Hero MotoCorp, HMSI, TVS Motor post sales growth in June

Two-wheeler majors Hero MotoCorp, TVS Motor Co and Honda Motorcycle and Scooter India (HMSI) today reported sales growth in June, managing to overcome purchase postponements by buyers due to speculations over tax rates ahead of GST implementation.
Pune-based Bajaj however, posted a decline of 25 per cent in total two-wheeler sales.
The country's largest two-wheeler maker Hero MotoCorp reported 14 per cent increase in sales at 6,24,185 units last month as against 5,49,533 units in June 2016.
Hero MotoCorp said its sales were driven by strong demand for its motorcycles and scooters. The company sold 5,47,185 motorcycles in June this year, up 13 per cent over the corresponding month last year.

Besides, the company sold 77,000 scooters, registering a 22 per cent growth over the year-ago month.
Similarly, Chennai-based TVS said its total two-wheeler sales grew by 11.8 per cent at 2,68,638 units in June as against 2,40,236 units a year ago.

Scooter sales were at 90,448 units last month as compared to 67,590 units in June 2016 , up 33.8 per cent.
Another major player in the segment, HMSI reported 4 per cent increase in its total sales in June at 4,44,713 units as compared to 4,27,222 units in the same month last year.
The company said its scooters sales were up 2 per cent last month at 2,71,017 units as against 2,65,361 in June last year.

Motorcycle sales were also up 2 per cent at 1,45,481 units as compared to 1,42,618 units in the corresponding month last year, HMSI said.
On the other hand, Bajaj Auto reported 25 per cent decline in total two-wheeler sales at 2,73,298 units in June as against 2,04,667 units in the same month last year.