Yamaha, Hero Honda, Suzuki and TVS log growth in sales
Yamaha India has reported an increase of 63% in its sales during August 2009, at 19,508 units, as compared to 11,974 units sold in August last year. The company has bookings for over 12,000 units for its latest bike that was launched in India recently - the 150cc Fazer.
Hero Honda reports an increase of 35.88% in sales during August this year, at 415,137 units, as compared to 305,516 units sold in August last year. 'With sales of more than four lakh units, August 2009 has been a month of record sales for Hero Honda,' said Anil Dua, senior VP (marketing and sales), Hero Honda.
Up next is Suzuki, which logged a 17.68% increase in its two-wheeler sales in India during August this year, at 13,030 units, as against 11,072 units sold during August last year. According to Suzuki, its latest offering in the Indian market - the GS150R - was the main reason behind this increase in sales.
And finally, TVS Motor, which saw its total two-wheeler sales go up by 11%, at 126,842 units during August this year, as against 114, 321 units sold during August last year. TVS sold 51,127 motorcycles and 28,582 scooters in the domestic market during August 2009. The company also exported 11,747 two-wheelers during August this year, a decline of 35% over last year's figure for the same month.
[Via: indiaautomotive]
Hero Honda on growth path, posts Rs 402 crore profit
India's largest two-wheeler manufacturer, Hero Honda posted a profit of Rs 402.2 crore during the quarter ended 31st March 2009. This figure represents a 35% increase over the Rs 298.7 crore in profits, which the company earned in the year-ago period.
Hero Honda's sales for the quarter stood at Rs 3,411.8 crore, a 22.34% increase over sales of Rs 2,788.65 crore which the company netted in Q4, FY 2007-08.
According to Hero Honda, a high percentage of its sales come from rural and semi-urban areas, where customers tend to buy vehicles on full cash down basis rather than opt for bank loans or finance schemes. Hence, sales haven't been severely affected by the ongoing credit crunch.
Hero Honda has also implemented significant cost-cutting measures, hence boosting profitability, and the company also benefited from tax savings due to the location of its newest factory near Haridwar, in Uttarakhand. Finally, the fact that steel and aluminium prices have come down also helped the company in lowering overall cost of production, increasing the company's profit margins in the process.
Hero Honda earned Rs 12,319.12 crore during 2008-09, a 19.2% growth over the year-ago figure. The company's net profit for FY 2008-09 stood at Rs 1,281.8 crore, a 32.4% increase over its profits in the previous financial year.
Between the 1st of April 2008 and the 31st of March this year, Hero Honda sold 3.7 million units (including domestic sales and exports), a 12% growth over sales in the year-ago period. The 12% growth is especially significant in light of the fact that the entire two-wheeler industry in India grew by only 3% in the same period.
[Via: indiaautomotive]
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