Two-wheelers sales in India for the year 2016 was robust in the first six months and it looked like the industry will post a double-digit growth. However, towards the end of 2016, two-wheelers sales took a hit primarily due to government's bold decision of demonetization of high-value currencies.
The report from Society of Automobile Manufacturers (SIAM) said that two-wheeler sales of the top 10 manufacturers stood at 1.70 crores in 2016 against 1.55 crore sales in 2015, registering 9.1 percent growth. Here are the top 10 two-wheeler manufacturers in 2016 in India.
10. Harley-Davidson India
The iconic American motorcycle manufacturer, Harley-Davidson India registered sales of 4,241 units in 2016, while it sold 4,445 units in same period last year. The company registered a decline of 4.6 percent growth comparatively. The decline in sales could be attributed to the demonetization scheme.
9. Piaggio Vehicles Ltd.
Piaggio had a robust year in sales in India for 2016. The company sold 37,118 units in 2016, while it sold 27,830 units in the previous year. Much of the sales can be attributed to the company launching the Aprilia SR 150 moto-scooter. The SR150 has had agood run since its launch offering a powerful scooter for the Indian two-wheeler market.
8. Mahindra 2-Wheelers
Mahindra witnessed the biggest decline in sales in 2016 with 69,106 units being sold as against 151,005, a solid drop by 54.2 percent compared to 2015. The company though is preparing for the future with the acquisition of Jawa and BSA in 2016 and is expected to bring anew breed of motorcycles to India.
7. Suzuki Motorcycles
Suzuki Motorcycles did not make much of an impact registering adecline in sales of 3.5 percent. The company sold 3.17 lakh units in 2016, while it sold 3.28 lakh units in 2015. Among the two-wheeler manufacturers who saw adecline in sales in 2016, Suzuki Motorcycles was the least among them.
6. Royal Enfield
Royal Enfield saw the biggest growth among the top 10 two-wheeler manufacturers for 2016. The company sold 6.22 lakh units compared to sales of 4.44 lakh units in 2015. The company registered sales of 40 percent growth and was mainly driven by the sales of its Classic range and the newly launched Himalayan entry-level adventure motorcycle.
Yamaha Motor India saw a significant rise in sales registering 32.3 percent sales in 2016 compared to 2015. Yamaha sold 7.86 lakh units in 2016, while it sold 5.94 lakh units in the same period in 2015. The company has revamped its FZ motorcycles and its Ray scooter have been responsible for the growth.
4. TVS Motors
TVS Motors' sales grew by 12 percent by selling 18.09 lakh units in 2016, compared to sales of 16.15 lakh in 2015. TVS reintroduced the Victor 110 motorcycle and launched the Apache RTR200 4V, which gave the momentum in sales for the Hosur based company.
3. Bajaj Auto
Bajaj Auto continues to dominate the 3rd spot with sales of 20.5 lakh units in 2016, while it sold 18.07 lakh in 2015, thereby registering sales of 13.8 percent growth. The Pune-based motorcycle manufacturer's solid push on sports bikes with reasonable price. The Pulsar brand, Avenger and the V have brought sales for the company.
2. Honda Motorcycles And Scooters India (HMSI)
Honda Motorcycles and Scooters India (HMSI) continues to hold the 2nd spot in the market for 2016. The Japanese automaker sold 47.27 lakh units in 2016 compared to 43.14 lakh during the same period in 2015. The company registered sales of 9.6 percent compared to 2015.
1. Hero MotoCorp
Hero MotoCorp still enjoys the numero uno position in thecountry in 2016. Despite many of two-wheelers falling under commuter segment -- which bore the brunt of demonetization -- the company sold 65.80 lakh units in 2016, while it sold 62.96 lakh units in 2015, registering growth of 4.5 percent.
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