Two wheeler sales down as motorcycle sales slump
12 September 2015
Total two-wheeler sales in August were down 2.98 per cent to 13,05,350 units against 13,45,506 units sold in the same month last year
Motorcycles saw a drop of 9.59 per cent in August due to demand slump in rural markets,
According to SIAM, motorcycle sales declined to 8,23,053 units last month from 9,10,312 units a year ago.
"Demand for motorcycle has suffered due to a slowdown in rural economy. It is a real area of concern as decline in motorcycle sales has brought down the overall vehicles sales," Mathur said.
Vehicle sales across categories registered a decline of 2.07 per cent to 16,26,148 units from 16,60,512 units in August 2014, SIAM said.
In the motorcycle category, market leader Hero MotoCorp saw its bike sales decline by 15.46 per cent to 4,13,169 units as against 4,88,739 units in August last year.
Rival Bajaj Auto had a marginal increase at 1,37,948 units in August as against 1,37,347 units in the year-ago month, SIAM said.
Honda Motorcycle and Scooter India (HMSI) saw its bike sales decline by 17.46 per cent to 1,26,378 units against 1,53,120 units sold in August last year.
Scooter sales, however, were up 15.66 per cent in August at 4,27,165 units compared with 3,69,323 units sold in the year-ago period.
HMSI maintained its leadership position in the segment posting a growth of 13.33 per cent at 2,46,791 units against 2,17,751 units in the corresponding month last year.
TVS Motor Co saw scooter sales increase by 6.17 per cent to 68,346 units in August against 64,372 units sold in the same month last year. Hero MotoCorp witnessed a growth of 1.3 per cent at 47,388 units against 46,764 units sold last year.
(Also see: Domestic car sales rise 6% in August)