Indian Two-Wheeler Market scored the deepest fall in years in April with sales declined 16.6% and with year to date figures down in double-digit. However, while Hero and Honda lost terrain, TVS and Bajaj Auto gained volumes and share, both reporting a substantial gain in their global sales. KTM is the premium brands leader, while Harley Davidson is struggling.
World Motorcycles market has lost over 5% in the first quarter 2019, mainly due to the simultaneous fall of the two largest markets, India and China. The best region was the European, boomed a dramatic 23%, while ASEAN grew as well, thanks to Indonesia +15%. Latin America is losing despite the positive trend of the Brazilian market.
Brazilian Motorcycles Market was the fastest growing market in the 2018 among the Top 25 global markets and started the 2019 with a robust +15.6%, consolidating the leadership in Latin America and the 8th place in the global ranking. Under the Honda dominion, Suzuki booms 166% and Triumph kept growing.
Bajaj Auto kept growing in the Q1 2019, despite the domestic market fall. Growing 9.4% the company scored the record Q1, increasing volume in India and ASEAN, while finally starting operations in Europe, mainly in East countries. Latam sales fell down, hit by the crisis in Argentina and Ecuador.
TVS Motor is the third largest Indian two and three-wheeler manufacturer and 5th largest company Worldwide. In the Q1 2019 sales increased despite the fall of the domestic market projecting the achievement of the 8th all time record in a row. Meantime, TVS is very active investing in IT technology and EVs and announced the purchase TagBox, a supply chain and machine learning platform company
Indonesian Motorcycles market boomed in the first quarter 2019 reporting sales up 15%. The market benefit from the impressive +19% reported for the market leader Honda, while the key competitor, Yamaha, has lost terrain. The full year is now projected over the 7.0 million units.
Peru Motorcycles Market started the 2019 with a moderate decline after the quite positive end of the 2018, the best year in this decade. Sales at February felt 1.9% mainly due to the trimotors decline. The market is stable despite the negative effect of the ISC tax, which increased duties by 10% since May 2018. While over 300 brands are fighting in the market, Honda dominates.
Latin America motorcycles market in the 2018 grew up 6% at 3.8 million units and was the fastest growing region globally. The region benefit from the fast recovery of the Brazilian market. Honda is the top player, followed by Italika, Yamaha and the fast growing Bajaj.
Chinese Motorcycles Market keep struggling in the 2019 reporting a huge fall after the first quarter. Sales declined 12% despite introduction on several new electric scooters in the market and the full year is now projected to lose almost 1.5 million units.
Argentine Motorcycles Market is collapsing hit by the economic and financial crisis and in the first four months of the 2019 have lost 48% of volume, being the worst market globally. Honda has consolidated the leadership while Zanella dropped in third place, overtaken by Motomel. The italian Benelli is leader among the premium brands, while KTM is losing only 9%.
Colombian Motorcycles industry in ready to welcome people from 30 different countries when the XIII Feria Dos Ruedas which today is opening confirming the rule as the most relevant event in the entire Latin America, with 400 stands and over 60.000 visitors between today and next sunday.
Harley-Davidson just released the Q1 2019 figures (it is quoted at NYSE) and we have been really surprised to read the report, as they have affirmed to have beaten their expectations, while reporting sales down 12.3% and net income down 26.8%. The question is: which damn expectations they had?
Ecuador Motorcycles Market in deep fall during the first quarter 2019, following the outstanding performance scored in recent years. Hit by a deceleration in the domestic demand and cloudy economy, the market ended the quarter with 28.980 sales, down 30.9%. The market leader is the Chinese Shineray with 17.4% of market share, followed by Suzuki.
Sri Lanka Motorcycles Market felt down 2.6% in the 2018 posting the fourth decline in a row. The country ranks as the sixteen in the MCD Global Motorcycles Ranking. The market is a feud for Bajaj Auto which dominate with over 60% of market share. 2019 outlook is almost negative.
Kymco Motorcycles has not pushed the brakes on the global expansion plans despite the Q1 2019 figures declined 10% hit by Taiwanese market fall. Outstanding performance were reported in Germany, France, Colombia and Spain. The company just announced the plan to open a new production facility in the Philippines.
Vietnam Motorcycles Market felt down 6% in the first quarter 2019, following four years of stable growth. While on top of the list Honda was stable all others top player have lost, with Yamaha down 20%. Benelli shines among importers while the new e-scooter Vinfast Klara achieved early success.
Taiwan Motorcycles Market kept falling during the first quarter 2019, despite the huge increase reported by the e-scooter segment, with the growth of the new star Gogoro. Total domestic market is reported at 193.645 units, down a huge 18.1%, with Yamaha losing more than any other.
Thailand Motorcycles Market started the 2019 losing moderately while the full year outlook is still positive. Honda, market leader, was stable, while strong performance were reported by Piaggio and Harley Davidson. Following the record established last year, BMW is struggling and Ducati as well.
European Motorcycles Market confirmed in March the almost positive start of the 2019, with sales up 17.8%, ending the first quarter with near 20% increase. Sales are collected through local Ministers of Transportations and covers 37 markets, including Turkey and Russia.
Iran motorcycles industry was topping the World a decade ago when sales reached the 1.5 million per year. Then, the introduction of limits to the two-wheeler emission killed the local industrial system, boosted the price of imported models and resulted in a collapse not yet ended. In the 2018, the market hit the lower level in the last 30 years, just over the 100.000 units.
Hyosung is a South Korean motorcycles brand, active since the 1978. Headquartered in Changwon, a South East coastal Korean city, it is the leader in the home-country and distributed in 60 countries in the World.