INDIAN MARKET PASSES 7 MILLION MARK
April 19 2006.
Indian motorcycle sales by three major manufacturers, including Honda Motor Co.'s local subsidiary, surged 18.1% in the year through March 2006 as the market apparently surpassed 7 million units for the first time.
India is the world's second-largest motorcycle market after China. Honda's Indian subsidiary, Hero Honda Motors Ltd., saw sales soar 14.5% to 3,000,751 units, topping 3 million for the first time.
Elsewhere, sales grew 26.4% to 2,028,000 units at second-ranked Bajaj Auto Ltd. and 15% to 1,342,000 at TVS Motor Co., the third-largest manufacturer.
Overall, sales reached more than 6,409,135 units from April 2005 through the end of February 2006. The figures for all of fiscal 2005, which are slated for release soon, are certain to exceed the 7 million mark, according to industry sources.
The local motorcycle market is expected to heat up further as Suzuki Motor Corp., the largest automaker in India, specializing in compact vehicles, has resumed marketing motorbikes for the first time in four years.
Prior to its March launch of local motorcycle production, Suzuki established a nationwide sales network of 36 outlets. The company is using its local subsidiary to gradually expand the regions where it will sell new motorcycles equipped with 125cc engines. Aiming to expand the sales network to some 70 locations in April, Suzuki is aiming for sales of 100,000 units in the first year.

Source: Nikkienet.