Hero MotoCorp, the country’s largest two wheeler maker continued aggressive sales in fiscal 2017-18 with sales of over 5 lakh units for the second month in a row. The company reported an 8.7% increase in sales during the past month which stood at 6,33,884 units as compared to 5,83,117 units sold in May 2016.
The company is also poised to see positive sales over the next few months especially with forecasts of normal rainfall while the company has lined up a host of new launches. Production operations also commenced at the company’s subsidiary HMCL Niloy Bangladesh Ltd which has installed capacity to the extent of 1,50,000 units per annum. The company has also expanded operations in 35 countries across Asia, Africa and South and Central America.
Honda Motorcycle and Scooter India (HMSI) also posted increased sales to the tune of 23% in May 2017 with the company recording sales of over 5 lakhs units for the second month in a row. Overall sales increased to 5,37,035 units in May 2017 from 4,36,328 units in May 2016
The company’s domestic sales increased from 4,15,860 units in May 2016 to 5,10,381 units in the past month. Sales of automatic scooters also increased 24% to 3,34,165 units in May 2017 from 2,68,429 units in May 2016.
HMSI consolidated its position as No. 2 brand in the domestic motorcycle segment with 20% growth. Motorcycle sales stood at 1,76,216 units in May 2017 as compared to 1,47,431 units in may 2016. Exports increased by 30% from 20,468 units in May 2016 to 26,654 units exported in the past month.
India Yamaha Motors grew by 11% where May 2017 sales are concerned. The company’s domestic sales stood at 69,429 units and the company attributed these increased sales to the recently launched Street Fighter FZ25 motorcycle and BS-IV variants of both scooters and motorcycles.
Plans of further expansion in Tier II and Tier III cities, both with new products and enhanced service operations are underway which will allow the company to see further boost in sales in the months ahead.
Royal Enfield also reported a 25% increase in sales in May 2017. The company sold 60,696 units in May 2017 as against sales to the extent of 48,604 units in the same month of the previous year. Exports of Royal Enfield soared 49% to 2,049 units in May 2017 as compared to exports in May 2016.
Motorcycles with engine capacity of 350 cc grew by 29% to 43,217 unit sales while motorcycles in the above 350cc category noted a 10% decline in sales with just 4,873 units sold.
TVS Motor Company noted sales growth of 16% in May 2017. The company sold 2,43,783 units in May 2016 which went upto 2,82,007 units in May 2017. Total two wheeler sales increased by 15.6% going up from 2,38,320 units in May 2016 to 2,75,426 units in May 2017. Two wheeler sales in domestic markets increased by 16.3% to 2,40,527 units in the past month as against 2,06,886 units in May 2016. Scooter sales increased by 30.9% from 65,434 units in May 2016 to 85,681 units in May 2017 while motorcycles sales increased 22.3% from 96,485 units in May 2016 to 118,014 units in May 2017. In terms of exports, TVS Motors noted a 14.3% increase from 35,545 units registered in May 2016 to 40,617 units in May 2017. Total three wheeler sales also increased by 20.5% from 5,463 units sold in May 2016 to 6,581 units in May 2017.
Bajaj Auto Limited was the only two wheeler company to post reduced sales in May 2017. Company sales of motorcycles declined by 13% to 1,56,523 units in May 2017 as against sales of 1,79,882 units in May 2016.
Sales of commercial vehicles in domestic markets also dipped by 28% to 17,524 units while total domestic sales fell by 15% to 1,74,047 units in the past month.