New Delhi, Jan. 27 (PTI): A booming motorcycle business accelerated two-wheeler sales by 21 per cent in the domestic market during the first nine months of this fiscal. Though scooter and mopeds continued to ride in negative territory.
A total of 37.1 lakh two-wheelers were sold during April-December 2002-03 as against 30.6 lakh units in the same period last year, data compiled by the Society of Indian Automobile Manufacturers (SIAM) showed.
Motorcycles and step-thrus sales grew by 36.9 per cent year-on-year to 28 lakh units over 20 lakh units due to growing sales of Hero Honda Motors, Bajaj Auto and TVS Motor Company.
Hero Honda, the world’s largest motorcycle maker, posted a 24.3 per cent jump at 12.6 lakh units (10.1 lakh units) while its closest rival, Bajaj Auto, posted a 29.5 per cent growth at 6.50 lakh units (5.02 lakh units).
Chennai-based TVS Motor, whose sales have been soaring since the launch of 110cc motorcycle Victor, posted a robust 77.9 per cent growth to 5.35 lakh units (three lakh units).
The Indian subsidiary of Japanese two-wheeler major, Yamaha, witnessed a 52.1 per cent increase to 2.28 lakh units (1.50 units).
Pune-based Kinetic Engineering posted a 26.5 per cent growth at 39,768 units (31,436 units). Kanpur-based LML, which rolled its first deluxe commuter segment 110cc motorcycle Freedom, witnessed a rise of 104.1 per cent to 68,518 units (33,565 units).
Sales of high-powered motorcycle maker, Royal Enfield, went up by 19 per cent to 18,989 units (15,951 units).
Notwithstanding the boom in motorcycle segment, scooter and scooterette sales fell by 8.68 per cent to 6.50 units (7.12 units) as market leader Bajaj Auto posted a 27.7 per cent decline at 2.62 lakh units (3.63 lakh units). However, TVS Motor posted a 4.1 per cent rise at 1.20 lakh units (1.15 units) while sales of Honda Motorcycle and Scooter India, a wholly-owned subsidiary of Japanese auto major, Honda, went up by 227.6 per cent to 1.05 lakh units (32,121 units).