Suzuki Motorcycle India Records 59% YoY Sales Growth in February 2024, More Than 83,000 Units Sold

Suzuki Motorcycle India has reported overall sales of 97,435 units, a growth of 38 per cent in February 2024 over the corresponding period of the last financial year. Last month's domestic sales accounted for 83,304 units, an increase from 52,451 units sold in February 2023. However, exports declined, with sales going from 18,170 units to 14,131 units in February 2024. Also, a look at the January 2024 sales performance tells us that the two-wheeler subsidiary of Suzuki Motor Corporation closed January 2024 with cumulative sales of 95,762 units, posting a 13 per cent increase over the corresponding period of the last financial year. Of these sales, the company sold  80,511 units within the domestic market while exporting 15,251 units globally during the same month.

Mr Devashish Handa, Executive Vice President – Sales, Marketing and After Sales, Suzuki Motorcycle India Pvt. Ltd. said, "In February 2024, SMIPL accomplished production of one million units, thus achieving full utilization of the plant’s annual production capacity in less than a year. Furthermore, it continues its strong growth curve for the eleventh consecutive month. These achievements demonstrate the positive sentiment in the buyer’s mindset and the support of our valued business partners & dedicated team members. With a focus on customer satisfaction, we aim for sustaining this growth momentum in the future."

Suzuki Access 125 Hits 10 Lakh Unit Production Milestone

In related news, the company has crossed a new milestone in the financial year 2023-24 by rolling out the 1 millionth two-wheeler off its Kherki Dhaula factory in Gurugram, Haryana. This marks the full utilisation of the plant's annual production capacity within a year. The 10,00,000th model to roll off the line is the Suzuki Access 125, featuring a dual-tone Pearl Shining Beige colour scheme. The milestone comes within a year after Suzuki's top-selling model achieved a 5 million (50 lakh) unit production milestone (in July 2023) – which was achieved 16 years after the factory commenced operations in 2007. 

The Suzuki Access 125, first introduced in September 2007, comes powered by a 124cc, single-cylinder, air-cooled engine that produces 8.58bhp at 6,750rpm and 10Nm of peak torque at 5,500rpm. The scooter is available in three variants in the Indian market – Standard, Special Edition, and Ride Connect, priced at Rs 79,899 for the Drum Brake, Rs 85,800 for the Disc Brake, and Rs 90,500 for the Disc Brake with Alloy Wheel, respectively. Meanwhile, the Standard Edition Disc Brake variant costs Rs 84,300. The prices are ex-showroom, Delhi. In terms of market rivalry, it goes up against the TVS Jupiter, Honda Activa, and Yamaha Fascino in the 125cc segment.