Hero MotoCorp Loses Second Spot In Scooter Sales In India

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With sales of 39,287 units more than Hero MotoCorp, TVS Motor became the second largest scooter manufacturer in India. The sales data for Q1 FY18 was released by the Society of Indian Automobile Manufacturers (SIAM).

During the April-June of FY 18, TVS sold 249,077 units, while Hero MotoCorp sold 209,790 units.

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VS Motors Overtakes Hero MotoCorp In Scooter Sales

TVS Motor sales grew at a robust rate of 35.51 percent when compared to same period last year. The company sold 183,805 units in Q1 of FY17.

Aniruddha Haldar, Vice President - Marketing(Scooters), TVS Motor Company said, "To keep the growth momentum going, we have exciting plans lined up in the scooter segment. The Company recently introduced fresh colours for both TVS WEGO and TVS Jupiter with the latter offering the most colour selections in the entire scooter segment."

VS Motors Overtakes Hero MotoCorp In Scooter Sales

"We have also launched a new matte colour series for TVS Scooty Zest 110 and new colours for TVS Scooty Pep+ as well. Additionally, we will be launching an all-new new scooter this fiscal."

Hero MotoCorp witnessed a marginal de-growth of 0.51 percent during the same period. Leading the table, Honda Motorcycle and Scooters Ltd. (HMSIL) sold 973,725 units in Q1 of FY18 with sales growth of 22.15 percent.

Along with Honda, scooter manufacturers such as India Yamaha Motor, Piaggio Vehicles, Suzuki Motorcycles registered a modest growth in the first quarter.

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There is an increasing shift towards commuting with less hassle, and automatic scooters have made the cut in the Indian market. Also, an increasing number of female users has led to the increase in sales of scooters in India.

Read more on: #hero #tvs
Story first published: Monday, July 17, 2017, 12:50 [IST]
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