Honda Motorcycle & Scooter India (HMSI) reported its year on year sales numbers for the month of June 2015. The two-wheeler manufacturer sold 348,793 units in June 2015 against 323,136 units in the corresponding month of 2014. The overall growth for Honda two-wheeler stood at 8% versus 6% of the industry in June 2015.
Domestic two wheeler sales stood at 331,782 units, registering a 7% growth in June 2015. Total sales for the first quarter of financial year 2015-16 closed with 6% growth in sales Y-o-Y for both domestic and overall sales. Exports also showed some promising results. Honda two-wheeler exports grew by 23.6%, jumping from 13,762 units to 17,011 units in June 2015.
Scooter sales jumped from 166,592 units in June 2014 to 219,650 units in June 2015. Motorcycle sales stood at 112,132 units in June 2015 versus 142,782 units last year 2014.
Here are some key highlights of June 2015 performance:
- Highlight: Honda grew at 7 percent, twice than that of the domestic industry growth of 3%
- Total Sales: Honda sold a total of 348,793 units in Jun 2015 and reported a 8% growth in domestic and export market
- Market Share: HMSI’s domestic market share grew by 1% and now stands at 26%. Domestic and export market share is 23%
- Product: Honda launched two new automatic scooters (Aviator and Activa i) and announces brand association with actress Taapsee Pannu
- Award: Honda was recognized with the ‘Certificate of Appreciation’ from Delhi Police for Road safety summer camp 2015
Here are some key highlights of Q1, FY2015-16 performance:
- Highlight: Honda crossed one million unit sales in first quarter for the 1st time.
- Highest market share gainer: Honda is also the only two-wheeler company to gain 2% points share in Q1 on year on year basis
- Highest Volume gainer: Honda added 60,777 units in Q1, while overall domestic two-wheeler industry declined by 1,337 units
With more Honda products coming our way, we expect to see better performance in the future. Honda will soon introduce the new CBR650F sports tourer in India which will help the company capture some space in the middle-weight performance motorcycle market.