Suzuki Motorcycle India closed FY2018-19 very close to its target of 7,50,000 unit sales. The Indian arm of the Japanese two-wheeler brand clocked its highest ever sales and sold 7,47,506 units in FY2018-19, registering a year-on-year growth of 30% over previous fiscal - 5,74,711 units in 2017-18.
The company clocked 28% growth in March, selling 67,025 units as against 52,167 units in the corresponding month last year. In the domestic market, Suzuki Motorcycle India registered 58,701 units sales in March 2019, as against 46,848 units in March previous year – recording a growth of 25% growth.
Suzuki Motorcycle India expanded its line-up with the launch of new products. The company added the 125 cc Burgman Street to its scooter portfolio. The middleweight motorcycle segment witnessed the arrival of GSX-S750 and V-Strom 650XT. The company introduced the track-only DR-Z50, RM-Z250 and the RM-Z450 as well. Moreover, it introduced CBS (Combined Braking System) and ABS (Anti-lock Braking System) as the new regulation across the line-up.
Speaking about the sales performance for FY2019, Devashish Handa, Vice President, SMIPL said:
We are enthralled to achieve our determined sales target of 7.5 lakh unit sales in FY2018-19 and are looking forward to the year for a newer landmark. Suzuki’s well-balanced product portfolio in both motorcycle and scooter segment has helped in achieving our fiscal sales target. Access 125 continued to be the highest grossing product for Suzuki in the country. Increased presence of Suzuki’s products on Indian roads is a testimony of our customer’s immense trust and confidence in the brand. Various campaigns throughout the year have struck a chord with the consumer. Trust of our partners in the growth of the brand is visible through a rapidly growing network that now stands at 1,137 touchpoints pan India. Encouraged by this, we look forward to achieving 10 Lakh unit sales target for the financial year 2019-2020.
Apart from nearly achieving its sales target, the company also made another production milestone, rolling out the four millionth vehicle from its plant in Gurgaon, Haryana.