Supported by strong demand, Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, continues its upward sales growth.
Sales during April 2023 – March 2024
For the first time, SMIPL’s two-wheeler sales have crossed the 11 lakh mark. Recording the highest-ever sales of 11,33,902 units in FY24, SMIPL has achieved a double-digit growth of 21% against 9,38,371 units sold in FY23.
The company’s domestic sales have registered a 26% growth from 7,30,756 units in FY23 to 9,21,009 units in FY24. SMIPL’s export volume in FY24 grew by 3% to 2,12,893 units from 2,07,615 units exported in FY23.
Total sales in March 2024
SMIPL sold a total of 1,03,669 units in March 2024, up by 6.2% from 97,584 units in March 2023. With 18% growth in the domestic market, SMIPL’s sales closed at 86,164 units in March 2024 compared to 73,069 units in March 2023. Its exports closed at 17,505 units in March’24 compared to 24,515 units in March’23.
Speaking on the company’s sales performance, Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “We are extremely thankful to all our customers, dealer partners, suppliers and SMIPL team members for their support in achieving the highest ever sales in FY24.”
He added, “SMIPL’s performance in FY2023-24 showcases the immense trust and confidence that customers have shown in Suzuki two-wheelers. As we continue to innovate and expand our offerings, we look forward to further strengthening our position in the Indian two-wheeler market.”
“Furthermore, it continues its strong growth curve for consecutive months. With a focus on customer hospitality and satisfaction, we aim to sustain this growth momentum in the future.”
FY24 was a noteworthy year for Suzuki Motorcycle India. The company expanded its V-Strom family with the launch of the 800DE, marking the company’s first 800cc-class motorcycle in India. Additionally, the company updated its entire domestic line-up with an E20-compliant engine.
