Suzuki still fell… the Crisis has taken its toll!

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Suzuki still fell… the Crisis has taken its toll!

Monopropellant and almost all producers almost immediately felt the impact of the pandemic, but not the Suzuki. The Japanese managed to finish the 2019-2020 financial year with positive results and sales growth of 5.7 percent (recall that in Japan, the fiscal year runs from 1 April to 31 March).

Ultimately, the problems caught up with Suzuki. The strong fall in Asian markets, especially Indian, has led to a decline in sales. In the quarter April-June 2020 sales of motorcycles and scooters fell by 46.8 percent. In the official press release stated that the main reason is the drop in motorino in India and Europe.

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In July, sales of Suzuki in India declined by 49.6 percent. Only 31 421 units, compared to 69 326 units in the same period of 2019. Exports of motorcycles declined by 56 percent. Suzuki India sold a total of 2 991 two-wheelers outside India in comparison with 6 870 units in July last year.

However, there is good news. Overall, sales of Suzuki increased between June and July 2020. As for the forecast, the Suzuki Global yet confused. While pandemic and emergency measures in the midst of some of the key markets, the company has so far failed to make a real sales forecast.

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