Honda has just become the third largest two-wheeler maker in the Indian market by replacing TVS with numbers that stood at 1.34 crore units in 2011-12. According to latest figures released by Society of Indian Automobile Manufacturer (SIAM), Honda Motorcycle & Scooter India (HMSI) sold a total of 19,96,320 units of two-wheelers in the financial year 2012. In contrast, TVS Motor sold a total of 18,95,500 two-wheelers, SIAM said. In 2010-11, TVS was ranked the third largest two-wheeler maker with a total sales of 17,64,956 units, while HMSI had sold 15,51,378 units.
The top two positions remained unchanged with homegrown firms Hero MotoCorp and Bajaj Auto maintaining their respective ranks. In the last fiscal, Hero MotoCorp sold 60,69,280 units, while the rival Pune-based Bajaj Auto sold 25,66,757 units. SIAM said the total Indian two-wheeler market grew by 14.16 per cent to 1,34,35,769 units in 2011-12 from 1,17,68,910 units in the previous fiscal. During the last fiscal, HMSI gained in both scooter and motorcycle segment by registering growth of 37.08 per cent and 17.28 per cent at 12,24,599 units and 7,71,721 units respectively. While TVS Motor’s sales in scooter segment grew by 14.13 per cent at 4,96,896 units, it witnessed a fall of 1.65 per cent at 6,21,738 units in the motorcycle segment. TVS Motor’s moped sales increased by 11.39 per cent in FY’12 at 7,76,866 units.
