New Delhi: 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% 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% in the same period.
The total scooter market had declined by 16.94% to 31,17,433 units in the first half of the ongoing fiscal as compared to 37,53,064 units a year ago, as per SIAM.
As for market leader HMSI, scooter sales stood at 17,32,579 units as compared to 21,82,860 units in the same period last fiscal, down 20.62%.
Second placed TVS Motor sold 5,98,617 units in the April-September period as against 6,44,981 units, a decline of 7.19%.
India Yamaha Motor continued to be in the fifth spot with a sales of 1,57,483 units as compared to 1,98,385 units in the corresponding period last fiscal, a decline of 20.61%, according to the SIAM data.