Honda Motorcycle & Scooter India closed financial year 2016-17 on a historic high clocking total sales of 5,008,103 units. Total sales grew at 12%, more than twice of the growth of total industry in the same period, over 4,483,462 units sold in FY’15-16. Honda’s total automatic scooter sales crossed three million mark for the first time ever to reach at 3,351,604 units with 16% growth compared to 2,892,480 units in FY’15-16.
Despite export industry de-growing by -6% in FY’16-17, exports was the strongest gain point. Honda’s exports grew by an overwhelming 41% increasing from 200,114 units in FY’15-16 to 283,153 units in FY’16-17.
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Speaking about the sales performance, Yadvinder Singh Guleria, Senior Vice President – Sales and Marketing, Honda Motorcycle and Scooter India said that in the beginning of FY2016-17, especially after monsoon and 7th CPC, industry was hopeful of double digit growth. The second half was, however, a challenging time and two-wheeler industry closed the fiscal with only 5% growth. In this context, we are humbled by the confidence of customers in Honda brand.
He further added that India is now firmly leading the Honda DNA worldwide. Honda is today the highest volume gainer as well as the market share gainer of the industry. The Company is confident that 2017-18 will be a landmark year and Honda 2Wheelers will change the way India and the world will ride home.