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Scooter Segment Spurs Two-Wheeler Sector in the First Quarter of 2018 Fiscal

Posted on: Oct-2017 | By: MarketNReports | Automobile

Scooter segment of two wheeler market has similar importance what SUV has in passenger vehicle segment. India is turning out to be a favorable market for automakers. There is a drastic surge in the demand in these vehicle sub-segments compared to other segments.

Taking a glance at the overall sale in the first quarter in India, the reports state that the total sale of the two wheeler industry was 48, 96,170 units with 7.7% rise in the figures. The data itself indicates that it has grown so vast that it beats all the other segments of the automobile industry. While the other segments such as three wheelers and commercial vehicles reported Year-over-Year decline excluding the passenger vehicle segment that witnessed a growth of 4.38%, and it was the only segment along with two-wheelers to note positive figures in the period.

The scooter segment holds the share of 33.65%, which was 30.21% in fiscal 2017 quarter one. These figures highlight the rate of the growth in the two-wheeler industry.

Hero has successfully pushed its 110 CC Maestro into the listing of top 10 scooters in 2017. This has fostered the strength of the scooter market. In India, there are maximum three leading players in every sub-segment, which includes mopeds, motorcycles, and scooters.

Coming on to the HMSI (Honda Motorcycle & Scooter India), the company managed to sell around 16, 47,690 scooters, compared to 13, 72,388 units in 2016 quarter one.

Hero Motorcorp that is the dominating auto manufacturer in the two-wheeler segment reports a domestic sale of 30,54,987 units in the first quarter of 2017–2018 fiscal year, it witnessed a rise by 3.44% compared to the previous, which was 29,53,316 in the first quarter of fiscal year.

Further, TVS Motor Co holds the supremacy in the moped category. The automaker doesn't have a tough competitor as there is no OEM that manufactures such type of two-wheelers. It has seen a Year-over-Year drop of 10.92% with sales figures of 193,493 units in the first quarter of 2017–2018 fiscal year against 217,201 units in the first quarter of 2016–2017 fiscal year.