Two-wheelers refister robust 13.5 % growth
11 August 2016
According to SIAM, total two-wheeler sales rose 13.52 per cent to 14,76,340 units last month from 13,00,457 a year ago.
Motorcycle sales rose 10.98 per cent during the month to 8,97,092 units from 8,08,332 units last July.
"Motorcycle sales, which have been impacted in rural areas for nearly three years now, witnessed some revival last month. Due to positive sentiment generated by good rains people have started buying bikes. Also, sowing season has been good," Sen said.
Two-wheeler market leader Hero MotoCorp posted 6.7 per cent growth in its motorcycle sales at 4,48,119 units in July as against 4,19,950 units a year ago.
Rival Bajaj Auto's bike sales were up 21.33 per cent at 1,74,324 units in July, as against 1,43,671 units in the same month of last year.
Honda Motorcycle and Scooter India's (HMSI) motorcycle sales were at 1,20,381 units as against 1,12,112 units in the same month last year, up 7.37 per cent.
SIAM said scooter sales in July were up 16.66 per cent at 5,04,258 units as against 4,32,262 units in the same month last year.
Segment leader HMSI posted a growth of 19.26 per cent in its scooter sales at 3,09,170 units as against 2,59,237 units in the same month last year.
Hero MotoCorp also witnessed a jump of 60.43 per cent in scooter sales at 72,440 units, as against 45,151 units a year ago.
Chennai-based TVS Motor Co's scooter sales were at 64,704 units in July as against 65,930 units in the same month last year, down 1.85 per cent.