In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units
Largest two-wheeler manufacturer Hero Moto Corp saw a decline of more than 20 per cent
The auto sector has been the worst performer among sectoral indices over the last year, shedding 34.5 per cent, while the Sensex and the Nifty were down marginally
Hero MotoCorp and Honda Motorcycle and Scooter India saw volumes skid 23.22 per cent and 10.59 per cent, respectively
Vehicle sales across categories registered a decline of 12.34 per cent to 19,97,952 units from 22,79,186 units in June 2018, it added.
Auto companies in India count dispatches to dealers as sales
While total two-wheeler sales were down 5.9%, the domestic segment saw a drop of 8%
Cumulative sales of the top six manufacturers of two-wheelers were nearly 1.58 million units last month, from 1.88 million in the same month a year before
Cumulative sales at India's top five scooter and motorcycle makers dropped 5.73%
The overall registration volumes have been dragged down by the market leader Hero MotoCorp, which sells every second two-wheeler in the rural market, according to dealers
According to a dealer, the decline in registration volumes was mainly on account of market leader Hero MotoCorp, which normally sells a two-wheeler every second in the rural market
The sector has reported 11.1 per cent year-on-year volume growth in April-October 2019
Second-largest motorcycle player, HMSI, witnessed a 7% YoY decline in volumes
Hero's nearest competitor and former partner Honda sold 569,888 units, growing 5.65% over last September
Two wheeler makers had a ride different to the car manufacturers in June. Against a double digit decline in sale of passenger vehicles, most two wheeler makers reported a growth. The June performance is led by country's biggest two wheeler maker, Hero MotoCorp. Hero, TVS, Royal Enfield and Suzuki have reported a strong double digit growth in sales last month. A price cut from July post GST is expected to expand the market further.Hero MotoCorp, which sells every third two wheeler in the country, reported a growth of over 13 per cent in sales. Its motorcycle volume surged 13 per cent to 547,185 units while scooter sales rose 22 per cent to 77,000 units. Its stock rose more than two per cent to Rs 3,777 at the BSE. The company said growth in motorcycle was supported by wedding season demand.Its closest competitor and former partner Honda has clocked a four per cent growth in sales to 444,713 units. The company is country's second largest two wheeler player. Numbers for Hero and Honda ...
An uplift, upgrade or relaunch of a product has to contribute to overall sales to boost growth
The note ban-induced liquidity crisis had resulted in sales falling 11.3% from November to January