5008103 unit in FY 2016-17 with a growth rate of 12% and it’s the first time that a 100% two wheeler subsidiary of Honda has achieved this.
Units Sold: 5008103
Market Share: 24.55%
1. Hero Motocorp
Hero MotoCorp Ltd. which was previously Hero Honda Motors Ltd. is the largest manufacturer of two – wheelers in world, based in India.
Image: company website
The company in 2001 achieved the position of biggest producer of two wheelers in India and also the number one position in world among two wheeler companies in term of the number of bikes sold in a financial year. Since then it has continued to be on number 1 position and leading brand. Hero Honda began with a normal vision - the vision was of making India mobile and empowering it by its two wheelers. Hero MotoCorp Ltd. in its new form separated from Honda shows that it is committed to provide world class traveling solution with redefined focus on extending the footprint of company across globe.
Hero Motocorp has four manufacturing facilities in India which are globally benchmarked in terms of facilities and standards. Gurgaon and Dharuhera are two locations in northern India where the manufacturing facilities are. The third assembling plant is based at Haridwar, in the hill state, Uttrakhand; the most recent expansion is the cutting edge Hero Garden Factory in Neemrana, Rajasthan.
The growth of the company in market of two wheelers in India is result of its ability to expand in new geographies and new growth markets. The extensive sales and service network of Hero Motocorp spans over to 6000 customers contact points which includes blend of approved dealerships, benefit and extra parts outlets, and merchant designated outlets the nation over.
Units Sold: 6762980
Market Share: 33.15%
1. The leading two wheeler and motorcycle brands in India are considered
2. Important parameters like units sold and market share are taken for these companies
3. Based on these, the ranks of the top bike companies are calculated
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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