TVS Motor Co, Suzuki Motorcycle and Piaggio, but Honda Hero hit pot hole
Chennai-based TVS Motor Co, Suzuki Motorcycle India and Piaggio have gained shares in the Indian scooter market. However, the overall market witnessed a marginal decline in sales in the financial year 2018-19. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), scooter sales in India stood at 67,01,469 units in 2018-19 as against 67,19,909 units in the year-ago fiscal, a decline of 0.27%.
On the other hand, market leader Honda Motorcycle and Scooter India (HMSI) sold 36,80,403 units in 2018-19 as against 38,21,542 units in the previous year, a decline of 3.7%, according to the SIAM data. HMSI’s scooter market share dipped to 54.91% in 2018-19 from 56.86% a year ago. Image source: Reuters
In contrast, another player which managed to increase market share was Suzuki Motorcycle India Pvt Ltd (SMIPL), which saw its scooter sales grow by 46% at 6,15,520 units as against 4,21,539 units a year ago. SMIPL’s scooter market share, thus, improved to 9.1% in 2018-19 from 6.27% in 2017-18. Image source: Reuters: suzukimotorcycle.co.in