Economic Times: October, 2016
News Delhi: Two-wheeler sales rose sharply in September as companies increased dispatches anticipating strong demand during the ongoing festive season.
Wholesale numbers for both Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) increased by 11.2 per cent and 32.1 per cent to an all-time high of over 6.7 lakh units and 5.69 lakh units respectively.
“The positivity in the economy led by the Seventh Central Pay Commission, One Rank One Pension (OROP) disbursements and favourable monsoon has translated to a robust return of demand in two-wheeler sector ahead of festivals,” said Yadvinder Singh Guleria, senior vice-president, sales and marketing at HMSI.
TVS motors, posted a 30 per cent increase in wholesale numbers at over 2.87 lakh units. Due to supply chain disruptions, the company lost production of 25,000 units, TVS Motor Company said in a BSE filing.
Domestic two-wheeler sales were at 2.53 lakh units as against 1,9 lakh units in the same month last year, up 33.62 per cent. Motorcycle sales rose 35.9 per cent to 1.22 lakh units in September as compared to 90,393 units in the same month a year ago.
Scooter sales grew 12.7 per cent to 84,850 units from 75,307 units in the year-ago period, it said.At Yamaha, sales breached the 1lakh units mark, growing by a robust 22 per cent. Royal Enfield volumes rose by 30 per cent to 57,842 units last month.
Bajaj Auto reported a 2 per cent decline in total sales in September at 3.76 lakh units as against 3.84 lakh in the same month last year.
However, the company’s motorcycle sales during the month rose 1 per cent to 3.31 lakh units as against 3.30 lakh in September last year, the company said in a BSE filing.
The company’s commercial vehicles sales during the month stood at 44,789 units compared with 54,172 in the year-ago period, a fall of 17 per cent. Its exports in September this year came in at 1.21 lakh units as against 1.73 lakh a year before, down 30 per cent, the company said.
The sharp rise in the two-wheeler space found resonance in the passenger vehicle segment as well. Maruti Suzuki sales grew by 29.4 per cent during the month, but for Hyundai, sales volumes remained almost flat at 42,605 units.
Rakesh Srivastava, senior vicepresident (sales and marketing), Hyundai Motor India said, “We hope that the festive season will see a benchmark growth in the industry with the evenly spread monsoon along with the Seventh Pay commission building to positive sentiments in the market.”