Total 537,035 units sold in May’17, Honda grows at 23% (double that of industry)
Continuing its aggressive sales momentum in fiscal 2017-18, Honda Motorcycle & Scooter India Pvt. Ltd. closed May 2017 with 5 lakh units plus sales for second month in a row.
Total sales in May 2017: (Domestic + Export)
Overall Honda 2Wheelers India 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 scooterization 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.
Elaborating on the market, Mr. 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
|Automatic scooters||268,429||334,165(Honda strengthens leadership with 24% Y-o-Y growth)||24%|
|Motorcycles||147,431||176,216(Honda is No. 2 brand in domestic motorcycles for second month)||20%|
|Domestic||415,860||510,381(Domestic market share at over 30% for second month in row)||23%|
|Export||20,468||26,654(Despite subdued 4% industry growth, Honda’s exports up 30%)||30%|
|436,328||537,035(Grows double the speed of industry, 3% jump in market share)||23%|