Hero MotoCorp widens gap over Honda in two-wheeler sales in FY19

Hero said it has been able to keep sales higher during FY19 through forays into premium motorcycle segment with the launch of the 'Xtreme 200R'

Hero MotoCorp stretched its lead to around 2 million units over rival and erstwhile partner Honda in two-wheeler sales in 2018-19 amid a slowdown in the domestic market.

In the fiscal year ended March 31, the homegrown two-wheeler major sold 78,20,745 units as compared to 59,00,840 units sold by Honda Motorcycle and Scooter India (HMSI), according to the latest sales figures issued by the companies.

In the fiscal 2017-18, Hero MotoCorp sold 75,87,130 units, while HMSI sold 61,23,877 units. Thus, Hero's lead over HMSI increased by 19,19,905 units in FY19 as compared to 14,63,253 units in FY18.

Hero said it has been able to keep sales higher during FY19 through forays into premium motorcycle segment with the launch of the 'Xtreme 200R' and the fast growing 125cc scooter segment with Destini 125, besides existing models.

On the other hand, HMSI, which had declared its ambition to be the number one two-wheeler maker in India by 2020 overtaking Hero, said challenging and disruptive second half of 2018-19 significantly wiped off the two-wheeler industry growth of first half.

HMSI cited issue such as increased insurance premium in September 2018 dampened festival sentiments, and pre-festival stock buildup was converted into high inventories for the two-wheeler industry.

The company said it had re-aligned supplies with domestic demand to correct inventories and support its dealer partners.

In FY19, Pune-based Bajaj Auto maintained its position as the third biggest two-wheeler maker in India with sales of 42,36,873 units as against 33,69,334 units in the previous fiscal, a growth of 26 per cent.

TVS Motor Co said it sold 3.7 million units in 2018-19 as compared to 3.36 million units in the previous year, a growth of 12 per cent.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel