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Two-wheeler sales zoom in first Quarter

Two-wheeler sales zoom in first Quarter

Author | exchange4media News Service | Monday, Jul 19,2004 8:05 AM

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Two-wheeler sales zoom in first Quarter

Increasing motorcycle sales and resurgent scooter and moped markets, rode two-wheeler sales up by 10.4 per cent during the first quarter this fiscal.

A total of 13.6 lakh units were sold during April-June over 12.3 units sold during the year ago period, data compiled by the Society of Indian Automobile Manufacturers (SIAM) showed.

Motorcycle and step-thru sales, which constituted 78.5 per cent of the total two-wheeler sales in India, the second- biggest market after China, rose 10.2 per cent at 1.07 lakh units.

Making a strong comeback, scooter and scooterettee sales rode northward by posting a rise of 11.8 per cent at 2.18 lakh units while moped sales clocked a jump of 8.61 per cent at 74,980 units.

After blockbuster sales during the most part of 2001-02, two-wheeler sales decelerated since the fourth quarter of 2002-03 largely because of poor demand from rural areas after a drought and imbroglio over the implementation of the value added tax (VAT) regime.

Demand, however, started picking up from the second quarter of 2003-04, which was sped up after bountilful rains raised harvest prospects and improved sentiments.

With resurgence of the scooter market, sales could go in top gear if farm production picks up on the back of good monsoon which leads to a surge in rural demand for two-wheelers.

In the motorcycle and step-through segment, market leader Hero Honda posted a robust 31.5 per cent growth at 5.96 lakh units.

Hero Honda’s nearest rival Bajaj auto posted a rise of 8.38 per cent at 2.51 lakh units during the first three months this fiscal.

Sales of the third-biggest motorcycle maker TVS Motor Co., however, dived 26 per cent at 1.29 lakh units while Yamaha Motor India registered a rise of 45.3 per cent at 60,826 lakh units.

Sales of Kanpur-based lml skidded 66.1 per cent rise at 18,743 lakh units while Pune-based Kinetic Engineering sold 26.7 per cent more motorcycles at 10,257 units.

Sales of high-powered motorcycle maker Royal Enfield grew 6.93 per cent at 5,804 units.

Sales of majestic auto slumped 45 per cent to 2,097 units.

In the scooter and scooterettee category, sales of Honda Motorcycle Scooter India jumped 57.2 per cent at 99,537 units but that of Bajaj Auto plummeted 33.6 per cent at 35,076 units.

TVS Motor registered a rise of 37 per cent at 52,822 units while Kinetic engineering posted a dip of 20.7 per cent at 7,904 units.

Pune-based automatic scooter maker Kinetic Motor Co. Posted a decline of 16.8 per cent to 16,567 units.

Sales of lml and majestic auto slipped 31 and 78.8 per cent to 6,683 and 305 units respectively.

Sales of all the three moped makers — TVS, Majestic Auto and Kinetic Engineering — grew 8.03, 1.06 and 27.4 per cent at 59,488, 8,842 and 6,650 units respectively.

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