Hero MotoCorp Limited, leading two wheeler manufacturers in the country sold a total of 532,113 units during July 2016. This was a 9.13% increase in sales as against 487,580 units sold in July 2015. Splendor iSmart 110, the first motorcycle to be completely designed and developed at the company’s Centre of Innovation and Technology in Jaipur was introduced with positive response from buyers.
Honda Motorcycle and Scooter India sold 4,53,844 units in July 2016 recording their highest monthly sales to date. The company also sold a record number of scooters during the past month with 3,09,144 scooters sold while exports were also their highest at 24,317 units. These outstanding results has allowed the company to command a market share of 29.1% in domestic markets while taking domestic and export markets into account, market share has increased to 27%.
Bajaj Auto Limited has registered 21% sales growth in domestic sales in July 2016. The company sold 174,324 units last month as against 111,203 units sold in July 2015. Export figures dipped substantially from 282,433 in July 2015 to 111,203 units in July 2016, declining by 20%. Total sales stand at 285,527 units, increasing by 1%.
TVS Motor Company sold 240,042 units in July 2016, up 15.4% as compared to 208,044 units sold in July 2015. Total two wheeler sales increased 18.7% from 174,099 units sold in July 2015 to 206,605 units sold in July 2016. Scooter sales dipped marginally while motorcycle sales increased 23% from 77,397 units in July 2015 to 95,062 units in July 2016. Total exports of the company also decreased marginally and stood at 40,192 units in July 2016 as against 42,677 units in July 2015.
Yamaha India Motors Pvt. Ltd has announced a 12% growth in domestic sales in July 2016. Taking both sales in India and Nepal, 65,244 units were sold during the month as against 58,477 units sold in July 2015.
Royal Enfield saw a 31% increase in July 2016 sales. 52,128 units were sold during the past month as against 39,867 units sold in July 2015. Exports increased 40% to 1,250 units as compared to just 893 units exported in July 2015. Penetration to newer markets is on the cards along with increase of sales stores allowing the company to see better results in the months ahead.
Note – Mahindra and Suzuki are yet to reveal sales numbers. The article will be updated once they share their report.