15:04 | 18/07/2017 Society
The Vietnam Association of Motorcycle Manufacturers (VAMM)’s five members sold over 1.5 million vehicles in January-June 2017, representing a year-on-year rise of 6 percent.
|Illustrative image - Photo: http://bestplus.vn|
The VAMM members include Honda Vietnam, Piaggio Vietnam, Suzuki Vietnam, SYM Vietnam and Yamaha Motor Vietnam.
VAMM President Yano Takeshi said the automatic bikes make up 45 percent of the market share and this will be the strongest growth segment in the coming time when the average per capita income goes up.
At a ceremony to review business performance held in Hanoi recently, General Director of Honda Vietnam Toshio Kuwahara revealed that the total motorcycle sales in the fiscal year 2017 reached nearly 3.14 million vehicles, posting an annual increase of 8 percent.
Of which, Honda Vietnam sold 2.17 million units, up nearly 7 percent against the previous fiscal year and accounting for about 70 percent of the domestic market share, he said.
The growth of automatic bikes was 52 percent, compared to 48 percent of geared motorcycles.
Businesses are still focusing on producing both automatic and geared bikes to meet the demand of customers in both urban and rural areas.