Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan saw a modest growth for FY2020.
Between the period of April 2019 to March, 2020, Suzuki sold 7,90,397 bikes compared to 7,47,506 units sold in the corresponding period last year. That’s an increase of 5.7 percent. Suzuki Motorcycle India registered 40,636 unit sales (Domestic + Exports) until March 22, 2020, that was followed by a production halt due to Covid-19 as per Government directives.
Commenting on the sales performance, Mr. Koichiro Hirao, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “We are pleased to close this financial year on a positive note with 5.7% growth amid the precautionary measures taken in the wake of the Covid-19 pandemic. We attribute this growth to our dealer partners for their determination and exceptional support further translating into customer trust and love. At present, our first and foremost priority is to ensure the health and safety of the employees and all stakeholders. As the industry fights the Covid-19 pandemic by implementing shutdowns and taking precautionary measures, we believe that industry will overcome this difficult time and bounce back with positive growth in the coming months.”
Suzuki Motorcycle India was the only manufacturer to show growth for FY2020, but its still the fifth-largest manufacturer by sales volume. Ahead of it are Hero MotoCorp, Honda, TVS, and Bajaj.
It hard to comment on the future, but the introduction of Suzuki’s Gixxer 250 series, as well as the Access 125 and Burgman Street scooters (which are both BS6-compliant) is what the company needs to have a successful FY2021.
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