Royal Enfield motorcycle domestic sales grew in double-digits during July on a year-on-year (YoY) basis, while Hero Motocorp reported 9 percent growth and TVS Motor Co posted 18.7 percent rise in domestic sales.
Royal Enfield sales
For Royal Enfield, the rate of growth slowed down when compared to June volume sales, according to data released by Eicher Motors Ltd., the company that manufactures the motorcycle.
Domestic sales of the two-wheeler stood at 52,128 units in July 2016, up 31 percent from 39,587 motorcycles sold in July 2015. Exports grew at a higher clip of 40 percent to 1,250 units during the month from 893 units in July last year. Overall sales increased 31 percent to 53,378 units, YoY.
"The response to Himalayan- Royal Enfield's first adventure-tourer, has been extremely encouraging and it is now available for booking across the country," the company said in the statement.
Eicher Motors had posted 36 percent to 50,682 units in June 2016 as against 37,341 vehicles sold in June 2015.
For the four-month period ended July 2016, overall Royal Enfield motorcycle sales stood at 2,00,861 units, up 36 percent from 1,47,373 units sold during the corresponding period last year, according to the statement.
Shares of Eicher Motors Ltd. rose 6.38 percent to close at Rs. 22,420 apiece on the Bombay Stock Exchange on Monday.
The motorcycle division of Eicher Motors had posted robust growth in net profit and sales for the first quarter ended June 2016. Net profit rose 69.69 percent to Rs. 337 crore from Rs. 199 crore, YoY, while sales jumped 42 percent to Rs. 1,551 crore from Rs. 1,091 crore in the year-ago period.
TVS Motor Co motorcycle sales up, scoooter down
The company sold 2, 40,042 two-wheelers in July, up 15.4 percent from 2,08,044 units sold in July last year. Domestic two wheeler sales grew 18.7 percent to 2,05,605 units from 1,74,099 units in July 2015. Scooter sales declined to 68, 033 units in July 2016 as against 69, 626 units in July 2015. Motorcycles sales grew 23 percent to 95,062 units in July 2016 from 77,397 units in the month of July 2015.
Hero Motocorp
The Sensex company sold 5,32,113 units last month as against 4,87,580 two-wheelers in July 2015.
Story updated with additional details at 7.11 p.m.
