TVS Motor and Suzuki take big strides in India’s surging scooter market
While Honda remains unassailable with its band of six scooters, strong demand for the Jupiter helps TVS ride past Hero MotoCorp to be the new No. 2. Suzuki, meanwhile, is quietly increasing market share with its Access.
24 Oct 2017
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While the Jupiter has given a new charge to TVS' scooter fortunes, the Access is powering Suzuki's charge.
In a manner similar to the SUV market in India, accelerating demand for scooters is giving a leg up and more to the overall two-wheeler segment. For the ongoing fiscal half-year (April-September 2017), total scooter sales were 3,577,421 units, which marks smart 17.26 percent year-on-year growth and accounts for 34 percent of the total two-wheeler sales of 10,507,308 units including 6,508,952 motorcycles (+7.71%) and 420,935 mopeds (-5.63%).
While this a marginal 2 percent increase in its share of the overall two-wheeler market over the year-ago period, the growth road ahead points to a sharpening of demand for scooters across ...
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