Honda Motorcycle & Scooter India (HMSI) has outperformed its 20% growth target for the fiscal and has created new records ending January, 2018. For the first time in its 17 years of Indian operations, Honda’s two-wheeler sales have surpassed 5 million sales mark in 10 months. Honda sold a total of 5,163,559 units in April 2017 to January 2018.
Backed by demand, scooter sales too grew 20% to cross 3 million mark (3,231,297 units) while motorcycles continue to race ahead with 23% growth over last fiscal. Honda’s exports grew by 27% – strengthening its position as India’s 3rd largest two-wheeler exporter.
| Honda 2Wheeler India : YTD sales (April’17 – January’18) | |||
| YTD 2016-17 | YTD 2017-18 | Growth | |
| Motorcycles | 1,331,247 | 1,636,926 | 23% |
| Scooter | 2,684,842 | 3,231,297 | 20% |
| DOMESTIC | 4,016,089 | 4,868,223 | 21% |
| Export | 232,399 | 295,336 | 27% |
| TOTAL SALES | 4,248,488 | 5,163,559 | 22% |
Honda 2Wheelers’ total sales surged up by 33%, from 389,313 units sold in January 2017 to 517,732 units sold in January 2018. In the domestic front, scooter sales saw 40% sharp rise from 228,811 units in January 2017 to 319,305 unit sales in January 2018. Motorcycles sales too grew 22% from 139,161 units in January 2017 to 169,505 units in January 2018.
| Honda 2Wheeler India : January 2018 sales | |||
| Jan, 2017 | Jan, 2018 | Growth | |
| Motorcycles | 139,161 | 169,505 | 22% |
| Scooter | 228,811 | 319,305 | 40% |
| DOMESTIC | 367,972 | 488,809 | 33% |
| Export | 21,341 | 28,923 | 36% |
| TOTAL SALES | 389,313 | 517,732 | 33% |