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%.
TVS Motor Co, which is the second-largest scooter maker in India by sales, sold 12,41,366 units in 2018-19 as compared to 10,99,133 units in 2017-18, a growth of 12.94%. The company’s market share increased to 18.52% in 2018-19 from 16.36% in 2018-18. Image source: tvsmotor.com
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
Likewise, the third-biggest player Hero MotoCorp also witnessed a decline in market share to 10.73% in 2018-19 from 13.14%. The company had sold 7,19,087 units in 2018-19 as against 8,83,667 units in the previous fiscal, a decline of 18.62%. 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
Piaggio Vehicles also posted a growth of 14% in its scooter sales in the domestic market last fiscal at 77,775 units as against 68,169 units in the previous year. Its market share also increased marginally to 1.16% from 1.01%. Image source: Reuters
India Yamaha Motor posted a decline of 12.15% at 3,64,879 units in 2018-19 as against 4,15,321 units in the previous fiscal, according to SIAM. The company’s scooter market share also dropped to 5.44% the last fiscal from 6.18% in 2017-18. Image source: Twitter / Yamaha Motor India