October 2016 two wheeler sales report – Hero, Honda, Bajaj, TVS, Royal Enfield, Yamaha, Suzuki, Mahindra
Hero MotoCorp sales in October 2016 stood at 6,63,153 units and it was for the third consecutive month that Hero sales has overshot the 6 lakh mark. Sales in August 2016 stood at 6,16,424 units while September sales stood at 6,74,961 units. In October 2016, the company registered a 3.65% increase in sales as compared to 6,39,802 units sold in the same month of the previous year.
Honda Motorcycle and Scooter India
Honda Motorcycle and Scooter India (HMSI) has registered a 9% growth in sales in October 2016 with a total of 4,92,367 units sold during the month as against 4,31,865 units sold in October 2015. Sales during the festive season across September and October saw sales cross the 10 lakh mark for the first time while sales of the top-selling Activa scooter crossed the 7 lakh mark.[asa2 tpl=”Sidebar”]B00RFW58I0[/asa2]
Bajaj Auto Limited sold a total of 3,07,892 motorcycles in October 2016 marginally lower than 3,08,733 units sold in the same month of the previous year. While domestic sales increased just 5%, exports saw an 11% decline. Domestic sales stood at 2,12,997 units in October 2016 as against 2,02,042 units in October 2015 while exports dipped substantially from 1,06,691 units exported in October 2015 to exports to the tune of 94,895 units in the past month.
TVS Motors reported sales of 3,03,885 units in October 2016, a 15.1% increase over 2,64,112 units sold in October 2015. In the motorcycle segment, sales increased 14.5% to 1,21,550 units while scooter sales were constant at 92,417 units. On the domestic front, TVS sales increased 17.6% to 2,72,229 units in October 2016 from 2,31,491 units sold in October 2015.[asa2 tpl=”Sidebar”]B010M5MORO[/asa2]
Yamaha Motors India sales grew 22% in October 2016 with sales to the extent of 86,428 units as compared to 70,812 units sold in October 2015. Taking domestic sales and exports into account, sales crossed the 1 lakh mark both in September and October. Positive market response to the Yamaha Fascino, Cygnus Alpha and the Cygnus Ray-ZR was particularly noteworthy while the company plans special focus on expansion into Tier II and III cities.
Royal Enfield reported strong sales performance during October 2016 with a total of 59,127 units sold during the month. Sales increased 33% as compared to 44,522 units sold during October 2015 which included both domestic sales and exports. Exports were up 95% as the company shipped 748 motorcycles in October 2016 as against 384 units shipped in the same period of the previous year.
Note – We will update the post once Mahindra and Suzuki reveal their sales figure.