Mahindra Two Wheelers sales grow 279% in August 2010
Mahindra Two Wheelers, a part of the US $7.1 billion Mahindra Group, has further consolidated its presence in the two wheeler segment, with record sales of 15,165 units in August 2010. Mahindra Two Wheelers today announced that its sales for the month of August 2010 stood at 15165 units, as against 4005 units in August 2009, an increase of 279%. Total cumulative sales from April to August 2010 stood at 54261 units, as compared to 12948 units for the same period last year, an increase of 319%.
"We are very happy with the response to our Power Scooters. Consumers have laid their trust in brand Mahindra which has helped us grow more than 75% in the last four months. We have been achieving several milestones. Just a couple of months ago, we crossed a landmark figure of 1,00,000. Our efforts to come closer to consumers are also bearing fruit as we now have more than 370 dealer ships across the length and breadth of the country." said Mr. Anoop Mathur, Sector President and Member of Group Executive Board Mahindra & Mahindra.
Mahindra 2 Wheelers' Power Scooters cater to a range of consumer segments. The Mahindra Rodeo with its very innovative, contemporary features is popular amongst the Indian youth, while the Mahindra Duro is positioned as a family scooter. The Flyte is the Indian woman's two-wheeler of choice.
[Via: Infibeam]
TVS aiming to double scooter sales
Riding on the recently launched scooter Wego, TVS - General Manager, S Srinivas is expecting an increase in revenue this fiscal year as compared to the previous one. The growth rate is expected to be double as compared to the previous fiscal year. The estimate revenue figures of this fiscal year is expected to be between Rs.1,500 to Rs.1,600 crores as compared to Rs.800 crore in the previous year. The TVS Wego was launched around September 2009 and has majority of the TVS hopes riding on its shoulders, focusing on women mobility and independence. The scooter comes with a 110cc engine and priced at Rs.41,762 per unit.
According to Mr. S Srinivas the two wheeler sales in India is upswing and TVS has managed to sell 25,000 units per month in the previous year, this year however expectations have been almost doubled to 40,000 units per month! In other news, TVS is also planning to launch a new motorcycle in the entry level segment early July 2010. The two-wheeler major hopes that the new small capacity bike would add to the company's sales volume.
[Via: BikeIndia]
Two Wheelers Witness Increase In Sales
India's largest two wheeler manufacturer, Hero Honda has reported an increase in its sales for the month of April 2010 at 3,71,652 units as against 3,70,575 units during April 2009. This is the 16thtime in a row when the company has sold more than 3 lakh bikes in a month. The company achieved this feat despite an acute shortage of batteries for over 15 days which left around 50,000 fully built bikes stranded at the factory. It is known that earlier last month, there was an agitation at the Exide's Bawal facility. However, according to the company officials, the issue has been resolved. On the similar lines, second largest two wheeler giant, Bajaj Auto registered an 84 percent growth during the month at 2,76,095 units as compared to corresponding month of the previous fiscal. The company sold 1,49,733 units during April 2009. Following the same trend, the third largest two wheeler manufacturer, TVS Motors' sales for the month rose by 28 percent to 1,44,689 units as against 1,13,119 units from April 2009.
On the other hand, Yamaha Motors reported a growth of 42 percent in its monthly sales of 24,960 units against 17,576 units sold during April 2009. The newly launched entry level YBR 110 merged with the FZ series with refreshed shades are expected to boost the sales further for the company in the coming months. Yamaha targets attaining a share of 20 percent in the 150cc and above segment by the year end. Suzuki Motorcycle, too, reported a growth of 53.22 percent growth in the month's sales. The company sold 20,771 units during April 2010 as compared to 13,556 units during April 2009. Officials from Suzuki credit their GS150R and Access 125 for the increased growth in sales.
Further, Mahindra two wheelers reported a whopping growth of 460 percent to 9009 units during the month as against 1609 units during the corresponding month from the previous fiscal. Rodeo, Duro and Flyte are believed to be doing wonders for the company. However, the vertical growth for the month is a result of a low base of 1609 units from April 2009.
[Via: BIKE INDIA]
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