TVS Outsells Honda In March 2019 Two-Wheeler Sales
The two-wheeler quarter is an exceedingly competitive one in India and it’s been erstwhile Hero MotoCorp and Honda 2Wheelers leading on the front in terms of sheer volumes. While Hero’s lead remains undisputed, sales for March 2019 noticed a twist with TVS Motor Company outselling Honda for the month. The Hosur-primarily based corporation became the second best-promoting producer in March this year with 247,710 gadgets sold, as against Honda’s 222,325 devices offered at some stage in the equal length. The margin is a healthful 25,385 units between the companies.
For Honda, March 2019 noticed the organization report considered one of its lowest volumes, even as month-on-month income had been on a consistent decline in FY2018-19. The Activa maker witnessed sales drop via a whopping forty six.7 in line with cent, over 417,380 units offered in March 2018. While TVS too registered a drop in volumes for the month, the manufacturer’s income dropped by a possible 6.6 in keeping with cent with 265,166 devices offered in March last year. The second 1/2 of FY2018-19 has been mainly difficult for the car enterprise with a number of factors along with the additional coverage fee, marketplace instability, and weakening purchaser sentiment contributing to the decline in sales across both cars and two-wheeler categories. The ongoing elections are similarly anticipated to limit marketplace increase over the following couple of weeks.
In phrases of 12 months-on-yr income too, Honda’s volumes in FY2018-10 declined by 6.Forty five in line with cent with fifty-five,20,000 devices offered, as against fifty-nine,00,840 units all through the preceding fiscal. TVS, however, bought 37.57 lakh units in 2018-19, developing by way of 12 in line with cent over 33.67 lakh units sold in FY2017-18. The advent of recent merchandise and timely updates to the present range helped TVS file a strong growth in the remaining financial yr.
Honda’s sturdy factor stays scooter sales, which have collectively seen a drop in numbers and has been one of the main reasons for the business enterprise to peer a decline in growth. The Honda Activa, which stays its top-selling offering, registered a 17 consistent with cent decline in volumes in February this yr, at the same time as Grazia 125 scooter noticed a sixty-five according to cent decline in income for the same period.
The TVS NTorq one hundred twenty-five meanwhile recorded a 12 months-on-yr hike of 97 percent in sales in February 2019. It is also in all likelihood that Honda curled production of its offerings in a bid to clear out the present inventory, which remained a prime problem for dealers.
While Honda rests in 1/3 location in terms of volumes, the business enterprise could lose the placement to Bajaj Auto, which sits in the fourth region with a distinction of simply 2,000 devices in income. With the marketplace displaying symptoms of stabilization and an up to date product list with the addition of CBS and ABS, the volumes are predicted to witness a hike throughout all producers.