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Suzuki reports 30 per cent growth in March 2018

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Ranjan R. Bhat

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Suzuki reports 30 per cent growth in March 2018

- 51,808 two-wheelers sold in the last month

- Reports highest ever sales for a financial year

- Access 125 drives growth

Suzuki has announced a 30 per cent growth in March 2018 as compared to March 2017. The company sold 46,838 two-wheelers in the domestic market in the last month as compared to the 36,004 units sold in March 2017.

The export numbers however, experienced an 18 per cent drop in the same period. Nevertheless, thanks to the good response in the domestic market, the overall numbers grew by 23 per cent. As for 2017-18, Suzuki reported a 43 per cent growth in sales over 2016-17, achieving the highest volume in a financial year. The company shot past its target of five lakh two-wheelers, by selling 5.01 units. Comparatively, in 2016-17, Suzuki had managed to sell 3.50 lakh two-wheelers. The Access 125 has played an instrumental role in helping Suzuki achieve this feat. Including exports, Suzuki sold 5.74 lakh two-wheelers, which reflects a 36 per cent growth over the last year.

On the network front, Suzuki now has 1,028 touch points across the country of which 505 are exclusive dealerships. The company has fallen short of achieving the target of 1,087 touch points by the end of the financial year. In the next financial year, the company will be adding 200 more touch points.

Suzuki has shifted its focus from mass market motorcycles to scooters and premium motorcycles. With an aim to sell 10 lakh two-wheelers by 2019-20, the company will be introducing two new products every year. The locally-assembled GSX-S750 and the Access 125-based Burgman Street will be the company’s next two launches. 

 

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