Gurgaon: Backed by ever growing customer demand and its additional production capacity unleashed from the fourth plant, Honda Motorcycle &Scooter India Pvt. Ltd. (HMSI) continued to breach its own sales highs ahead of the festive season in August, 2016.
ALL-TIME HIGHtotal sales:
After crossing the 4.5 lac sales mark in July 2016; monthly sales of Honda 2Wheelers India zoomed close to 5 lac mark in August 2016. Honda sold a total of 492,416 units in August, 2016 over 395,196 unit sales in August 2015. Honda continues to lead the volume growth in the 2Wheeler industry.
ALL-TIME HIGH domestic sales:
Honda’s domestic sales grew 25% from 373,136 units in August’15 to 466,342 units in August’16.What is significant is that Honda’s two-wheeler sales increased by nearly a lac units (97,220 units) in August’16 on year-on-year basis.Led by Activa – India’s No. 1 selling two-wheeler of 2016, Honda’s automatic scooter sales crossed 3 Lac figure 2nd time in a row to peak at all-time high of 336,393 units, growing 27% over the 246,763 units in August’15.Honda’s motorcycle sales too grew 11% from 126,373 units in August’15 to 129,949 unit sales in August’16.
ALL-TIME HIGH exports:
Honda 2Wheelers India exports reached ever-highestof 26,074 two-wheelers in August’16. For the first time ever, Honda’s two-wheeler exportscrossed the 1 lac mark in just 5 monthswith a robust 29% growth compared to the -13% de-growth of industry exports.
YTD April – August’16 total sales:
Honda continues to be the 2Wheeler Industry’s No. 1 Volume gainer & No. 1 market share gainer for 5 months in a row.Alone Honda added 399,470 new units in April-August’16 and phenomenal 43% of the new industry volumes came only from Honda 2Wheelers India!
2% gain in total market share on YTD basis:
On the market share front too, Honda added 2% market share (the only two-wheeler company in India to add more than 1% market share) to reach at 26% dom + exp market share in April-Aug’16.
Quote by Mr.Yadvinder Singh Guleria (Senior VP – Sales & Marketing, HMSI)
“August has been a historic month for Honda 2Wheelers India.Adding over93,000 units (YoY basis), Honda’s total sales, automatic scooter sales and exports reached all-time high in August’16. In just 2 months record time and before schedule, Honda has achieved 100% peak production levels at its second assembly line in recently inaugurated Gujarat plant. The new capacity of our fourth plant gives us wings to grow at a faster pace and prepare for festive period like never before.”
Key highlights of August, 2016:
Product milestone: Honda’s Activa ended the 17 year long monopoly of motorcycles to become India’s highest selling 2Wheeler of 2016 (Jan – August 2016) with a lead of over 1.6 lac units over its 2nd largest competitor.
Best Deal: Hondainaugurated 6 Best Deal’ outlets – the 2Wheeler industry’s first organized retail set-up exclusively for certified pre-owned 2Wheelers. With this, the Best Deal network is at 107 outlets in 81 cities across 20 States.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
What are the Best Investment Options for NRI to Grow Wealth in India?
Technology Everywhere: Expand your Business in the Tech World
“India needs at least 1000 qualified actuaries in the near future”, IRDAI Chairman
Savills India Bags Certification by Great Place to Work®
ETO Motors enables Clean, efficient first and the last mile Connectivity to passengers using Delhi Metro
2014 The Global Indian New Network (TGINN)