Hero is the market leader in Indian two wheeler segment, but witnessed a 4.24% reduction in their sales. While Honda had marked a 14.24% rise in their sales. Notable increment had been shown by Yamaha at 36.05% and Royal Enfield at 46.53%. Piaggio registered 149.75% increase in sales with 12,280 units sold during q1 fy 2013-14 as against 4917 units during same period of previous financial year. The strikes at Chakan Plant of Bajaj has adversely affected their two wheeler production and they marked 7.57% decline in sales.
Hero also lost some market share and now stay with 43.77% while Honda’s share had risen to 20.36.
Source: Autobei
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