Honda 2Wheelers overall sales up 20% at 544,508 units in July
The Dollar Business Bureau
Backed by growing customer demand and introduction of new products, Honda Motorcycle & Scooter India Pvt Ltd, the wholly-owned subsidiary of Japanese Honda Motor Company, recorded a growth of 20% in its overall sales, including domestic and exports, in July.
The company recorded its ever highest exports in a single month at 32,569 units and witnessed a growth of 34%. Adding 3%, Honda’s market share in exports zoomed to an all-time high of 15%.
“Growing at a fast pace, Honda 2Wheelers India total sales grew at 20% to 544,508 units in July 2017 as compared to 453,884 units in July last year, the company said in a statement.
Honda2Wheelers is the only manufacturer to gain 2% market share to 28.8%, making the company highest market share gainer in July. Interestingly, Honda is the only company to have gained 3% market share during April-July (YTD), it said.
“With each passing month, Honda2Wheelers has sustained a market share of over 30% in the current financial year,” it added.
In the domestic market, the company sold 511,939 units of two-wheelers (including scooter and motorcycle) in July this year, compared to 429,551 units in July last year, witnessing a growth of 19%.
Commenting on the performance, Yadvinder Singh Guleria, Senior Vice President – Sales & Marketing, Honda Motorcycle and Scooter India said, “Honda’s commitment to the market and its customers has helped us achieve double digit growth. With aggressive network expansion and introduction of new products, we have not only created a lot of excitement among our consumers but also succeeded in reaching closer to the customers.”
“The increasing popularity of Honda vehicles in other countries, especially Latin America, has added to our sales. In July, Honda exports reached an all-time high monthly exports,” he said.