Suzuki Motorcycle India Overtakes Hero MotoCorp To Become Third-Largest Scooter Maker
Honda Motorcycle & Scooter India continued to lead the segment followed TVS Motor Company Ltd.
Suzuki Motorcycle India Pvt. Ltd. has overtaken Hero MotoCorp Ltd. to be the third largest scooter maker by sales in the first half of the current fiscal, according to data released by the Society of Indian Automobile Manufacturers .
Honda Motorcycle & Scooter India continues to be the undisputed leader in the segment followed distantly by Chennai-based TVS Motor Company Ltd.
In April-September this fiscal, SMIPL sold a total of 3,41,928 units of scooters compared to Hero MotoCorp's 2,49,365 units, as per the auto industry body.
During the comparable period a year ago, SMIPL had sold 2,91,847 units as compared to Hero MotoCorp's 3,91,019 units.
In terms of growth, SMIPL saw its scooter sales grow by 17.16 percent in April-September this fiscal—the only scooter maker among top the top five manufacturers to post positive numbers.
Hero MotoCorp, on the other hand, witnessed a decline of 36.23 percent in the same period.
The total scooter market had declined by 16.94 percent to 31,17,433 units in the first half of the ongoing fiscal as compared to 37,53,064 units a year ago, as per SIAM.
As for market leader HMSI, scooter sales stood at 17,32,579 units as compared to 21,82,860 units in the same period last fiscal, down 20.62 percent.
Second-placed TVS Motor sold 5,98,617 units in the April-September period as against 6,44,981 units, a decline of 7.19 percent.
India Yamaha Motor continued to be in the fifth spot with a sales of 1,57,483 units as compared to 1,98,385 units in the corresponding period last fiscal, a decline of 20.61 percent, according to the SIAM data.