Honda retains its lead in sales from April 2015 to March 2016, with 2.03 million, or 120,000 more than in fiscal year 2015.
Nearly 2.9 million motorcycles were sold in fiscal year 2016, from April 2015 to March 2016, by members of the Vietnam Association of Motorcycle Manufacturers (VAMM), up 7 per cent compared to the previous fiscal year.
VAMM is yet to release specific sales figures for its five members but Honda Vietnam (HVN) reported holding 70 per cent of the market in fiscal year 2016.
According to Mr. Minoru Kato, General Director of the HVN, fiscal year 2016’s sales reached 2.03 million, 120,000 more than in fiscal year 2015.
Figures show that Vietnam’s motorcycle market in fiscal year 2016 did not fluctuate a great deal so the market share among manufacturers is therefore expected to see no significant change compared to 2015, when Honda led the market and was followed by Yamaha, Piaggio, SYM, and Suzuki.
The 7 per cent growth in fiscal year 2016 is considered a successful result for the five members of VAMM. The association has predicted it will be difficult to reach sales of 3 million in fiscal year 2017, even though Honda, Yamaha, and Piaggio plan to retain their current production capacity and boost their marketing campaigns.