Suzuki Motorcycle India Private Limited (SMIPL) has registered a massive 62 percent growth in July 2017.
Suzuki Two-wheelers registered a total sale of 40,038 units in July 2017 as opposed to the 24,703 units in July 2016. The main reason behind this growth is the strong domestic performance.
The Indian wing of the Japanese two-wheeler manufacturer posted a growth of 78 percent in the domestic sales. The company also recorded a year-on-year growth of 40.6 percent for the period of April-July in 2017.
For the financial year 2017-18, Suzuki is targeting to retail 5 lakh units. To achieve this goal, the company is gearing up its new product line up and expanding its dealership network in the country.
Suzuki is also aggressive in the export department, and the company expects to maintain its growth momentum in this fiscal. GST has also helped the automaker to sell more two-wheelers in the country.
After the implementation of GST from July 1, 2017, the automakers passed on the benefits to the customers. Suzuki Two-wheelers also announced its new pricing post-GST, and it helped the company to post strong growth in the country.