Italika Motorcycles hit the 18th record sales in a row. In 2022 sales have been 809.842 although difficulties in Panama and Peru. Now Italika is the 12th largest OEM in the World.
McD tracks new vehicles registrations across the World (over 85 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.
Italika Global 2022 Sales
Italika, the Mexican Motorcycles Manufacturer, in 2022 continued the incredible string of records. Born in 2005, the company has always increased annual sales and now this is the 18th in a row.
In 2022 sales have been 809.842 although difficulties in Panama and Peru, where the distributor failed their target and probably the company is stopping the distribution.
Thanks to this result, the Mexican Motorcycles manufacturers is the 12th largest manufacturers in the World.
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 and 2022.
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).