Economy

Bike sales cross 2-million mark in Sept

Our Bureau New Delhi | Updated on January 08, 2018 Published on October 03, 2017

Festival season brings more footfalls at showrooms

Riding on robust demand during the festival season, the two-wheeler industry has achieved more than the two-million-mark during September, with companies such as Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) registering record sales.

All companies together sold 21.71 lakh units in September, up 11 per cent compared with 19.64 lakh units in September 2016.

To start with, the country’s largest two-wheeler manufacturer Hero MotoCorp registered its highest-ever sales for any month, despatching more than 7.20 lakh units in September, up seven per cent compared with around 6.75 lakh units in September 2016.

“With close to three weeks still remaining in the festival season, we have set an all-time record by selling over a million motorcycles and scooters in domestic retail sales in the festival period so far, further consolidating our market leadership,” said Ashok Bhasin, Head of Sales, Marketing and Customer Care.

The company also recently surpassed record 75 million two-wheelers in cumulative sales since its inception.

Similarly, second largest company HMSI said that it has clocked one million sales so far.

The company has sold around 6.002 lakh two-wheelers compared to around 5.69 lakh units sold last September.

Domestic sales stood at around 5.70 lakh units during the month against 5.39 lakh units in September 2016.

“As a trend, we are seeing huge spike in our customer walk-ins and overall retails in every festival, be it Ganesh Chaturthi, Onam or the most recent 50 per cent jump in Navratri. On Dussehra alone, Honda’s retails crossed the one-lakh-mark for the first-time ever,” said Yadvinder Singh Guleria, Senior Vice-President, Sales & Marketing, HMSI.

“We are confident that the stage is set for a bumper festival ahead,” he added.

Tamil Nadu-based TVS Motor Company registered growth of 22 per cent with sales increasing from 2.87 lakh units in September 2016 to around 3.51 lakh units last month.

Domestic two-wheeler sales grew by 21 per cent to 3.07 lakh units in September against 2.54 lakh units in September 2016, the company said.

Companies such as Bajaj Auto, Royal Enfield and Suzuki Motorcycle India also reported healthy growth during the month.

Published on October 03, 2017
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