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Motorcycles forecasted to sell less in FY 2013 according to SIAM

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  • Motorcycles forecasted to sell less in FY 2013 according to SIAM

    Society of Indian Automobile Manufacturers (SIAM) expects motorcycle sales to grow by a measly 3-5% in 2012-13.

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    This is following the slowdown in Automobiles and also in commercial vehicles, which is expected to grow at 0-2%.

    SIAM had earlier expected the two wheeler market to grow by 5-7%, but due to poor sales, the forecast has been reduced.

    This slowdown has affected all the two wheeler manufacturers, but the largest manufacturers are the most effected. Yamaha and Suzuki are growing above market averages.

    Source: SIAM cuts FY13 motorcycle sales growth forecast - The Economic Times

  • #2
    Thread Approved
    Advice is a form of nostalgia.
    Dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it's worth.

    Antz Travelz!! | South India Exploration Ride | Leh Triplog (Work in progress)

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    • #3
      Companies Should stop whining and focus more on consumer centric products. Learn how to beat slowdown from Mahindar Cars. When everyone reported decreased sales they report 20 % increase.

      Introduce new products and not just sticker job. Provide better finance and improve quality. Asking 20k to 40k down payment for every bike is not going to work.

      Find new categories to introduce products. There is a good market for 150CC scooters, touring scooters, Touring bikes, automatic bikes. > 300 CC bikes. Quads and many more. Why shy away from these? India has huge potential If only these companies learn to utilize that..

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      • #4
        ^^ you are right somewhat...companies should venture into new segments, offer attractive schemes, better finance options etc...

        but demand can hardly be created if a particular company's sales are growing at a pace much higher than overall market growth rate that means that particular company is eating into some other company's sales.

        btw, the thread title is somewhat odd as compared to the news.
        Last edited by princesirohi; 01-11-2013, 11:47 PM.
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