IT Home reported on October 25 that Counterpoint Research released a global two-wheeler sales tracking report today, with global two-wheeler sales increasing by 4% year-on-year in the first half of 2024. Despite growth in India, Europe, North America, Latin America, and the Middle East and Africa, sales in China and Southeast Asia (SEA) declined. The report said that in the first half of 2024, India's two-wheeler market grew by 22% year-on-year, thanks to increased demand in rural areas, favorable monsoon conditions and the government's rural development plan. India's strong performance has enabled it to surpass China and become the world's largest two-wheeler market. In China, two-wheelers with a displacement of less than 125cc remain popular, but consumers are increasingly choosing electric vehicles instead of motorcycles and scooters for daily commuting. This shift has led to a temporary slowdown in the growth of China's two-wheeler market, especially the electric vehicle market. In terms of brands, IT Home learned from the report that the top ten global two-wheeler manufacturers accounted for more than 75% of sales in the first half of 2024, with Honda maintaining its leading position in the global two-wheeler market, followed by Hero MotoCorp, Yamaha, TVS Motor and Yadi. TVS Motor was the fastest growing brand among the top 10 brands (up 25% year-on-year), while Yadea experienced the biggest decline (down 29% year-on-year), slipping to fifth position.