Ad
Ad
Suzuki Motorcycle India sells 99,377 units, up 12% YoY. Domestic sales surge 31%, exports drop 47%. Despite a 4% MoM decrease, domestic sales remain resilient amidst export challenges.
Key Highlights:
Suzuki Motorcycle India Pvt. Ltd. (SMIPL) concluded April 2024 with a total sales figure of 99,377 units, marking a 12% YoY increase compared to April 2023. However, exports experienced a decline of 47% on YoY basis compared to April, 2023. Despite a slight decrease of -4% in total sales compared to the previous month (March 2024), the domestic market continued to show resilience with a 2.2% MoM growth.
Speaking on the company’s sales performance, Mr. Devashish Handa, Executive Vice President, Sales, Marketing & After Sales, Suzuki Motorcycle India said, “We have had a very encouraging start this Financial Year with the month of April marking our highest ever domestic sale. As we experience continual growth in our sales volume, we are humbled and overwhelmed by the ever-increasing patronage that Brand Suzuki has been receiving from the Indian Two-Wheeler Customers. We would also like to thank each member of our Dealer Network and all our business associates without whose support and collaboration this accomplishment would not have been possible. We are determined to come up to the expectations of our customers and continue this momentum going forward as well.”
Particulars | April’24 | April’23 | Difference | Growth% YoY |
Domestic | 88,067 | 67,259 | 20,808 | 31 |
Export | 11,310 | 21,472 | -10,162 | -47 |
Total | 99,377 | 88,731 | 10,646 | 12 |
Domestic Sales: April 2024 witnessed a substantial growth of 31% in domestic sales compared to April 2023, with a total of 88,067 units sold. This surge indicates a strong market demand and reflects positively on Suzuki's brand presence and consumer trust in the Indian market.
Export Sales: While domestic sales flourished, exports experienced a significant decline of 47% YoY, dropping from 21,472 units in April 2023 to 11,310 units in April 2024. This downturn in exports may indicate various factors such as changes in global market demand, competition, or logistical challenges.
Ad
Ad
Particulars | April’24 | March’24 | Growth% MoM |
Domestic | 88,067 | 86,164 | 2.2 |
Export | 11,310 | 17,505 | -35 |
Total | 99,377 | 1,03,669 | -4% |
Domestic Sales: Though the company witnessed a slight decline in total sales in April 2024 compared to March 2024, the domestic market remained constant with a slight raise in sales growth of 2.2% MoM. This indicates a stable demand within the domestic market.
Export Sales: Talking about the export sales,, it has experienced a massive decline of 35% MoM, dropping from 17,505 units in March 2024 to 11,310 units in April 2024. This steep decline can be looked at as a temporary setback in the export market.
Though facing challenges in the export market, Suzuki Motorcycle has still showcased strong performance in domestic sales reflecting its robust market presence and customer loyalty. With innovative product launches, strategic marketing initiatives, and a dedicated dealer network, Suzuki has positioned itself well in the competitive Indian two-wheeler market.
Ola E-Bike Design Patent Leaked!
Ola Electric's latest move shakes up the electric vehicle market with a leaked patent image unveiling their upcoming motorcycle. Featuring a sleek design and promising performance, it's set to redefine urban mobility.
09-May-2024 04:24 PM
Read Full NewsOla E-Bike Design Patent Leaked!
Ola Electric's latest move shakes up the electric vehicle market with a leaked patent image unveiling their upcoming motorcycle. Featuring a sleek design and promising performance, it's set to redefine urban mobility.
09-May-2024 04:24 PM
Read Full NewsHonda April 2024 Sales Sees 45% YoY and 40% MoM Growth
Honda's April 2024 sales surged by 45% YoY, with 5.41 Lakh units dispatched. Domestic sales grew by 42%, exports by 67%, showcasing Honda's market dominance and strategic expansion.
07-May-2024 12:12 PM
Read Full NewsHonda April 2024 Sales Sees 45% YoY and 40% MoM Growth
Honda's April 2024 sales surged by 45% YoY, with 5.41 Lakh units dispatched. Domestic sales grew by 42%, exports by 67%, showcasing Honda's market dominance and strategic expansion.
07-May-2024 12:12 PM
Read Full NewsBajaj April 2024 Sales sees 18.68% YoY Growth
Bajaj Auto’s April 2024 sales report shows a notable 18.68% growth YoY, with domestic and export sales up by 19.32% and 17.60% respectively. The Pulsar NS400 launch is expected to further boost sales.
06-May-2024 06:53 PM
Read Full NewsBajaj April 2024 Sales sees 18.68% YoY Growth
Bajaj Auto’s April 2024 sales report shows a notable 18.68% growth YoY, with domestic and export sales up by 19.32% and 17.60% respectively. The Pulsar NS400 launch is expected to further boost sales.
06-May-2024 06:53 PM
Read Full NewsTVS Motor April 2024 Sales reached 3.03 Lakh Units- Raider, iQube, Ntorq
TVS Motor Company's April 2024 sales report reveals growth across segments, with slight declines. Motorcycle and scooter sales surged, while electric scooters exhibited remarkable growth.
06-May-2024 01:01 PM
Read Full NewsTVS Motor April 2024 Sales reached 3.03 Lakh Units- Raider, iQube, Ntorq
TVS Motor Company's April 2024 sales report reveals growth across segments, with slight declines. Motorcycle and scooter sales surged, while electric scooters exhibited remarkable growth.
06-May-2024 01:01 PM
Read Full NewsList of Upcoming Two-Wheelers Expected to Debut this April
Get ready for a wave of new two-wheelers hitting the Indian market this April. From Ather's family-friendly Rizta to BMW's powerhouse R 1300 GS, there's something for every rider.
01-Apr-2024 01:04 PM
Read Full NewsList of Upcoming Two-Wheelers Expected to Debut this April
Get ready for a wave of new two-wheelers hitting the Indian market this April. From Ather's family-friendly Rizta to BMW's powerhouse R 1300 GS, there's something for every rider.
01-Apr-2024 01:04 PM
Read Full NewsCarbike360 Weekly Wrap Up | New Launches, Government Policy and more
Discover the newest car and bike releases, government regulations, and other industry news on Carbike360 Weekly Wrap Up. Don't miss out on the latest updates!
17-Mar-2024 09:14 PM
Read Full NewsCarbike360 Weekly Wrap Up | New Launches, Government Policy and more
Discover the newest car and bike releases, government regulations, and other industry news on Carbike360 Weekly Wrap Up. Don't miss out on the latest updates!
17-Mar-2024 09:14 PM
Read Full NewsAd
Ad
Mercedes-Benz AMG G-Class
₹ 3.60 Cr
Mercedes-Benz E-Class
₹ 78.50 - 92.50 Lakh
Volvo EX40
₹ 56.10 Lakh
BYD eMax 7
₹ 26.90 - 29.90 Lakh
Nissan Magnite
₹ 6.00 - 11.66 Lakh
Skoda Kylaq
₹ 8.00 - 12.00 Lakh
Maruti New Dzire
₹ 7.00 - 10.00 Lakh
Mahindra Bolero 2024
₹ 10.00 Lakh
BYD Seagull
₹ 10.00 Lakh
MG Gloster facelift
₹ 40.00 - 45.00 Lakh
Ad
Ad
Ad