HMSI posts 34% growth in a month

KOLKATA/GURUGRAM
11 May 2017

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) recently declared its mid-term business direction and its ambitious target of 6 million units in FY’2017-18.
Speaking on the record sales in April 2017 which comes 10 days after Honda announced its targets, Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing said, “April 2017 results mark a great entry for Honda into the new financial year! Honda sold a total of 578,929 two-wheelers with phenomenal 34% growth on the back of customer demand for Honda’s upgraded BS-IV portfolio. In the domestic market, Honda two-wheeler sales increased 33% to all time high of 551,884 units with over 30% market share (33%) for the first time ever. Within segments, automatic scooter sales led the momentum with 40% growth to cross 3.5 lac mark for first time ever (368,618 units) while motorcycles sales recorded robust 22% growth. Not only domestic but exports of Honda 2Wheelers India also saw a jump of close to 60% over April 2016.” (EOIC)