Two-wheel sales in March: Hero, Bajaj, TVS, Royal Enfield, Honda survives the scare
NEW DELHI: leading manufacturers of two-wheelers Hero MotoCorp , TVS Motor Company amd Royal enfield witness a significant drop in sales in March due to coronavirus spread and subsequent blocking. Amid tank sales, Honda's two-wheelers survived the attack, posting single-digit growth.
Hero MotoCorp sales down 42%
The country's largest two-wheeler maker Hero MotoCorp reported a 42.4 per cent decline in total sales at 3.34,647 units in March. The company had sold 5,81,279 units in the corresponding month of the previous year, Hero MotoCorp said in a statement.
Total motorcycle sales stood at 3.05,883 units last month compared to 5.35,943 units in March 2019, down 42.9 percent.
Total scooter sales decreased 36.55 percent to 28,764 units compared to 45,336 units in the prior year month, he added.
In the domestic market, sales stood at 3.16,685 units last month compared to 5.53,302 units in the same period last year, down 42.7 percent.
In March 2020, the auto industry and the entire global economy has been faced with unprecedented disruption, owing to the novel coronavirus. The COVID-19 has resulted in interrupted supply chains, halted production and lock-down, leading to no retails, the company said.
The older two-wheeler said he has elevated Naveen Chauhan to Head of Sales and After Sales, effective immediately.
Honda Two Wheeler sales up to 5%
Honda Motorcycle and Scooter India reported a 5 percent increase in total sales to 2.61,699 units in March.
The company had sold 2.49,136 units in the same month last year, HMSI he said in a statement.
Domestic sales for the month were 2.45,699 units, an 11 percent increase from 2.22,325 units in March last year.
HMSI closed 2019-20 fiscal with total sales of 50,31,297 two-wheelers, which includes domestic sales of 47,06,572 units and exports of 3,24,725 units.
Despite all efforts, 2019-20 has been a challenging year in more ways than one. COVID-19 impact derailed industry's plans and has severely impacted the automobile ecosystem - right from supply chain to dealers, HMSI Director Sales and Marketing Yadvinder Singh Guleria said.
TVS Motor sales fall 55%
TVS Motor Company reported a 55.5 per cent decline in total sales in March at 1.44,739 units.
The company, which primarily makes two-wheelers and three-wheelers, had sold 3,25,323 units in March 2019, TVS Motor Company he said in a statement.
There has been a major impact on the company's production and sales this month due to the closure of COVID-19 across the country, he added.
Total sales of two-wheeled vehicles during the month were 1.33,988 units compared to 3.10,885 units in March 2019, 56.9 percent less.
Domestic two-wheel sales reached 94,103 units last month compared to 2.47,694 units in March 2019, a decrease of 62 percent, he added.
Total exports decreased 34.3 percent to 50,197 units last month compared to 76,405 units in March 2019.
Bajaj Auto's total sales fell 38%
Bajaj Auto reported a 38 percent decrease in total sales to 2.42.57 units in March from 3.93,351 in the same month last year.
Total domestic sales fell 55 per cent to 1,16,541 units last month as compared to 2,59,185 units in March 2019, Bajaj Auto he said in a statement.
The company also said its total two-wheeler sales fell 35 percent to 2,10,976 units compared to 3.23,538 units in the prior year month.
Domestic sales of two-wheeled vehicles reached 98,412 units last month compared to 2.20,213 units in March 2019, a decrease of 55 percent, he added.
For 2019-20, the two-wheeler maker reported an 8 percent drop in sales to 46.15,212 units compared to 50.19,503 units in 2018-19.
Royal enfield sales down 41%
Royal enfield reported 41 per cent decline in total sales at 35,814 units in March.
The company had registered total sales of 60,831 units in the same month a year ago, Royal enfield he said in a statement.
Domestic sales in March were 32,630 units compared to 58,434 units in the month of the previous year, down 44 percent, he added.
Las exportaciones del mes pasado fueron de 3,184 unidades en comparación con 2,357 unidades en marzo de 2019, un aumento del 33 por ciento, said.
Suzuki Motorcycle records 40,636 sales units
The company registered total sales of 40,636 units until March 22, 2020, that was followed by a production halt due to the lockdown imposed to prevent spread of coronavirus outbreak, SMIPL he said in a statement.
Sales in the domestic market were 33,930 units in March 2020, he added.
“We are pleased to close this financial year on a positive note with 5.7 per cent growth amid the precautionary measures taken in the wake of the COVID-19 pandemic," SMIPL Managing Director Koichiro Hirao said.
Today, he said, our top priority is to ensure the health and safety of employees and all stakeholders. As the industry battles the COVID-19 pandemic by implementing shutdowns and taking precautionary measures, we believe the industry will overcome this difficult time and recover with positive growth in the coming months.