UK motorcycle manufacturer, Triumph Motorcycle has recorded a 10% year on year growth in retail sales in India.
In an interview with India-based newspaper, Economic Times, Shoeb Farooq, General Manager, Triumph Motorcycles India, said that “The company expects to close its June- July fiscal cycle with a marginal growth over last year, with the retail sales of 1,000 – 11,00 units.”
Adding to the statement, Shoeb said ET, “As the automakers are struggling with the two-wheeler and four-wheeler sales in India.” “The good part for us is that the whole momentum did not phase out immediately after Diwali, and also November looking good for us.”
Shoeb further added, “The slowdown hasn’t shown any significant impact on Triumph’s sales, but the weak consumer sentiment did impact the company’s dealership expansion plan by six months.”
“Where the company has planned to have 20 dealerships in the country in the next 18 months, including the cities like Guwahati, Goa, and two other locations in northeast and the south for upcoming dealerships.”