NEW DELHI: The Indian subsidiary of Japanese automaker Honda Motor Cycles and Scooters and India posted 32 per cent growth in domestic sales. The company sold a total of 489591 units in February 2018 compared to 370122 units in the same month last year.
Posting 30% plus growth for the fourth consecutive month of 2017-18, Honda 2Wheelers total sales (domestic+exports) surged up by a solid 32% from 393,642 units sold in Feb’17 to 519,735 units sold in Feb’18.
Commenting on Honda’s performance, Yadvinder Singh Guleria, Senior Vice President – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “FY’2017-18 is already shaping up as a historic year for Honda. For the first time, Honda created a new record of adding 1 million plus incremental customers and exports too have breached the 3 lac mark in less than one fiscal. At the Auto Expo, Honda unveiled its transformation theme showcasing the league of LEDs & the all-new motorcycle X-Blade that will hit the market this March 2018. This sales momentum & trust of customers in Honda 2Wheelers India will add new wind beneath our wings as we enter the next financial year.”
While in the first eleven months, April’17 to Feb’18 HMSI sales were up by 22%, 1 million incremental customers.
Backed by continuous demand, Honda’s total sales stood at 5,683,340 two-wheelers in April’17 to Feb’18 compared to 4,642,130 units in April’16 to Feb’17. With this, Honda has created a new record of adding the fastest ever one million incremental sales in just 11 months for the first time.
On the domestic front, scooter sales too grew 21% to 3,556,503 units while motorcycles continue to vroom ahead with 24% growth over last fiscal.
Paralelly, exports have for the first time breached the 3 lac mark in any year (that too in just 11 months) with 27% growth to 325,480 unit sales in YTD period.