Honda outpaces Bajaj Auto to become 2nd-largest bike maker in April
Japanese auto major Honda has unseated Bajaj Auto to become second largest bikes-maker for the time in April, and has also moved within striking distance to overtake Hero as the country’s largest two-wheeler company.
“Driven by a 34% rise in overall volumes, we have become the No 2 motorcycle-maker in the country in April, unseating the incumbent by a wide margin (over 21,330 units). We sold 1,83,266 bikes in the month, up 22% from 1,50,711 units we had sold a year ago,” Honda Motorcycle & Scooter India senior vice-president, sales & marketing, YS Guleria told PTI on Monday.
As against this, Bajaj Auto saw its domestic sales plunge 19% to 1,61,930 units in April. With this, the Japanese two-wheeler major leads the Pune-headquartered company by a wide margin of 21,336 units, while it has narrowed the gap it has with the market leader Hero MotoCorp to just 12,377 units, making it within a striking distance from the numero uno crown.
The Japanese company began fiscal 2018 on a high note with a 34% spike in sales taking its volumes to a record high of 5,78,929 units, its best-ever monthly sales. As against this Hero MotoCorp saw its sales decline by 3.5% to 5,91,306 …read more