While several segments of the automotive sector experienced a slowdown in demand, two-wheelers continued to post better overall sales figures in July with a 13.2 per cent growth from four manufacturers.
Hero MotorCorp (formerly known as Hero Honda Motors), the world's largest two-wheeler manufacturer, reported a 14.8 per cent growth at 491,036 units, compared to 427,686 units in July 2010. The market leader suffered production constraints during the reporting month because the company had to close its Haridwar unit for a few days, a release said.
Anil Dua, senior vice-president (marketing & sales), Hero MotoCorp, said: “This start has clearly set an upbeat tone for the new company. We are confident that Hero MotoCorp will now make rapid strides to further strengthen its leadership by continuing to launch innovative products and following a customer-centric approach. We are looking to ride our current buoyancy into the festive season by launching our new identity, innovative products and engaging campaigns.”
The country's third largest two-wheeler maker TVS Motors reported a 12 per cent growth in July at 160,348 units in the domestic market, against 143,039 units sold in the same month a year back.
Honda Motorcycle and Scooter India, the fourth largest two-wheeler maker, posted an overall growth of 10 per cent in sales during the reporting month at 152,382 units, compared to 138,445 units sold in the same month a year earlier.
Mahindra Two Wheelers (MTWL) posted sales of 13,012 units.for the month — up eight per cent, compared to 12,033 units sold in the corresponding month a year ago. The company sells four scooters in the Indian market.
