In 2002-2003, if the motorcycle market grows at 40% over 2001 - 2002 and Hero Honda wishes to grab 50% market share, then how many motorcycles should Hero Honda be selling per month during the remaining period of 2002-2003.
On the basis of the data given in the table on the number of motor cycles sold in India in 6½ years, evaluate the following statements.
Statement I : In the last 6 months, Hero Honda’s market share is declining, while that of TVS motors is improving.
Statement 2 : Compounded annual growth of TVS motors is better than that of Bajaj Auto.
Statement 3 : More than 40% of all the motorcycles sold in India in the last 6½ years came from HeroHonda.
Statement 4 : In terms of the percentage of sales growth over the previous year, Hero Honda’s best year was 1999-2000.
Statement 5 : In the last 5½ years, all the three major players achieved double digit growth every year.
Statement 6: In the last 6½ years, Hero Honda sold more motor cycles than Bajaj Auto and TVS Motors taken together.