Honda Motorcycle & Scooter
India Pvt. Ltd. (HMSI) closed financial year 2016-17 on a historic high and
created new records. The company recorded sales of 5,008,103 units during the
fiscal gone by.
Total sales grew at 12% (which
is more than double the 5% growth of total industry in the same period) over
4,483,462 units sold in FY’15-16.
Honda’s accelerated growth made it the No. 1
volume gainer of the industry (Honda 2Wheelers India alone contributed 54% to
the additional industry volumes) & No. 1 market share gainer of the
industry (Only company to gain 1% market share to 27% in domestic and 25% in
total sales in FY’16-17).
Honda’s total automatic
scooter sales crossed 3 million mark for the first time ever to reach at
3,351,604 units with 16% growth compared to 2,892,480 units in FY’15-16.
Despite export industry
de-growing by -6% in FY’16-17, exports was the strongest gain point.
Honda’s exports grew by an
overwhelming 41% increasing from 200,114 units in FY’15-16 to 283,153 units in
“We thank customers for making
Honda 2Wheelers India the first 100% subsidiary of Honda Motor Company, Japan
globally to ever achieve 5 million sales landmark in a single financial year,”
said Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing,
Honda Motorcycle and Scooter India Pvt. Ltd.
Source: Honda Motorcycle & Scooter India Pvt. Ltd
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