Thursday, April 25, 2024
HomeNEWSINTERNATIONALSUZUKI REGAINS SOME LOST GROUND

SUZUKI REGAINS SOME LOST GROUND

After first-quarter slaughter from the initial Covid-19 pandemic surge, Suzuki Motor Corporation’s motorcycle business has shown a degree of progress in half-year results to the end of September.

Six months into its fiscal year, Suzuki bike revenue was 29.6% down to £654.6m. That culminated in an operating loss of £26.8m, versus a slim operating profit of £12.8m in the same period of 2019. However, £21.7m of the aforementioned loss had been incurred during Q1.

The brand’s global bike sales volume has fallen by 23.2% to 675,000. Within that, Asian emerging markets including India were responsible for 514,000 of them, retreating by 28.5%.

Developed markets fared better. European sales were 11.5% down to 23,000. But North America actually boasted a 47.6% increase to 31,000. Japanese domestic sales flatlined on 27,000.

Suzuki’s full-year sales forecast is for a 13.5% decline to 1.478 million bikes. Asia is expected to be 15.9% lower at 1.181 million. Europe should be static on 41,000, while a 22.9% increase to 43,000 is anticipated for America.    

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