TVS beats Hero between April-February fiscal period in terms of scooter sales; sold 7,43,838 units
TVS Motors has overtaken Hero MotoCorp and became the second largest scooter manufacturer in the country. The Hosur-based two-wheeler manufacturer has achieved this feat during April-February period of the current fiscal year. According to SIAM data, TVS Motors has sold 7,43,838 units during this period, compared to 7,07,884 units in the corresponding period in previous fiscal year.
TVS Motors has marked an impressive 5.07% growth during the April-February period in 2016-17 FY. On the other hand, the Hero MotoCorp, which is the largest two-wheeler manufacturer in the country has sold 7,19,987 units of scooters during the same period compared to 7,31,967 units a year ago. This marked 1.64% decline in its sales record.
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While TVS Motors came up one position beating the Hero MotoCorp, the top position is retained by the Honda Motorcycle and Scooter India Ltd, thanks to its overwhelmingly popular Activa range of scooters. During the same April-February period, HMSI sold a total of 29,34,794 units of scooters compared to 25,44,872 units in the same period in previous FY. The two-wheeler manufacturer registered an impressive 15.32% sales growth in the scooter market.
TVS Motors current has a total of four scooters on offer, which are the Scooty Pep Plus, Wego, Scooty Zest and Jupiter. All of these scooters are pretty popular in the domestic market. On the other hand, Hero MotoCorp has a total of three offerings in the segment, which are – Pleasure, Duet and Maestro Edge. However, the Honda Activa is the bestselling model in the Indian scooter market for long time.
Honda Activa has been the bestselling model in the segment in February, 2017 with a 2,17,098 units, while at the second position was the TVS Jupiter with 51,817 units and Hero MotoCorp’s Maestro was at the third position with 32,421 units. Scooter sales in the country market has grown by 11.7% in the April-February period in current fiscal with a total of 51,17,997 units sold compared to 45,81,640 units in the corresponding period in last FY.