While Hero MotoCorp and Bajaj Auto continued to remain the top leaders in two-wheeler sales in India, Honda displaced TVS Motor to become the third largest seller of two-wheelers in the country.
According to the figures released by Society of Indian Automobile Manufacturer (SIAM), Honda Motorcycle & Scooter India (HMSI), a wholly owned subsidiary of Japanese company Honda, sold 19,96,320 units during the financial year 2011-12.
Honda pipped TVS Motor, which sold 18,95,500 two-wheeler units during the financial year 2011-12. For the first time, the Japanese auto major became the third largest seller of two-wheeler units in the country after the Indian origins – Hero MotoCorp and Bajaj Auto.
A total of 1.34 crore units were sold in 2011-12 compared to 1.17 crore units in 2010-11, a significant jump of 14.5 per cent on a year-on-year basis.
In 2010-11, Honda had sold 15,51,378 units in the country. The current sales figures is a significant improvement of 22 per cent on a year-on-year basis.
Honda gained significant market share in both its scooter as well as motorcycle segment as it registered sales growth of 37.08 per cent and 17.28 per cent at 12,24,599 units and 7,71,721 units respectively.
In 2010-11, Chennai based TVS Motor sold 17,64,956 units.
While it was not all dull for TVS Motor, as it registered an increase of 11.39 percent in the moped sales in 2011-12 compared to 2010-11. 7,76,866 units were sold in the financial year 2011-12.
The scooter sales for TVS Motor were also encouraging as the sales grew by 14.1 percent at 4.96,896 units. However, it could not maintain its position in the top league as the sales in the motorcycle segment declined by 1.65 percent in 2011-12 at 6,21,738 units.
Hero MotoCorp and Bajaj Auto registered sales of 60,69,280 units and 25,66,757 units respectively to maintain number one and number two positions in the two-wheeler market.