03 April, New Delhi
Honda Motorcycle & Scooter India Pvt Ltd (HMSI) closed financial year 2016-17 on a historic high and created new records in challenging market scenario.Honda 2Wheelers India closed FY’2016-17 with all-time high total sales of 5,008,103 units.
According to a Company statement, total sales grew at 12 per cent (which is more than double the 5 per cent growth of total industry in the same period) over 4,483,462 units sold in FY’15-16.Honda’s accelerated growth made it the No. 1 volume gainer of the industry (Honda 2Wheelers India alone contributed 54 per cent to the additional industry volumes) & No. 1 market share gainer of the industry (Only company to gain 1 per cent market share to 27 per cent in domestic and 25 per cent in total sales in FY’16-17).
Honda’s total automatic scooter sales crossed 3 million mark for the first time ever to reach at 3,351,604 units with 16 per cent growth compared to 2,892,480 units in FY’15-16. Despite export industry de-growing by -6 per cent in FY’16-17, exports was the strongest gain point.Honda’s exports grew by an overwhelming 41 per cent increasing from 200,114 units in FY’15-16 to 283,153 units in FY’16-17.
Sharing highlights of Honda’s performance in FY’16-17, Yadvinder Singh Guleria, Senior Vice President – Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said, “In the beginning of FY’2016-17 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 per cent growth.”