Italika Motorcycles in 2021 extended the record list. While selling over 1 million vehicles, first time ever, and hitting the 17th record in a string ( in 17 years of life) Italika jumped in the 10th place in the World Ranking of Top Selling Motorcycles Manufacturers.
McD tracks new vehicles registrations across the World (over 80 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
Global 2021 Sales Trend
We do not believe that the results achieved have ever been in the dream of Italika Management.
Scoring the 17th all time and consecutive sales record, in the 2021, the Mexican Motorcycles manufacturers become one of the Top 10 largest manufacturers in the World, few thousand units below Niu Tech which ranks in 9th place.
This achievement arrived in the year when for the first time the company sold over 1 million vehicles in a calendar year, pushing up the domestic Mexican market, which keeps growing fast pulled up by Italika innovative strategy and by the crowd competitors arena.
Italika aims to expand the presence in the entire Latin America, while actually is distributing only in few countries. In Guatemala it is among market leaders, while in Honduras is growing year after year, with a record hit in 2021 with 18.180 sales.
In Perù something is going wrong, as sales slumped in 2021.
Italika Heritage and Development
Italika is a new emerging motorcycles manufacturer headquartered in Toluca, Mexico. Despite this brand is not much known in the rest of the World, in Central America it represents a phenomenal success with an unrivalled performance since the foundation.
The company is born in the 2005 under the umbrella of a large Mexican conglomerate, the Salinas Group, with the idea to local assembly low-cost two-wheels based on Asian technology, design, components and parts.
Indeed the start-up was focused on creating a domestic network to distribute models assembled in the local plant, but designed by the a Korean firm which was producing motorcycles and scooters for the brand Hyosung.
However, already after few years, Italika ambitions grew up and in short-term they have moved inside all the process and the current models line-up has been designed in Mexico and locally produced, in the Toluca factory, which capacity has been expanded at 750.000 units per year.
Italika dominates the Mexican market and last year even increased the market share, thanks to over 2.500 point of sales and a line up which cover any segment any any engine size and type (with a maximum of 300 cc, as required by the markets of reference).
We estimate the company has now achieved the milestone of 5 million sales/production while they have not yet announced this achievement.
The new plant in Lerma inaugurated in 2019
The new complex, based near the city of Lerma, has 53,000 square meters, of which the production areas covers 10,000 square meters. It has storage for 16,000 motorcycles, distributed in 6 levels. It has 14 ramps to ship a total of 48 units daily, to support this production, the ship is worked for 2 shifts, with 98 people each. This is the sixth production plant opened by the company across the country and when this plant will be fully operative Italika total annual capacity will be closer at the 750.000 units target.