Honda Sold 50 lakh Bikes & Scooters in FY 2016-17
Honda Motorcycle and Scooter India (HMSI) achieved a new milestone by selling more than 50 lakh two wheelers in the last financial year. The major section (30 lakh+) was achieved through selling automatic scooters in the country. This makes it the first 100 percent Honda subsidiary to create such a benchmark in the company’s history. The total sales registered were up by 12 percent from 44,83,462 to 50,08,103 in the FY 2016-17.
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The scooter segment was dominated by the Activa range and recorded 33,51,604 units in the same period. The scooter sales were up by 16 percent, making it an even more important section of Honda manufacturing. Activa was even the best selling product in the two wheeler space for a long time, easily selling above 2 lakh units every month last year. Other best seller in the same period from the company lineup was Honda CB Shine.
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Sharing highlights of the sales performance in 2016-17, Yadvinder Singh Guleria, senior vice-president (sales and marketing), said, “Early in FY’16-17, especially after the monsoon and 7th CPC, industry was hopeful of double-digit growth. The second half was, however, a challenging time and the two-wheeler industry closed the fiscal with only 5 percent growth. Honda is today the highest volume gainer as well as the market share gainer of the industry.”
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