Suzuki Motorcycle India Pvt Ltd (SMIPL) has overpowered Hero MotoCorp to be the third-largest scooter maker by sales in the first half of the current market. This has been revealed in the form of the latest news in the automobile industry, SIAM.
Honda Motorcycle & Scooter India (HMSI) serves the pathway to become an undisputed leader in the industry followed distantly by Chennai-based TVS Motor Company.
Image Credit: https://www.suzukimotorcycle.co.in/
In the fiscal from April – September, SMIPL sold over 3,41,928 units of the model of scooters in comparison to Hero MotoCorp. Hero MotoCorp has sold nearly 2,49,365 units. This has been revealed by the Society of Indian Automobile Manufacturers or SIAM data.
In the sphere of comparable segments even a year ago, SMIPL has sold out 2,91,847 units of models in comparison to Hero MotoCorp’s 3,91,019. In the aspects of growth, SMIPL tends to have the growth in scooter sales by 17.16 percent in April-September of 2019. It is the only scooter maker that tends to be among the top five manufacturers to fetch the position of positive numbers.
On the other hand, Hero MotoCorp has faced a decline of 36.23 percent during the same period. The total marketing sector for scooter tends to face a decline by 16.94 percent to 31,17,433 units in the course of the first half. This has been possible on the ongoing fiscal in comparison to the 37,53,064 units a year ago. This information has also been revealed by SIAM.
In terms of the market leader of HMSI, scooter sales rose to 17,32,579 units in comparison to 21,82,860 units during the same segment of the last fiscal. It faced a downfall of 20.62 percent. In the second-placed TVS Motor selling 5,98,617 units in the April-September period against 6,44,981 units, declining nearly about 7.19 percent.
India Yamaha Motor has been stagnant to be in the 5th position with a sales of 1,57,483 units in comparison to 1,98,385 units the corresponding period last fiscal, a decline of 20.61 per cent, according to the SIAM data.
Utsha Roy is an aspiring writer who has been gaining knowledge on various genres. Delving into the different cars and gadget news, she has also engaged herself into showcasing latest vehicles and gadgets news and reviews over Autonmobiles.com
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