Continuing its sales momentum
in fiscal 2017-18, Honda Motorcycle & Scooter India Pvt. Ltd (HMSI) closed
May 2017 with 5 lakh units plus sales for second month in a row. Overall HMSI
sold a total of 537,035 units in May 2017 compared to 436,328 units in May
2016. Honda’s total sales grew by 23% which is double the industry growth of
11% in the month.
Domestic sales in May 2017:
Honda’s domestic two-wheeler
sales (scooter + motorcycle) grew 23% from 415,860 units in May’16 to 510,381
units in May’17. Leading the scooterisation of India, Honda’s automatic scooter
sales closed at 334,165 units in May’17 with a solid 24% over 268,429 units in
May’16. Honda also consolidated as No. 2 brand in domestic motorcycle segment.
Honda’s motorcycles sales recorded a robust 20% growth (147,431 units in May’16
to 176,216 units in May’17).
With increased focus, Honda 2Wheelers India’s
exports jump by 30% to 26,654 units from 20,468 units.
Yadvinder Singh Guleria, Senior Vice President
- Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said,
“Honda continues to outpace the two-wheeler industry growth growing nearly
three times that of the industry in April-May 2017. Increased acceptance of
Honda’s newly launched motorcycles has resulted in Honda maintaining its No. 2
position in the motorcycle segment for second month in a row. Overall, the
two-wheeler industry has once again bounced back to double digit growth after
six months indicating early signs of recovery. However, with upcoming GST
implementation, industry sentiment is cautiously optimistic.”
Honda 2Wheelers India – May 2017 sales
(Honda strengthens leadership with 24%
(Honda is No. 2 brand in domestic
motorcycles for second month)
(Domestic market share at over 30% for
second month in row)
(Despite subdued 4% industry growth,
Honda’s exports up 30%)
(Grows double the speed of industry, 3%
jump in market share)
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