Suzuki reports a profit for quarter
While many big auto makers are feeling the heat of the recession and facing losses, Suzuki is one of the few auto makers who are in the black. It actually made a profit of $ 59 million in the last quarter, which is still 27% less than its previous year's profits.
This is largely due to its sales in India - Maruti Suzuki sold a little less than 65,000 of its cars in April. Alto, A-Star, Swift and DZire have boosted the company's sales in India and this in turn has helped Suzuki avoid a loss.
In Europe and the US Suzuki has made losses, but the Indian sales figures have helped the company overall. However, Suzuki is not optimistic about the full year's figures, given the slump in the auto market and the increasing value of the yen, which makes exports difficult and reduces their profits.
[Via: globalmotors]
Two-wheeler sales on a high
Starting with the country's largest two-wheeler maker, Hero Honda, which reported a 10% increase in sales for the month of March. HH sold 3,53,342 units as against 3,20,594 units the same month last year.
Overall in the last fiscal, the auto major managed to sell 37,22,000 units as against 33,37,142 units, thereby effecting a growth of 12%. Hero Honda Motors Managing Director and Chief Executive Officer Pawan Munjal said that the firm would continue expanding its two-wheeler customer base by exploring markets across geographies - rural as well as urban - and across customer segments.
The company said with the performance in the fiscal year 2008-09 it now commands a share of over 57 per cent in the over 75,00,000-units domestic market. The big gainer last month was Yamaha (IYM) and rightly so expressed their delight with the firm's excellent performance. The company registered an impressive growth of 45.3 % in the sales. IYM sold 14558 units in March 2009 as against 10022 units in March 2008.
Mr. Yukimine Tsuji, CEO & MD, India Yamaha Motor said, "Despite the recent slowdown affecting the consumer's purchasing power, Yamaha has registered an impressive growth with FZ-16, YZF-R15 and the recently introduced FZ-S catching the imagination of biking aficionado"
[Via: BIKE]
Bajaj Auto reports 33% decline in sales
At 119,215 two-wheelers sold in December 2008, Bajaj Auto registered a 33% decline in sales over December 2007, when it sold 177,249 units. Motorcycle sales were down from 176,441 units in December 2007 to 118,510 units in December 2008.
For the April-December 2008 period, BAL's total motorcycle sales were down 8% at 1,534,149 units, against 1,660,182 units in the corresponding period in 2007. Bajaj intends to deal with the slowdown in demand by launching a range of new bikes and new variants of existing bikes.
The aim, for BAL, is to launch one new two-wheeler every month, for the next six months. While bike sales have gone down, BAL's three-wheeler sales actually went up by 3%, with the company selling 22,948 units in December 2008, compared to 22,221 units in December 2007.
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