Suzuki Two Wheeler Sales reached 95,762 units in January 2024

Key Highlights:

• Suzuki's total sale for January 2024 reached 95,762 units
• Domestic sales accounted for 80,511 units, whereas exports amounted to 15,251 units.

In January 2024, Suzuki Motorcycle India witnessed robust sales performance, marking a double-digit year-on-year growth of almost 13%. The total sales stood at 95,762 units, showcasing a significant increase compared to the same period last year. This report aims to delve deeper into the sales figures, analysing both month-on-month (MoM) and year-on-year (YoY) growth rates across domestic and export markets.

Devashish Handa, EVP – Sales, Marketing and After Sales, Suzuki Motorcycle India said, “Suzuki Motorcycle India continues its upward trajectory, showcasing sustained growth. This achievement reflects our unwavering commitment to excellence and customer satisfaction. We extend our sincere gratitude to our loyal customers, valued business partners, and dedicated team members for their steadfast support, contributing to our sustained success.”

Suzuki Two Wheelers MoM Growth 

Domestic Sales: In January 2024, Suzuki Motorcycle India witnessed a surge in domestic sales, with figures reaching 80,511 units compared to 69,025 units in December 2023. This represents a significant MoM growth of 16.64%..

Export Sales: The export segment also experienced a substantial MoM growth, with sales soaring to 15,251 units in January 2024 from 10,458 units in December 2023. This translates to an impressive growth rate of 45.83%.

Total Sales: Combining domestic and export sales, Suzuki Motorcycle India achieved a total sales figure of 95,762 units in January 2024, marking a remarkable MoM growth of 20.48%. This indicates a strong overall performance and reflects the company's ability to meet the evolving needs of customers across different markets.

Suzuki Two Wheelers YoY Growth 

Domestic Sales: In January 2024, Suzuki Motorcycle India showed a remarkable increase in domestic sales, with figures reaching 80,511 units. This represents a substantial year-on-year growth of 21.60%.

Export Sales: Despite the robust performance in the domestic market, Suzuki Motorcycle India encountered challenges in the export segment. Export volumes saw a decline of 18.69% compared to January 2023, with figures standing at 15,251 units.

Total Sales: The total sales figures for January 2024 reached 95,762 units, reflecting a year-on-year growth rate of 12.7%. While the domestic market drove overall growth, the decline in export volumes tempered the overall performance.

Verdict

Suzuki Motorcycle India's sales performance in January 2024 demonstrates significant growth momentum, with total sales reaching 95,762 units, marking a double-digit year-on-year increase of nearly 13%. Robust domestic sales, highlighted by a 21.60% year-on-year growth, underscore the company's strong market presence and customer demand. However, export challenges, indicated by an 18.69% year-on-year decline, present areas for strategic consideration.
 

Also Read: Bajaj Two Wheelers Registered 36% Growth in Sales of January 2024