Two-wheelers zoom ahead as car sales stall
05 December 2011
The relatively sluggish growth in the Indian car market paradoxically continues to help two-wheeler makers, as first-time buyers opt for the cheaper mode of transport amid rising fuel prices and input costs as well as increasingly tight credit.
Virtually all motorcycle and scooter manufacturers reported gains for November, and spelled out further growth plans.
Japanese two-wheeler manufacturer India Yamaha aims to sell over 400,000 units this year, while rival Bajaj Auto, the second-largest two-wheeler maker after Hero Motorcycle, said it plans to post sales of four million units this fiscal.
Mahindra zooms on two wheels
Mahindra Two Wheelers Ltd, a unit of Mahindra & Mahindra, on Saturday said its scooter sales in November were at 8,034 units. It added that cumulative scooter sales for the April to November period were 100,268 units.
Mahindra Two Wheelers did not give comparative year-earlier sales figures; but announced new launches.
"After growing more than 30 per cent in retail sales last month during the festive (Diwali) season, we have calibrated the billings to our dealers in November to clear the pipeline for the new Mahindra Duro DX,'' said Viren Popli, senior vice president marketing, sales and customer care.