TVS beats Hero Motocorp in Scooter Sales in FY18 – The Trend Continues – Will Hero Ever Reach Top-Spot Again?
TVS beats Hero Motocorp in Scooter Sales in FY18 by almost 50,000 units as it continues to rise and Hero doesn’t show signs of keeping up
TVS Motor Company, the Chennai based automaker, famous for producing scooters such as TVS XL, TVS Wego, TVS Scooty Pep and bikes such as TVS Victor and TVS Apace RTR, has surpassed the sales of Hero Motocorp, to become the second largest scooter seller in India.
As per the information received by SIAM (Society of Indian Automobile Manufacturers), TVS Motor Company sold 249,077 units in April-June of FY18 and has beaten the sales of Hero Motocorp, which sold 209,790 units.
The company said that to maintain the growth, they have exciting plans for the scooter segment. The company has also launched new colour options for both TVS Wego and TVS Jupiter, while the remaining ones are offering most colour selections.
The TVS Scooty Zest and Scooty Pep+gets a new matte colour series. TVS also claims that there will be launching a new scooter this fiscal.They also said that the TVS Jupiter has been one of the biggest contributors for the success of the company.
However, Hero Motocorp saw a decline rate of 0.51% in the scooter sales. We have no information regarding why. The shocking fact is that, Hero Motocorp and Mahindra 2-Wheelers were the only companies that saw a decline in the sales in the first quarter.
On the other hand, companies like Honda Motorcycle and Scooter India, Yamaha Motors, Piaggio Vehicles, and others have recorded a decent growth in the first quarter.
The largest seller in the First quarter of FY2018 goes to HMSI, with the sales recording upto 973,725 units and growing at a rate of 22.15%. In the premium scooter segment, Piaggio vehicles which is the segment leader, has grown by 90.96% in the First Quarter, at 13752 units thanks to the Aprilia SR150 scooter.
As the traffic conditions are growing worse these days, people are preferring scooters as they are easy to handle in traffic. We expect the scooter industry to grow a lot in the near future.