Two-wheeler companies, except Hero Honda, seem to have begun the year on an lukewarm note. While Bajaj Auto posted a 3 per cent growth in sales, the Chennai-based TVS Motor Company recorded an equally unimpressive 2 per cent increase in its January sales.
However, Hero Honda’s sales grew by 35 per cent over the same period of 2003, selling 1,95,982 motorcycles in January and its retail sales are expected to be more than 2 lakh motorcycles.
Bajaj’s two-wheeler sales stood at 1,06,872 units last month over 1.03,790 units in the same month of the previous year. The company’s motorcycle sales improved by 12.6 per cent at 84,500 units, whereas scooter sales dipped by 22 per cent.
TVS sales in January was only tad better at 98,020 units compared to 96,409 units sold during the same period last year. The total motorcycle sales in January 2004 fell yet again, at 59,844 units compared to 61,223 units in the same period of the previous year.
The scooterette sales grew by 14 per cent clocking 14,771 units in January 2004 compared to 12,947 units corresponding period last year. This growth is attributed to the success of Scooty pep.
Moped sales stood at 23,405 units in January as compared to 22,239 units previously.