Change in emission norms dragged impacted demand, leading to price drop
Company says it has identified 108 cities in southern and western India-the two regions it will focus on first--for setting up distribution centres for its scooters
Few of these companies are offering services like home delivery of sanitised vehicles, apart from sanitisation kits
Demand for the Eats business grew 89 per cent in April, excluding India, and we've seen an enormous acceleration in demand since mid-March, Khosrowshahi said
The company gets just around 10 per cent of its overall volumes from motorcycle sales
Suzuki Motorcycle India Pvt Ltd (SMIPL) has overtaken Hero MotoCorp to be the third largest scooter maker by sales in the first half (H1) of the current fiscal, according to a latest data by auto industry body SIAM. Honda Motorcycle & Scooter India (HMSI) continues to be the undisputed leader in the segment followed distantly by Chennai-based TVS Motor Company. In April-September this fiscal, SMIPL sold a total of 3,41,928 units of scooters as compared to Hero MotoCorp's 2,49,365 units, as per Society of Indian Automobile Manufacturers (SIAM) data. During the comparable period a year ago, SMIPL had sold 2,91,847 units as compared to Hero MotoCorp's 3,91,019 units. In terms of growth, SMIPL saw its scooter sales grow by 17.16 per cent in April-September this fiscal -- the only scooter maker among top the top five manufacturers to post positive numbers. Hero MotoCorp, on the other hand, witnessed a decline of 36.23 per cent in the same period. The total scooter market had declined
Bounce has already crossed 100,000 rides per day in Bengaluru; this puts it at par with global players such as scooter-rental companies Lime and Bird
TVS Motor co, which is the second largest scooter maker in India by sales sold 12,41,366 units in FY19 as compared to 10,99,133 units in FY18, a growth of 12.94%
While the top three scooter makers including Honda, Hero and TVS, did not comment, dealers and analysts have attributed the drop mainly due to customer decision to postpone the purchase
Motorcycles, which had grown at just 8 per cent in the first five months of FY18, have climbed up almost 15 per cent this year
Data reveal that in traditional agrarian states, the growth of scooters has come at the cost of motorcycle sales
Domestic scooter market has expanded 25% in first April-May of FY18 to 1.15 million units
Five companies get more volumes from scooters than motorcycles
One of every five two-wheelers sold in villages is a scooter