CHENNAI: Two-wheeler majors TVS Motor Company and India Yamaha Motor closed November with increased sales as compared to November last year.
TVS Motor Company closed the month with a sales growth of 12 per cent, selling 175,535 units compared to 157,041 units in the same month of the previous year.
The company's cumulative sales for the April-November, 2011, period grew by 12 per cent with sales of 1,499,612 units against 1,341,106 units recorded in the previous comparable period.
In its statement, the company Thursday said in view of the overall slowdown in economic growth, high inflation, increase in fuel prices and interest rates, there will be some moderation in the sales growth in two-wheelers over the next 3-6 months.
The company sold 172,829 two-wheelers last month in comparison with 153,882 units recorded in November 2010.
The company shipped out 24,271 units last month, logging 53 per cent growth over 15,850 units sold in November 2010.
However, in the three-wheeler segment, the company logged lower sales at 2,706 units last month as compared to 3,159 units sold in November 2010.
Cumulative TVS three-wheeler sales for the period of April-November 2011 grew by 21 per cent with sales of 29,524 units compared to 24,363 units registered during the same period of the previous year.
On the other hand, Japanese two-wheeler maker India Yamaha Motor Pvt Ltd closed November selling 39,162 units, up by 29 per cent as compared to November 2010 sales of 30,130 units.
Jun Nakata, director, sales and marketing, India Yamaha Motor, said: "We are very happy with the consistent sales growth that we've been witnessing this year. The new YZF-R15 version 2.0 along with FZ and SZ series is driving our sales in both domestic and export markets."
He said the company is planning to expand its sales and service network in tier II and III cities.
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Showing posts with label TVS Motors. Show all posts
Showing posts with label TVS Motors. Show all posts
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Tuesday, July 26, 2011
Honda Motorcycle, Bajaj Auto, TVS Motors dealers offering freebies with cash benefits
NEW DELHI: After a gap of more than four years, freebies are back in the two-wheeler market. Dealers are wooing customers with cash benefits and lower interest rates to get some traction on sales.
Although the two-wheeler market is still going strong with double-digit growth, a few bikes are facing the heat on declining customer interest and have joined the discount bogey.
For instance, sales ofHonda Motorcycle and Scooter India's premium 110cc bike, CB Twister, priced at an ex-showroom price of Rs 49,775 in Delhi, have been sluggish due to competiton from biggies like Hero Honda's Splendor that comes at a lower price of Rs 41,350.
Dealers are thus offering discounts of up to Rs 3,500 in select markets on the CB Twister.
"We are offering some benefits to reduce our stocks as the market has been slowing with retail sales getting impacting and cautious customers postponing their purchase decisions," a central Delhi-based Honda dealer said. The market has not been impacted much by rising fuel prices as by surging interest rates which have shot to over 22-24% in the past one year, rising by around 4%.
"The interest rates for two-wheelers has risen more compared to cars as the risk is high though the total value of vehicle is much lower. There are a few models where dealers are vying for customers attention by discounting rates," a top executive ofHDFC Bank said. The benefits are mainly coming from dealers as companies maintain that they have not initiated any freebies yet.
"The two-wheeler market is still going strong and we do not see any reason to offer any benefits now," said head of marketing atBajaj Auto, Milind Bade. However, the company's 100cc entry level bike, Discover, is being offered at 0% rate of interest. Analysts tracking the market say that discounts from dealers are precursor to what the company may offer in few months.
The dealers ofTVS Motors is luring customers with a few insurance and road tax benefits in certain markets on their 110 cc Star City bike with deal benefits of up to Rs 1500.
Although the two-wheeler market is still going strong with double-digit growth, a few bikes are facing the heat on declining customer interest and have joined the discount bogey.
For instance, sales ofHonda Motorcycle and Scooter India's premium 110cc bike, CB Twister, priced at an ex-showroom price of Rs 49,775 in Delhi, have been sluggish due to competiton from biggies like Hero Honda's Splendor that comes at a lower price of Rs 41,350.
Dealers are thus offering discounts of up to Rs 3,500 in select markets on the CB Twister.
"We are offering some benefits to reduce our stocks as the market has been slowing with retail sales getting impacting and cautious customers postponing their purchase decisions," a central Delhi-based Honda dealer said. The market has not been impacted much by rising fuel prices as by surging interest rates which have shot to over 22-24% in the past one year, rising by around 4%.
"The interest rates for two-wheelers has risen more compared to cars as the risk is high though the total value of vehicle is much lower. There are a few models where dealers are vying for customers attention by discounting rates," a top executive ofHDFC Bank said. The benefits are mainly coming from dealers as companies maintain that they have not initiated any freebies yet.
"The two-wheeler market is still going strong and we do not see any reason to offer any benefits now," said head of marketing atBajaj Auto, Milind Bade. However, the company's 100cc entry level bike, Discover, is being offered at 0% rate of interest. Analysts tracking the market say that discounts from dealers are precursor to what the company may offer in few months.
The dealers ofTVS Motors is luring customers with a few insurance and road tax benefits in certain markets on their 110 cc Star City bike with deal benefits of up to Rs 1500.
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