Business

Motorcycle sales up in six months

The Vietnam Association of Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 million vehicles in January-June 2017, representing a year-on-year rise of 6 percent.
Motorcycle sales up in six months ảnh 1The Vietnam Association of Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 million vehicles in January-June 2017 (Illustrative image. Source: http://bestplus.vn)
Hanoi (VNA) – The Vietnam Associationof Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 millionvehicles in January-June 2017, representing a year-on-year rise of 6 percent.

The VAMM members include Honda Vietnam, PiaggioVietnam, Suzuki Vietnam, SYM Vietnam and Yamaha Motor Vietnam.

VAMM President Yano Takeshi said the automaticbikes make up 45 percent of the market share and this will be the strongestgrowth segment in the coming time when the average per capita income goes up.

At a ceremony to review business performance heldin Hanoi recently, General Director of Honda Vietnam Toshio Kuwahara revealedthat the total motorcycle sales in the fiscal year 2017 reached nearly 3.14million vehicles, posting an annual increase of 8 percent.

Of which, Honda Vietnam sold 2.17 million units,up nearly 7 percent against the previous fiscal year and accounting for about70 percent of the domestic market share, he said.

The growth of automatic bikes was 52 percent,compared to 48 percent of geared motorcycles.

Businesses are still focusing on producing bothautomatic and geared bikes to meet the demand of customers in both urban andrural areas.-VNA

VNA
#Vietnam Association of Motorcycle Manufacturers #VAMM #vehicles #Honda Vietnam #Piaggio Vietnam #Suzuki Vietnam #SYM Vietnam #Yamaha Motor Vietnam
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