TVS Motor Company has reported 29 pct revenue growth for Q3 2014 at Rs 2653 crore over Rs 2058 crore in Q3 2013. TVS Motor Company total two-wheeler sales growth was reported at 22 pct in Q4 2014 at 6.27 lakh units up from 5.12 lakh units in Q4 2013. Motorcycle sales growth was reported at 20 pct at 2.48 lakh units, up from 2.07 lakh units in Q4 2013. Scooter sales growth was at 51 pct at 1.86 lakh units over 1.23 lakh units sold in Q4 2013. Three wheeler sales growth stood at 36 pct at 28128 units old over 20701 units sold in Q4 2013.
Indian two wheeler industry sales momentum and road safety initiatives.
Exports growth is reported at 37 pct at 1.07 lakh units shipped over up from 78,000 units in Q4 2013. Profit before tax (PBT) growth is at 33 pct at Rs 123.68 crore, up from Rs 93.16 crore in Q4 2013. Profit after tax (PAT) stood at Rs 90.18 crore, up from Rs 68.80 crore in Q4 2013, equating to 31 pct growth. Board of Directors declared interim dividend of Re. 0.75 per share on the share capital of Rs. 47.51 crores.
Indian two-wheeler industry player, TVS Motor Company undertook planned production cuts due to annual maintenance and Pongal holidays in its major plants during January 2015. Total sales stood at 188,598 units, up from 186,313 units in January 2014, equating to 1.2 pct growth. Exports stood at 25,029 units, down from 28,875 units in January 2014, equating to 13.31 pct decline. Two wheeler exports stood at 19,232 units, down from 23,438 units in January 2014, equating to 17.94 pct sales decline.
Total two wheeler sales stood at 181,516 units in January 2015, up from 179,576 units in January 2014, equating to 1.08 pct sales increase. TVS’ Indian two-wheeler industry sales grew by 4% at 162,284 units in January 2015, up from 156,138 units in January 2014. Scooters sales growth is reported at 24 pct at 56,032 units, up from 45,198 units sold in January 2014. Motorcycles sales growth stood at 7 pct at 69,949 units in January 2015, over 65,449 units in January 2014. Three wheeler sales growth is reported at 5 pct at 7,082 units, up from 6,737 units in January 2014.
Yamaha Motor India Sales Pvt. Ltd. registered 21 pct domestic sales growth with 39,309 units in 2015, up from 32,534 units in Jan 2014. Yamaha also celebrated ‘Yamaha Children safety campaign’ and mascot Zippy’s first anniversary this January. Roy Kurian, Vice President – Sales and Marketing, Yamaha Motor India says growth reinforces Yamaha’s belief in its business and strategic Outlook. He has an extremely positive outlook for 2015 backed by new Indian two-wheeler industry launches and innovative customers connect programmes to garner major sale in the coming months. Yamaha looks to improve upon last 2014 achievements in 2015 too.
Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) recorded growth at almost 5 times that of the Indian two-wheeler industry, in January 2015. Sales was reported at 393,787 units, up from 3,44,750 units sold in January 2014. Honda overall sales (domestic + export) grew at 14 pct in January on a YoY basis. Honda domestic market share stood at 28 ct after January 2015, having grown at 23 pct through April 2014 – January 2015 at almost double the pace of Indian two-wheeler industry.
Honda tied-up with Shriram Automall India Limited (SAMIL for pre-owned two-wheeler industry). SAMIL will cater to HMSI pre-owned 2-wheeler segment. Honda road safety awareness drive saw 2023 Delhi women riders felicitated for two-wheeler riding at Baba Kharak Singh Marg traffic training parks. Honda inaugurated its 7th national traffic training park in Chandigarh, Sector 23. Department of Commerce & Transport, Govt. Of Odisha recognised Honda for its contribution towards Road safety and traffic training in the Indian two-wheeler industry.
Mahindra Two Wheelers Ltd. (MTWL) sold 13,022 units in January 2015 down from 24990 units sold in Jan 2014, equating to 47.89 pct sales decline. Domestic sales volume stood at 12,217 units, down from 24703 units in Jan 2014 equating to 50.54 pct sales decline. Exports stood at 805 units up from 287 units equating to 180 pct growth. Last month, Mahindra Gusto was made avialble to a larger Indian two-wheeler industry audience as the scooter was launched in Assam, West Bengal, Hyderabad, Chennai, Kerala, and Karnataka.
Bajaj reports 2,46,955 motorcycles sold in January 2015, down from 2,81,390 units sold in Jan 2014, equating to 12 pct sales decline. Bajaj commercial vehicle sales stood at 41,791 units, up from 36,781 units sold in Jan 2014, equating to 14 sales growth. Total sales is reported at 2,88,746, down from 3,18,171 in Jan 2014, equating to 9 pct sales decline. Exports out of the above stood at 1,42,992 units, up from 1,37,644 units in Jan 2014, equating to 4 pct sales growth. Bajaj reports highest ever exports for any January in 2015.
Bajaj reports 28,66,070 motorcycles sold in Apr-Jan 2015, down from 28,78,502 in Apr-Jan 2014 equating to marginal sales decline of .43 pct. Bajaj reports 4,51,208 commercial vehicles sold in Apr-Jan 2015, up from 3,73,964 units sold in Apr-Jan 2014 equating to 21 pct sales growth. Total sales is reported at 33,17,278 for Apr-Jan 201, up from 32,52,466 sold in pr-Jan 2014, equating to 2 pct sales growth. Exports out of the above for the last ten months stood at 15,94,466, up from 13,23,743 in the corresponding 10 months in last financial year, equating to 20 pct sales growth.
Suzuki Motorcycle India reports 20 pct overall sales increase in January with 33,405 units sold, up from 27,825 units sold in January 2014. Atul Gupta, Executive VP, SMIPL says Suzuki’s efforts to promote Gixxer and Let’s have met with positivity. Customer satisfaction and word-of-mouth publicity have worked to Suzuki’s advantage in the Indian two-wheeler industry.
In January 2015, Hero MotoCorp Ltd (HMCL) once again reported sales upward of over five-and-half-lakh units. HMCL sold 5,58,982 two-wheelers despite being impacted by a two-day long transporters strike. Hero MotoCorp sold 5,61,253 units in January 2014, equating to marginal sales decrease of .40 pct. Indian two-wheeler industry bigwig, Hero MotoCorp ended 2014 with sales of 66,45,787 units. Exports in 2014 stood at over two lakh unit sales , almost 50 pct more than 135,184 units sold in 2013.
Royal Enfield begins 2015 on a strong sales drive with 28927 units sold in combined domestic wholesale and exports in January 2015, up from 20232 units sold in Jan 2014, equating to 43 pct sales growth. Exports stood at 770 units, up from 424 units sold in Jan 2014 equating to 82 pct sales growth. RE’s Indian two-wheeler industry sales are reported at 28157 units, up from 19808 units sold in the domestic market Jan 2014, equating to 42 pct sales growth.