TVS, Suzuki, Piaggio Gain Market Share In Scooter Segment In FY19

April 16,2019

As per the latest data shared by SIAM (Society of Indian Automobile Manufacturers), scooter sales in India stood at 67,01,469 units in 2018-19 as against 67,19,909 units in the year-ago fiscal, a decline of 0.27% but TVS Motor Co, Suzuki Motorcycle India, and Piaggio have gained market shares in FY19.

TVS Motor co grew by 12.94% and sold 12,41,366 units in FY19 as compared to 10,99,133 units in FY18. The company's market share increased to 18.52% in 2018-19 from 16.36% in 2017-18.
Suzuki Motorcycle India Pvt Ltd (SMIPL) sales grew by 46% at 6,15,520 units as against 4,21,539 units in FY18. SMIPL's scooter market share thus improved to 9.1% in FY19 from 6.27% in FY18.
Piaggio Vehicles posted a growth of 14% in its scooter sales in the domestic market last fiscal at 77,775 units as against 68,169 units in the previous year. It's market share also increased marginally to 1.16% in FY19 from 1.01% in FY18.

On the other hand, market leader Honda Motorcycle and Scooter India (HMSI) sold 36,80,403 units in FY19 as against 38,21,542 units in the previous year, a decline of 3.7%, as per SIAM data. HMSI's scooter market share dipped to 54.91% in FY19 from 56.86% in FY19.

Hero MotoCorp also witnessed a decline in market share to 10.73% in FY19 from 13.14% in FY18. The company had sold 7,19,087 units in FY19 as against 8,83,667 units in FY18, a decline of 18.62%.

India Yamaha Motor posted a decline of 12.15% at 3,64,879 units in FY19 as against 4,15,321 units in the previous fiscal, according to SIAM. The company's scooter market share also dropped to 5.44% the last fiscal from 6.18% in FY18.

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Author - Mastan Basha