Suzuki - global unit sales +16.7% for first nine months
Suzuki's results for the first nine months of its current financial year ending March 31st, 2023 (the period from April 2022 to December 2022) show increases in production and sales of motorcycles, especially in India, the Philippines and Latin America.
Total global unit sales volume for the first nine months was 1,414,000 units, which was up on 2021 by +16.7%.
Sales in Europe were +1.9% at 22,000 units; in North America they were 25,000 units (+14.2%), but -19.4% (34,000 units) in Japan.
Total Asian sales were 1,166,000 units, which was up by +19.6%. Of that, India accounted for 549,000 units (+25.5%); China for 337,000 units (+6.7%); Philippines 153,000 units (+30.3%), with the rest of Asia accounting for a further 128,000 units (+21.2%). The Latin American market was worth some 150,000 units for Suzuki, up by 22.8%.
In total production terms, Suzuki made 1,419,000 units worldwide in the first nine months of 2022, up by 117,000 units (+9.0%) over 2021 production levels.
The company says that "motorcycle and marine businesses have shown significant contributions with an operating profit for the YTD of 53.8bn yen (motorcycle operating profit +13.7%, marine +12.0%), accounting for approximately 20% of the total company profit for the period of 267bn yen.
Total motorcycle sales revenue for the nine-month period was +37.6% at 252.8bn yen for a 23bn yen operating profit, which was up by a massive +148.8% over the year-ago period at a 9.1% margin.
