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Two wheelers sales high in March 2009

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Despite the global slowdown two wheeler sales were impressive for the month of March. Hero Honda posted a double digit growth of 10% to 3, 53,342 units for March 2009 as compared to 3, and 20,594 units in March 2008. On an annual basis the company has posted a 12% growth to 37.22 lakh two-wheelers in FY ‘09 against 33.37 lakh units in FY ’08.

Mr Munjal; Hero Honda MD & CEO said "We have achieved a market share of 57% in the domestic motorcycle market, despite the industry witnessing significant drop in sales on the back of slowing economy and prevailing high interest rates in the country."

The Chennai-based TVS Motor Company also reported a 4% growth to 1, 21,988 units in March this year against 1, 17, 045 units in the same month last year. Its growth in sales came due to the increasing demand for scooters, which recorded a robust 44% increase to 22,975 units in March as against 15,942 units in the same month a year ago. The sale of motorcycles dropped 8.46% to 55,754 units in March 2008 against 60,908 units in March last year.

Related News:
Honda India likely to launch 100cc bike next fiscal in India
Demand for High-end motorbikes mount in India
TVS Motors March sales rise 4%
Honda India to focus only on gearless scooter segment

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Posted by Amrith K.A on 2 April, 2009 5:15:13 PM IST #