2 Honda Two Wheelers’ India launches in Q3 2014
Honda Motorcycle and Scooter India cumulative sales for May 2014 stand at 355,726 units. When compared with 229,143 units sold in May 2013, this equates to 55% overall sales increase YoY. Increase in the motorcycle segment stands at 76% and for scooters this number is 42%.
HMSI domestic market share stands at 24% while Dom+Exports that number is 22% for an estimated 1,597,663 two wheelers sold in through May 2014. Last month, HMSI inaugurated Best Deal Outlet in Surender Nagar and Rajkot in Gujarat. Honda announced its Business Plan for 2014-15 at its 13th Annual Business meet in Tokyo, Japan recently.
Honda Motorcycle and Scooter India is looking to add its next 1000 outlets to its network at quick pace. Q2 FY ’15 will see a stronger two-wheeler platform with 2 launches scheduled. This includes a commuter segment bike in its ‘Dream Series’, and the other a 160cc sporty bike. Honda two Wheelers India aims at 45 lakh unit sales with sustained momentum of 21% growth.