The automotive industry of India is one of the largest in the world and the two-wheeler segment contributes nearly 81 percent to the industry.
Being a festive month, October sales are considered to be one of the biggest for the two-wheeler manufacturers. Here is the report on the Indian two-wheeler market sales for the month of October.
Hero MotoCorp (HMCL)
The world's largest two-wheeler manufacturer - has been holding to the title for nearly 15 years - reported sales of 663,153 units for the month of October. This is the third consecutive month that the company has reported sales for more than 6 lakh.
Hero MotoCorp registered 3.65 percent growth compared to the previous period in 2015. However, when compared to September 2016 the sales was down by 1.75 percent.
Honda Motorcycles & Scooter India (HMSI)
Driven by the Activa, Honda continues to hold the top spot for the best-selling two-wheeler in India. Overall, the company sold 492,367 two-wheelers for the month of October 2016.
The company sold 431,865 units in October 2015, registering a 9 percent growth for October 2016. Honda's two-wheeler sales was down by 13.5 percent when compared to the previous month of September 2016. Honda reported sales of 10 lakh cumulative of September and October 2016 with Activa contributing 7 lakh units.
Bajaj Auto (BAL)
Bajaj Auto reported sales of 307,892 units in October 2016; however, when compared to October 2015, the company sold 308,733 reflecting a constant growth and nothing significant.
The company sells only motorcycles and not any scooters and with sales of 3 lakh plus is indeed significant. While its domestic sales have remained constant, its exports have fell.
TVS Motor has reported sales of 303,885 units for October 2016 compared to 264,112 units in October 2015. This is an impressive run by the company registering 15.1 percent increase in sales comparatively.
Both its motorcycles and scooter have been impressive in sales, the motorcycle though witnessed a significant increase in sales by 14.5 percent.
India Yamaha Motor (IYM)
Yamaha India registered sales of 86,428 units in October 2016 compared to sales of 70812 units in October 2015. The company registered an increase of 22 percent growth in the domestic market.
The company saw sales of 1 lakh cumulative of September and October 2016 and most its sales were contributed from tier II and III cities in the country.
Royal Enfield (RE)
Royal Enfield's numbers might be closer to some of the top selling manufacturers in India. However, it the percentile increase of 33 percent is the biggest among the top players.
The iconic motorcycle manufacturer sold 59,127 motorcycles in October 2016 compared to 44,522 during October 2015 which combines both domestic and exports. The company is investing Rs 600 on a new manufacturing plant and new products and is looking to become a leader in the mid-sized motorcycle segment.
The sales for the month of October has not been significant keeping the festive season in mind. Though the manufacturers sold more units when companies for the month of September and October 2016. This could be attributed to festive days of Ganesh Chaturthi and Navratri in September 2016.