India's two-wheeler sales seem to have taken off in October with Hero MotoCorp bouncing back in October with sales of over 500,000 units from the downward trend since July this year on low consumer sentiments. Bajaj Auto reported its second highest sales for the month, while TVS Motors' sales were up during the month under review.
Export-wise both Bajaj and TVS reported lower sales for the month.
Bajaj Auto reported its second highest sales of motorcycles and commercial vehicles in October--including exports--at 411,502 units, compared to the 395,274 units of October last year, a four percent growth.
For April-October 2012, total sales, including exports, were 2,539,681 units, compared with the 2,652,226 units in the corresponding period of the preceding year, registering a four percent drop.
The Pune-based company reported the highest-ever total motorcycle sales of 361,186 units last month, up by three percent from the 351,083 reported last year. Sales of commercial vehicles were up by 14 percent to 50,316 units from the 44,191 units a year earlier. Exports in October were at 126,091 units, down by four percent from the 131,948 units posted in October last year.
Hero MotoCorp (formerly known as Hero Honda Motors Ltd.), India's largest two-wheeler-maker, bounced back with total sales of 529,215 units in October, up by three percent from the 512,238 vis-a-vis the same month last year. This comes after the company's volumes had taken a downward turn since July this year on low consumer sentiments.
Hero Honda's Senior Vice-President (Marketing, Sales & Customer Care) Anil Dua said, "The entire range of our new Hero-branded models, including the new launches - Maestro and Ignitor - has been lapped up by our customers, which is reflected in these numbers. We hope that the improved market sentiment will sustain itself as we go forward into the rest of this fiscal."
Chennai-based TVS Motor Co. Ltd. reported total sales of 190,438 units in October this year, compared to the 183,718 units of October last year, a four percent fall.
Cumulative sales for the April-October 2012 period declined by ten percent with sales at 1,195,597 units, compared to 1,324,047 units in the corresponding period last year.
Total two-wheeler sales registered an increase of four percent, with sales of 186,376 units, compared to 180,006 units logged in last October.
The company's domestic sales recorded a six percent growth at 170,273, units in October 2012 over 159,887 units reported in October last year.
During the month, motorcycle sales fell by four percent to 72,687 units from the 75,652 units sold in the same month of the preceding year, while scooter sales declined by seven percent to 43,973 units from the 47,445 units registered in October 2011.
Exports during the month was 18,563 units, compared to last year's 22,129, reflecting a 16 percent decline.
The company sold 4,062 units of three-wheelers during the month, grew by nine percent from the 3,712 units in October 2011.
At BSE Sectoral indices, the auto sector was up 0.98 percent at 11.03 hrs. (IST) on Friday.
by RTT Staff Writer
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