Business IdeasBike sales vroom 32% in Nov
Led by market leader Hero Honda, two-wheeler manufacturers posted an impressive growth in sales during the month of November on the back of favourable bank lending rates and a good response to new launches. Heavy promotional campaigns and sales offers by most companies also aided demand.
- Robust auto sales hold promise of good economic showing - Hyundai November sales up 28% - Hero Honda sales jump 32% in Nov - Rs 65 cr loss for Sunbeam Auto due to 52-day stir - M&M aims to source parts from China for two-wheelers - 17,500 key level for an upmove
The aggregate two-wheeler sales of Hero Honda, TVS Motor, Yamaha and Suzuki rose 32 per cent to 520,014 units last month, against the 393,604 units sold in the same month last year. Bajaj Auto and Honda Motorcycle and Scooters (HMSI) did not release their sales data today.
Hero Honda, which commands a 59 per cent market share, stated that its sales rose 32 per cent to 381,378 units from 289,426 units sold in the same month a year ago.
PICKING UP SPEED
Company
Nov 2008
Nov 2009
% change
Hero Honda
289,426
381,378
32
TVS Motor
77491
106836
38
Yamaha
16701
17055
Suzuki
9986
14745
48
Total
393604
520014
32
Source: Company data
“What is noteworthy is that the robust November sales numbers come on the back of the good performance we staged during the festive season in September and October. Sales for the November period are the best ever,” Anil Dua, senior vice-president (sales & marketing), Hero Honda, said.
Analysts said improving sentiments and a pick-up in overall economic activity helped two-wheeler manufacturers to post good sales in November. They expect the healthy trend to continue in the remaining months of the current year.
Chennai-based TVS Motor Company sold 106,836 units in November, a 38 per cent growth over the 77,491-unit sale posted in the similar period last year. However, exports for the manufacturer of the twin-spark plug kitted Flame motorcycle dipped 33 per cent to 14,008 units.