One of the largest two-wheeler manufacturers, Yamaha Motor India, announced a growth of 21 percent in the sales of January 2015. Over this period, company has foreseen a growth of more than 20 percent of its sales that clearly raises the firm’s bar in the stock market.
Registering a domestic sale of 39,309 unit in the country, the company observed a significant gain from 32,534 units in the corresponding period of January 2014. However, the year-end was more beneficiary to Yamaha India as it sold over 44,000 units in the month December 2014 as compared to just 39,777 units in December 2013.
“The incessant growth reinforces our belief in our business and strategic outlook. We are happy with our gradual growth and are extremely positive about 2015 with our new launches and innovative customers connect programs. Leveraging on the same, we will garner major sales and will be able to post some record numbers in the coming months. Upbeat about the future, we are eager to replicate and improve upon our last year’s achievements in 2015 too,” said Roy Kurian, vice president, sales and marketing, Yamaha Motor India Sales Pvt. Ltd.
However, on the other end, General Motors India was sliding down in its reports with a decline of 16.01 percent in the sales. The automobile company said that they had registered a sale of only 4,667 units in January 2015, compared to 5,557 units in the same period.
General Motors India vice president P Balendran said: “The withdrawal of excise duty benefits has significantly affected demand during the previous month. High interest rates and weak economic fundamentals continue to put pressure on car purchases.”
One of the key reasons for General Motors India to report a decline is the interest rates. If they were to be reformed, company might foresee some huge profits in the upcoming months. Another possible reason is the company’s performance in the markets around the world. Over the year, company has made several recalls in the US and other countries, which unarguably hits the company’s reputation among consumers worldwide.