Honda is now the second largest manufacturer in India: Here’s who they overtook to take second spot!

During the April-September period this fiscal, HMSI sold a total of 10,48,143 motorcycles in the domestic market registering a growth of 19.8 per cent.

By: | Updated: October 24, 2017 12:22 PM
Honda CBR650F Honda CBR650F

Honda Motorcycle and Scooter India (HMSI) has raced past Bajaj Auto to become the second biggest bike seller in India during the first half of the ongoing fiscal. During the April-September period this fiscal, HMSI sold a total of 10,48,143 motorcycles in the domestic market registering a growth of 19.8 percent. On the other hand, Bajaj Auto sold 10,10,559 units witnessing a decline of 10.45 percent, according to the latest data from Society of Indian Automobile Manufacturers (SIAM). In the comparable period last fiscal, HMSI sold 8,74,852 units as against Bajaj Auto's 11,28,425 units. Market leader Hero MotoCorp continued its hold on the segment selling 33,44,292 units in the first half of the fiscal as against 30,34,504 units in the year-ago period, a growth of 10.2 percent. However, in the scooters segment, the company has lost its second spot to Chennai-based rival TVS Motor Co. Hero MotoCorp's scooter sales in the April-September period this fiscal stood at 4,43,321 units as against 4,48,321 units in the same period last fiscal, down 1.12 percent. TVS Motor Co, on the other hand, sold 5,66,362 units as compared to 4,00,804 units in the corresponding period last year, a jump of 41.3 percent.

The company also gained in the motorcycles segment clocking 4,84,370 units during the period under review, up
4.32 percent from 4,64,318 units in April-September period last fiscal. The other major gainer in the motorcycle segment was Royal Enfield, which sold a total of 3,78,304 units in the first half of FY18 as against 3,07,150 units in the year-ago period, up 23.17 percent. In the scooters segment, Suzuki Motorcycle India Pvt Ltd was a major gainer, selling 2,02,771 units as against 1,25,318 units in the corresponding period last fiscal, up 61.8 percent, as per SIAM data. It is now the fifth biggest player in the segment after India Yamaha Motors which sold 2,26,249 scooters during the period as against 2,38,241 units in the year-ago period, down 5 percent.

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