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Bike makers steal a march over car cos in Nov

Bike makers steal a march over car cos in Nov

Author | Source: The Economic Times | Friday, Dec 02,2005 8:39 AM

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Bike makers steal a march over car cos in Nov

November has always been flat after the festive spurt in October and this time round the activity is firmly in bike terrain. Car market leader Maruti clocked a 6% growth in its domestic market sales this November selling 43,568 units against 40,948 units for the same month last year. It's only sweet spot - a growth of 22% with nearly 6,278 units of the Swift for which production has now been ramped up to make sure the car is available off the shelf.

Mahindra & Mahindra saw a 7% fall in its utility vehicle sales this month with 8,929 units this November compared to 9,650 units last year for the same month. Scorpio alone registered a decline of about 3% as it sold 1,980 units in November this year as compared to 2,037 units in November last year.

Meanwhile, motorcycle makers continue to ride a high with market leader Hero Honda selling 2,51,186 units this November compared to 2,35,836 units last year, a growth of 6%.

Hero Honda's cumulative growth for the April to November period stood at nearly 15% 19.56 lakh units. Bajaj, on the other hand, sold 1,57,831 motorcycles in November this year as compared to 1,54,137 units same month last year, up by 2%. TVS for its part sold 68,122 units this November, up 5% over 65,066 units last year.

Tags: e4m

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