Honda 2Wheelers has crossed a new milestone by breaching 10 lakh retail sales for the first time in 2016 festive season. The festive demand was led by scooters. During the festive period, Activa led the growth with peak retails of over seven lakh units, followed by CB Shine with sales of over two lakh units.
The month of October 2016 saw Honda 2Wheelers clock total sales of 4,92,367 units, registering a 9% growth over 4,31,865 units sold in the corresponding month last year. Automatic scooters sales, at 3,02,946 units, continued to glide above 3 lakh mark for the fourth consecutive month while motorcycle sales stood at 1,67,542 units in domestic market in October 2016. Exports too continued to peak over 20,000 mark for the fifth month in the current fiscal and stood at 21,879 units with a stellar 29% growth.
The period from April to October 2016 also saw promising sales performance. Honda also registered the fastest 30 lakh sales milestone with 33,01,297 units sold in just seven months in the domestic market. Honda’s automatic scooter sales, at 21,01,168 units, crossed 20 lakh mark for first time, registering a growth of 26%. Honda’s motorcycle sales too crossed 10 lakh benchmark for first time (10,42,301 units with 12% growth) in the shortest span of seven months.
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Speaking about the sales performance and the new festival retail sales record, Yadvinder Singh Guleria, Senior Vice President – Sales & Marketing, Honda Motorcycle & Scooter India said, “With advanced preparations, aggressive marketing, new additional network and ensuring availability of products right up to the last mile network, Honda’s festive retails grew a phenomenal 25% to stand at 12.5 lac units in the festival. Moreover, Honda also closed its April to October, 2016 YTD despatch with 21% growth which is nearly double that of the 12% industry growth.”