Bajaj falls behind TVS Motors in domestic sales
Where the two wheeler market in India is concerned, Hero MoroCorp and Honda Motorcycle & Scooter India continue to be in the lead. However, while Bajaj Auto occupied a third spot, its position has now been usurped by TVS Motors, as far as domestic sales is concerned.
Society of India Automobile Manufacturers (SIAM) has disclosed data that indicates sales of TVS Motors being more than that of Bajaj Auto for the quarter April to June 2014. This is for the first time that TVS Motors leads over Bajaj Auto and follows the launch of TVS Motor’s new Jupiter scooter that has seen excellent sales. Sales of over one lakh scooters in the first quarter of this financial year are what have allowed TVS Motors to gain an edge over Bajaj Auto.
TVS Motors total sales during first quarter of this financial year increased 23%. Total sales stood at 584,440 units as against 475,362 units recorded in the corresponding quarter of previous year. Exports of the company also increased from 26,047 units in June 2013 to 32,290 units in June 2014 while talking exclusively of two wheeler exports, an increase of 26% were reported, increasing from 20,020 units in June 2013 to 25,237 units in June 2014.
Two wheeler total sales increased 23% from 157,351 units recorded in June 2013 to 193,758 units in June 2014, with scooter sales increased 46% and motorcycle sales increasing 27%. Three wheeler sales increased 24% from 6,777 units in June 2013 to 8,419 units in June 2014.
via Economic Times