Two wheeler makers had a ride different to the car manufacturers in June. Against a double digit decline in sale of passenger vehicles, most two wheeler makers reported a growth. The June performance is led by country's biggest two wheeler maker, Hero MotoCorp. Hero, TVS, Royal Enfield and Suzuki have reported a strong double digit growth in sales last month. A price cut from July post GST is expected to expand the market further.Hero MotoCorp, which sells every third two wheeler in the country, reported a growth of over 13 per cent in sales. Its motorcycle volume surged 13 per cent to 547,185 units while scooter sales rose 22 per cent to 77,000 units. Its stock rose more than two per cent to Rs 3,777 at the BSE. The company said growth in motorcycle was supported by wedding season demand.Its closest competitor and former partner Honda has clocked a four per cent growth in sales to 444,713 units. The company is country's second largest two wheeler player. Numbers for Hero and Honda ...
An uplift, upgrade or relaunch of a product has to contribute to overall sales to boost growth
The note ban-induced liquidity crisis had resulted in sales falling 11.3% from November to January