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Hero MotoCorp, HMSI, TVS Motor Post Sales Growth in June

Two-wheeler majors Hero MotoCorp, TVS Motor Co and Honda Motorcycle and Scooter India (HMSI) on Monday reported sales growth in June.

PTI

Updated:July 3, 2017, 10:20 PM IST
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Hero MotoCorp, HMSI, TVS Motor Post Sales Growth in June
Image used for representative purpose only. (File Photo)

New Delhi: Two-wheeler majors Hero MotoCorp, TVS Motor Co and Honda Motorcycle and Scooter India (HMSI) on Monday reported sales growth in June, managing to overcome purchase postponements by buyers due to speculations over tax rates ahead of GST implementation.

Pune-based Bajaj however, posted a decline of 25 percent in total two-wheeler sales.

The country's largest two-wheeler maker Hero MotoCorp reported 14 percent increase in sales at 6,24,185 units last month as against 5,49,533 units in June 2016.

Hero MotoCorp said its sales were driven by strong demand for its motorcycles and scooters. The company sold 5,47,185 motorcycles in June this year, up 13 percent over the corresponding month last year.

Besides, the company sold 77,000 scooters, registering a 22 percent growth over the year-ago month.

Similarly, Chennai-based TVS said its total two-wheeler sales grew by 11.8 percent at 2,68,638 units in June as against 2,40,236 units a year ago.

Scooter sales were at 90,448 units last month as compared to 67,590 units in June 2016 , up 33.8 percent.

Another major player in the segment, HMSI reported 4 percent increase in its total sales in June at 4,44,713 units as compared to 4,27,222 units in the same month last year.

The company said its scooters sales were up 2 percent last month at 2,71,017 units as against 2,65,361 in June last year.

Motorcycle sales were also up 2 percent at 1,45,481 units as compared to 1,42,618 units in the corresponding month last year, HMSI said.

On the other hand, Bajaj Auto reported 25 percent decline in total two-wheeler sales at 2,73,298 units in June as against 2,04,667 units in the same month last year.

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| Edited by: Bijaya Das
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