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Suzuki 2W Sales Oct 2024 – Highest Ever Monthly Sales of 1.20 Lakh Units

New Suzuki Burgman
New Suzuki Burgman

Suzuki two wheeler sales touched 1.20 lakh units last month relating to a 19.45% YoY and 21.04% MoM growth

Suzuki Motorcycle India Pvt. Ltd. has released their sales data for October 2024. During the said month, the company has seen positive results both on a YoY and MoM basis while YTD sales also ended positively. However, this improved growth was primarily due to increase in domestic sales. The company has reported a marked decline in its exports.

Suzuki 2W Sales Oct 2024 – YoY

Suzuki sales (domestic + exports) in Oct 2024 stood at 1,20,055 units. This was a 19.45% YoY growth from 1,00,507 units sold in Oct 2023 relating to a volume increase of 19,548 units. Highly positive sales were seen in domestic markets with 1,04,940 units sold last month.

Suzuki 2W Sales Oct 2024
Suzuki 2W Sales Oct 2024

This was a 24.48% YoY growth from 84,302 units sold in Oct 2023. Domestic sales thereby commanded an 87.41% share. Sales were particularly boosted by the Access, Burgman and Avenis scooter range. Exports however, suffered a YoY setback. Exports dipped by 6.73% to 15,115 units in Oct 2024 from 16,205 units sold in Oct 2023. This related to a 1,090 unit volume decline with exports holding a 12.59% share.

Suzuki 2W Sales Oct 2024 – MoM

On a MoM basis as well, Suzuki has seen stronger demand in the domestic market as compared to its global sales. Domestic sales surged by 35.82% from 77,263 units sold in Sept 2024 relating to a 27,677 unit volume increase and a 77.90% share. Exports once again saw heavy decline by 31.05% from 21,922 units shipped in Sept 2024, a MoM decline by 6,807 units.

In October 2024, Suzuki launched the GSX-8R in its big bike segment especially for the festive season. The GSX-8R is presented in an attractive array of colour options and brings with it a higher level of real-world performance and advanced features. It rivals the Suzuki GSX-8R including Triumph Daytona 660 and upcoming Yamaha R7.

Suzuki India 2W Sales Grows by 10.36% – April to October 2024

Suzuki sales were up 10.36% on a year-to-date (YTD) basis to 7,39,930 units in the FY2025 period from 6,70,457 units sold in the same period of last year. This was a 69,473 unit volume increase. Once again, the company has reported stronger sales in domestic markets when compared with its exports.

Domestic YTD sales were up 17.51% to 6,21,470 units in FY2025 period from 5,28,870 units sold in FY2024 with an 83.99% share and 92,600 unit volume growth. This significant rise in domestic sales shows off the company’s efforts to maintain its position in the Indian two-wheeler segment. Exports, on the other hand, declined by 16.33% to 1,18,460 units in FY2025 from 1,41,587 units sold in the corresponding period of 2024 taking volumes down by 23,127 units to hold a 16.01% share.

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