Japanese auto giant Honda has become the third largest two-wheeler maker in the Indian market that stood at 1.34 crore units in 2011-12 by displacing the Chennai-based TVS Motor Company.
New Delhi: Japanese auto giant Honda has become the third largest two-wheeler maker in the Indian market that stood at 1.34 crore units in 2011-12 by displacing the Chennai-based TVS Motor Company.
According to latest figures released by Society of Indian Automobile Manufacturer (SIAM), the wholly-owned subsidiary of the Japanese firm -- Honda Motorcycle & Scooter India (HMSI) -- sold a total of 19,96,320 units of two-wheelers in FY'12.
In contrast, rival TVS Motor sold a total of 18,95,500 two-wheelers in last fiscal, SIAM said.
In 2010-11, TVS was ranked the third largest two-wheeler maker with a total sales of 17,64,956 units, while HMSI had sold 15,51,378 units.
The top two positions remained unchanged with homegrown firms Hero MotoCorp and Bajaj Auto maintaining their respective ranks.
In the last fiscal, Hero MotoCorp sold 60,69,280 units, while the rival Pune-based Bajaj Auto sold 25,66,757 units.
SIAM said the total Indian two-wheeler market grew by 14.16 percent to 1,34,35,769 units in 2011-12 from 1,17,68,910 units in the previous fiscal.
During the last fiscal, HMSI gained in both scooter and motorcycle segment by registering growth of 37.08 percent and 17.28 percent at 12,24,599 units and 7,71,721 units respectively.
While TVS Motor's sales in scooter segment grew by 14.13 percent at 4,96,896 units, it witnessed a fall of 1.65 percent at 6,21,738 units in the motorcycle segment.
TVS Motor's moped sales increased by 11.39 percent in FY'12 at 7,76,866 units.