Suzuki saw worldwide motorcycle (and ATV) sales grow in the first quarter of the 2017/2018 financial year (the period to end of June 2017) by +13.1 percent to 378,000 units (4,000 of which were ATVs).
However, in Europe sales were down by -12.8 percent at 15,000 units from 17,000 for the year ago quarter. In North America they sold 11,000 units, up by +11.0 percent.
Sales in Asia were +19.1 percent at 295,000 units in total, with domestic Japanese demand up by +33.3 percent (19,000 units). India remains Suzuki’s largest market, where they sold 109,000 units in the period to June 30, 2017, +50.7 percent, with China, their second largest market, down by -5.1 percent at 93,000 units. Bucking the market trend there, Suzuki sales were +137.0 percent in Indonesia (21,000 units).
Motorcycle production worldwide was up by +14.9 percent (381,000 units), with 123,000 of those made in China and 113,000 made in India.
On a worldwide basis, Suzuki’s consolidated net sales of motorcycles generated 61.6 Bn yen in net sales revenue, up by +21.6 percent over their first quarter of 2016. European sales generated 14.5 Bn yen, up by +18 percent.
Overall corporate consolidated net sales were 869,313m yen for the quarter, +13.26 percent on Q1 2016. Net income generated was 77,775m yen, +40 percent.
