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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