Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) monthly scooter sales crossed the 4.50 lakh mark for the first time in July. The company sold 4,53,844 units during the month (domestic and exports) and in the process, increased its market share to 29.1 percent in the domestic market.
The company also said that its monthly exports touched a new high of 24,317 units.
HMSI's domestic scooter sales grew 16 percent to 4,29,527 units in July 2016 from 37,1,310 units in July 2015.
The company attributed the increased volume sales to the commissioning of its fourth plant.
"The new capacity of our fourth plant has given us wings to not only grow faster than the industry, but create 4 records in one month," Yadvinder Singh Guleria, senior vice president, Sales & Marketing, HMSI, said in a statement.
Motorcycle sales rose 7 percent to 1,20,383 units in July 2016 from 1,12,096 units in July last year.
The company expressed confidence of sustaining the momentum in the coming months.
"Crossing the 4.5 lac unit sales mark in July'16 and growing at 21% nearly double that of the total 2Wheeler industry in the first 4 months of FY'16-17 gives us more confidence of a bumper festive season ahead," Guleria said.
Yamaha sales rise 12 percent
India Yamaha Motor Pvt. Ltd. sold 65,244 units (India and Nepal) during July 2016, up 12 percent from 58,477 units last July, the company said in a statement.
"...scooter market is also growing in India, pointing out to the new customer trends...The newly introduced scooters, Cygnus Ray-ZR and Cygnus Alpha (disc brake variant) are well-accepted in the market. Yamaha's strong sales growth is indicating that the customer base has multiplied," Roy Kurian, vice president, Sales & Marketing, Yamaha Motor India Sales Pvt. Ltd. said.
Hero Motocorp volumes up 9 percent
Hero Motocorp sold 5,32,113 units last month as against 4,87,580 two-wheelers in July 2015.
