Powered by positive sales traction for 5th straight month & festive buying, Honda records first positive Quarter of YoY sales in Q3 with 5% growth
GURUGRAM: Ending the unprecedented 2020 with positive bearings, Honda Motorcycle & Scooter India Pvt. Ltd. today announced its December’20 sales.
Signaling to demand recovery continuing post the festival season, Honda’s two-wheeler YoY sales uptick continued for the 5th consecutive month in December as well. Honda’s domestic sales grew 5% to 242,046 units in the year 2020’s last month compared to 230,197 units a year ago. With exports of 20,981 units, Honda’s total sales in December’20 closed at 263,027 units with a 3% growth over 255,283 units in Dec’19.
Noteworthy, that the third quarter of FY’2020-21 ushered in new hope and positivity. While the first quarter put the business on pause mode, the second quarter was about stabilizing the ecosystem and meeting the pent-up demand. The October – December quarter stood out as the first Quarter of positive YoY sales for Honda. Honda’s Q3 domestic sales jumped 5% on a YoY basis to 11,49,101 units in Q3, FY’21 from 10,91,299 units in the same period last year.
Elaborating on the mood of the market, Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “After the positive retail and wholesale traction in December’20, we enter 2021 with a new hope. The 3rd quarter marked the first quarter of positive sales after a long time. The next 2 quarters too, are expected to show some growth due to the low base effect but real positive growth and market expansion may take some time. However, we are all geared up for 2021 – Honda’s momentous 20th Anniversary year in India. With multiple brand new and exciting offerings in the pipeline, Honda will delight riders across categories with new Joy of Riding.”
Honda’s Key Highlights of calendar year 2020:
12 New offerings in the Red Wing business (110cc up to 200cc segments)
Honda’s Premium Motorcycle Business focus:
Strategic Leadership Change
Business & Sales Milestone
Corporate Social Responsibility
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