New Delhi: Scooter sales that saw a dump in a month of May for Honda Motorcycle Scooter India (HMSI) are approaching to arise in Q2 on a behind of direct from college goers.
“July- Aug are enlightened months for boost in scooter sales each year. The initial entertain of each financial year is to a certain border good for motorcycles as it is a matrimony season,” YS Guleria, comparison VP-sales and selling told ETAuto.
The attention gifted a extrinsic decrease of 1.39 percent in a scooter shred down from 563,326 units sole in May 2017 to 555,467 units in May 2018.
The scooter portfolio for Honda dipped from 334,168 units in May 2017 to 327,167 units while for another two-wheeler maker, India Yamaha Motor saw a slip from 36,543 units in May 2017 to 29,092 units this May.
While HMSI is gunning for a double-digit expansion in FY19 in a two-wheeler portfolio, scooters will minister 67-68 percent of a share of a sum business.
Rural markets are approaching to reason onto a poignant grant of 33 percent of a sum two-wheeler basket.
Guleria confirmed that solely for 3 states where a volumes are not significant, expansion of scooters vessel India has been aloft than motorcycles for HMSI and for a industry.
The cow belt states of Uttar Pradesh, Bihar and Rajasthan browbeat a 110cc bike shred and representation in with 25 percent of a sum two-wheelers sole in a country. But in FY18 they gifted a dump in a settlement of motorcycles sole by 1 percent compared to FY17.
These 3 states together comment for roughly 80 percent of a altogether motorcycles sold. In FY17 a grant stood during 80 percent, though in FY18 it dipped to 79 percent. Still motorcycles continue to say clever expansion movement in these states while a all India grant to two-wheelers is pegged during 62 -63 percent.
“There has been a reconstruction in farming sentiments and in certain shopping function over a final 6 months that is benefitting motorcycles generally during Q1FY19. This duration coincides with a matrimony season. The initial entertain always sees a certain traction and even in a month of Jun there will be certain traction for bikes. We are going to see a small aloft grant in Q1 from these states both towards sum motorcycles and a sum dual wheeler industry. Hence, we should not review a formula of a shopping settlement and function as an altogether trend in a country,” combined Guleria.
He bats for a 4-5 percent arise in motorcycle sales from a cow belt states holding a final figure upto 83-84 of a altogether bike marketplace in a nation and for HMSI due to a seasonality quotient.
The association has already announced skeleton to deposit Rs 800 crore during a stream financial year to boost a double-digit expansion during FY19 besides a launch of a slew of new models and upgrades.