Hero MotoCorp, India’s leading scooter and motorcycle manufacturer has reported a 7 percent decline in sales during the month of April, even as its competitor Honda Motorcycle & Scooter India has reported a 9% increase in sales.
Unseasonal rains during the month of March, leading to poor crop realization has had an adverse effect on sales of Hero MotoCorp in rural areas of Bihar, Madhya Pradesh, Uttar Pradesh and Maharashtra. Sales of the company in April 2015 stood at 5,33,305 units as against 5,71,054 units in April 2014.
However, in the same market scenario, sales of Honda Motorcycles & Scooter India (HMSI) recorded an 8.56% increase in sales during April 2015. In April 2015, the company sold a total of 3,40,791 units as against sales of 3,13,894 units in April 2014. While scooter sales were more positive with increase of 15.95% from 1,70,589 units in April 2014 to 1,97,801 units in April 2015, sales of motorcycles decreased marginally from 1,31,377 units in April 2014 to 1,31,291 units in April 2015. HMSI also reported a decline in exports during the past month. Exports which stood at 11,928 units in April 2014 dipped 1.91% to 11,699 units in April 2015.
Third largest two wheeler manufacturer, TVS Motors posted overall sales of 195,937 units. This is a 14% increase as compared to 171,897 units sold in April 2014. Their two wheeler sales report states, TVS sold 186,041 two wheelers in April 2015, an increase of 13% as against 165,194 units sold in same month last year. Domestic two wheeler sales too grew by 13%, to register 162,516 units. Three wheeler sales increased by 48% to 9,896 units.
Bajaj Auto sold a total of 3,36,274 in April 2015. This is an increase of 1% over same period last year. Their two wheeler sales (including exports) declined 5% to 2,85,791, while exports increased by 7% to 1,61,598 units. Bajaj Auto’s commercial vehicles sales posted a massive 58% growth by registering sales of 50,483 units. This is their highest ever April sales figures for CVs.