Indian Motorbike sales up by 24% in July
It is reported that on the back of 14% growth in sales in the Q1 of financial year 2009-10, two wheeler makers have reported 24% growth in sales in July. The segment comprises motorcycles and scooters. The growth is a result of low base as annual sales growth last year was a mere 3%.
Hero Honda, the country's largest motorcycle maker posted 30% rise in sales as compared with the same month last year. The manufacturer of bestselling 100 cc brands like Passion and Splendor sold 366,808 motorcycles as against 281,317 in the corresponding period last year.
July sales for TVS Motor grew by 5% to 107,883 units as against 102,530 units in July 2008. Exports dipped about 19% to 13,061 units.
India Yamaha Motorcycles sales grew by 47% to 17,316 units. The rise comes from good demand for the company's high performance motorcycles belonging to the FZ and YZF series.
Suzuki Motorcycle's sales grew by 20% last month. It sold 12,585 units of motorcycles and scooters. The company says the demand for its 150 cc motorcycle, the GS 150 R has been robust.
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