TVS Outsells Honda In March 2019 Two-Wheeler Gross sales

The 2-wheeler sector is a extremely aggressive one in India and it has been erstwhile Hero MotoCorp and Honda 2Wheelers main on the entrance by way of sheer volumes. Whereas Hero's lead stays undisputed, gross sales for March 2019 noticed a twist with TVS Motor Firm outselling Honda for the month. The Hosur-based firm turned the second best-selling producer in March this 12 months with 247,710 models offered, as in opposition to Honda's 222,325 models offered throughout the identical interval. The margin is a wholesome 25,385 models between the businesses. Additionally Learn: TVS Home Gross sales Fall By 6.59% In March 2019 For Honda, March 2019 noticed the corporate report one in every of its lowest volumes, whereas month-on-month gross sales have been on a gradual decline in FY2018-19. The Activa maker witnessed gross sales drop by a whopping 46.7 per cent, over 417,380 models offered in March 2018. Whereas TVS too registered a drop in volumes for the month, the producer's gross sales dropped by a manageable 6.6 per cent with 265,166 models offered in March final 12 months. The second half of FY2018-19 has been significantly tough for the auto trade with a variety of components together with the extra insurance coverage price, market instability, and weakening buyer sentiment contributing to the decline in gross sales throughout each vehicles and two-wheeler classes. The continued elections are additional anticipated to limit market development over the subsequent couple of weeks. Scooters gross sales took successful in volumes in FY2018-19 with the top-selling Activa additionally noticed a drop in volumes When it comes to year-on-year gross sales too, Honda's volumes in FY2018-10 declined by 6.45 per cent with 55,20,000 models offered, as in opposition to 59,00,840 models throughout the earlier fiscal. TVS, then again, offered 37.57 lakh models in 2018-19, rising by 12 per cent over 33.67 lakh models offered in FY2017-18. The introduction of latest merchandise and well timed updates to the prevailing vary helped TVS report a powerful development within the final monetary 12 months. Additionally Learn: Honda Two-Wheelers Home Gross sales Down By 6.45% In FY2018-19 Honda's robust level stays scooter gross sales, which have collectively seen a drop in numbers and has been one of many essential causes for the corporate to see a decline in development. The Honda Activa, which stays its top-selling providing, registered a 17 per cent decline in volumes in February this 12 months, whereas Grazia 125 scooter noticed a 65 per cent decline in gross sales for a similar interval. The TVS NTorq 125 in the meantime, recorded a year-on-year hike of 97 per cent in gross sales in February 2019. It is usually possible that Honda curled manufacturing of its choices in a bid to filter out the prevailing stock, which remained a significant concern for sellers. Whereas Honda rests in third place by way of volumes, the corporate might lose the place to Bajaj Auto, which sits in fourth place with a distinction of simply 2,000 models in gross sales. With the market exhibiting indicators of stabilisation and an up to date product listing with the addition of CBS and ABS, the volumes are anticipated to witness a hike throughout all producers.