The festive month of October saw increased two wheeler sales with most bike makers posting positive results. Royal Enfield, Honda, TVS and Suzuki posted increased sales growth though Honda sales dipped 5.22% while Hero dipped by 4.83%.
Hero MotoCorp sales for the month of October 2017 declined by 4.83%. In October 2017, Hero MotoCorp sold 6,31,105 units, which is a decline as against 6,63,153 units sold in October last year.
Royal Enfield, the two-wheeler division of Eicher Motors, posted an 18% increase in sales in October 2017. Sales of the company models with engine capacity upto 350cc stood at 65,209 units as compared to 55,188 units sold in October 2016, while sales of higher capacity bikes were at 4,283 units in the past month recording a 9% increase year on year. Overall sales were at 69,492 units, as compared to 68,014 units in October 2016.
Royal Enfield exported 1,478 units in October 2017 as against 748 units in October 2016 resulting in a 98% increase in exports. Year on year sales during the period April to October 2017 stood at 4,56,355 units, a 22% increase as against 3,73,551 units sold during the same period of the previous year. Exports during this period increased from 8,022 units in 2016 to 10,037 period in the 2017 period, an increase of 25%.
Suzuki Motorcycle India reported a 22.27% increase in October 2017 sales. A total of 50,178 units were sold in the past month out of which 46,020 were domestic sales and exports stood at 4,100 units. Year to date sales from April to October 2017 stood at 3,31,419 units, an increase of 38.43% over 2,39,405 units sold during April to October 2016. Suzuki targets 5 lakh units during the current financial year and gears up for new launches among which is the new Intruder 150 cruiser set for launch in India on November 7, 2017.
TVS Motors – A statement issued by TVS Motors states that the company sold a total of 3,17,411 units in October 2017, a 3% increase over 3,08,690 units sold in October 2016. During the past month, domestic two wheeler sales dipped to 2,70,372 units as against 2,72,229 units sold in the same month of the previous year.
Motorcycles sales increased 3.2% from 1,21,550 units sold in October 2016 to 1,25,409 units sold in the past month and scooter sales increased 15.7% to 1,06,910 units as compared to 92,417 units sold in October 2016. Three wheeler sales saw a significant increase by 88.3% in October 2017 when a total of 9,047 units were sold as compared to sales in the same month of the previous year while exports also increased 29.3% from 35,134 units exported in October 2016 to 45,437 units in the past month.
Bajaj Auto Limited – Sales of Pune based two and three wheeler makers, Bajaj Auto Limited, increased 7% in October 2017 to 3,82,464 units as against 3,56,168 units sold in October 2016. Of these total sales, domestic Motorcycle sales stood at 3,25,778 units, an increase of 6%, as compared to 3,07,892 units sold in October 2016. Sales of commercial vehicles increased 17% from 48,276 units sold in October 2016 to 56,686 units sold in the past month.
Honda Motorcycle and Scooter India – Sales dipped 5.22% in October 2017 when Honda Motorcycle and Scooter India sold a total of 4,66,535 units as compared to 4,92,237 units in October 2016. Domestic sales in the past month were at 4,37,531 units, a drop of 7.5% and exports were at 29,004 units an increase of 32.57% as against domestic sales of 4,70,358 units and exports of 21,879 units in October 2016.
Yamaha and Mahindra have not revealed their sales figures for the month. Post will be updated if and when they update.