Honda announces a growth of 23% in total sales in May 2017

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Honda Motorcycle and Scooter India (HMSI) Pvt Ltd sold more than 5 lakh two-wheelers in May 2017. This is the second month in row, Honda has posted offers of more than 5 lakh units. In all, Honda sold a sum of 5,37,035 units in May 2017, compared to 4,36,328 units in May 2016, growing by more than 23 per cent. Bike deals alone grew 24%, offering 3,34,165 scooters in May 2017, compared to 2,68,429 scooters sold in May 2016. In comparison, the overall two-wheeler industry grew by only 11% in May.

Honda’s motorcycle sales additionally posted robust 20% growth. HMSI consolidated its position as the No. 2 brand in motorcycle bike segment, with 1,47,431 units sold in May 2017, contrasted with 1,76,216 motorcycles sold in May 2016.

“Honda continues to outpace the two-wheeler industry growth growing almost three times that of the business in April-May 2017. Expanded acceptance of Honda’s recently launched motorcycles has brought about Honda keeping up its No. 2 position in the motorcycle segment for second month in a row. Overall, the two-wheeler industry has once again bounced back to double digit growth after six months showing early indications of recovery. However, with upcoming GST usage, industry sentiment is cautiously optimistic,” said Yadvinder Singh Guleria, Senior Vice President, Sales and Marketing, Honda Motorcycle and Scooter India Pvt Ltd.

In exports as well, Honda posted 30% development in May 2016, trading 26,654 bikes, compared to 20,648 two-wheelers in the same month a year prior. Honda now has a market share of 30% in the domestic two-wheeler market.

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