industry

UK’s Triumph Motorcycles retail sales up 10% in India


MUMBAI: British motorcycle marque Triumph has registered a 10% year-on-year growth in retail sales in India during the September to November period, even as its wholesale numbers fell marginally.

Shoeb Farooq, general manager at Triumph Motorcycles India, told ET that the company expects to close its July-June fiscal cycle with a marginal growth over last year, with retail sales of 1,000-1100 units. Automakers in India have been struggling with sales of two-wheelers and four-wheelers for some time now.

Farooq said, “The good part is that the whole momentum did not phase out immediately after Diwali. November is also looking good for us.”

While the slowdown hasn’t shown a significant impact on Triumph’s sales, weak consumer sentiment did result in the motorcycle maker deferring its dealership expansion plan by six months. The company plans to have 20 dealerships in the country in the next 18 months. It has identified Guwahati, Goa and two unspecified locations in the northeast and the south for the upcoming dealerships. On Thursday, the company launched its flagship motorcycle ‘Triumph Rocket 3’ in India.





READ SOURCE

Leave a Reply