Suzuki sees higher sales for ‘09

Suzuki Philippines Inc. said it targets modest sales and market share growth for its motorcycle segment this year, a company official said.

Benedict Martin Arreola, Suzuki Philippines’ senior marketing manager for motorcycles, said the company’s motorcycle sales are projected to grow to 5 percent and aims to increase their market share to 12 percent for 2009. Last year, Suzuki was able to sell around 70,000 units and cornered 10 percent of the market, he said.

Arreola added the whole motorcycle industry in 2008 posted growth of between 7 percent and 8 percent and sold about 700,000 units. This year it targets a total sales growth of around 5 percent.

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