Two-wheeler sales on a high
Starting with the country's largest two-wheeler maker, Hero Honda, which reported a 10% increase in sales for the month of March. HH sold 3,53,342 units as against 3,20,594 units the same month last year.
Overall in the last fiscal, the auto major managed to sell 37,22,000 units as against 33,37,142 units, thereby effecting a growth of 12%. Hero Honda Motors Managing Director and Chief Executive Officer Pawan Munjal said that the firm would continue expanding its two-wheeler customer base by exploring markets across geographies - rural as well as urban - and across customer segments.
The company said with the performance in the fiscal year 2008-09 it now commands a share of over 57 per cent in the over 75,00,000-units domestic market. The big gainer last month was Yamaha (IYM) and rightly so expressed their delight with the firm's excellent performance. The company registered an impressive growth of 45.3 % in the sales. IYM sold 14558 units in March 2009 as against 10022 units in March 2008.
Mr. Yukimine Tsuji, CEO & MD, India Yamaha Motor said, "Despite the recent slowdown affecting the consumer's purchasing power, Yamaha has registered an impressive growth with FZ-16, YZF-R15 and the recently introduced FZ-S catching the imagination of biking aficionado"
[Via: BIKE]