On the export front, Honda
exports grew by 29% - strengthening its position as India’s 3rd largest two-wheeler
exporter. Commenting on Honda’s performance in 2017 and outlook for FY’2017-18,
Yadvinder Singh Guleria, Senior Vice President - Sales & Marketing, HMSI,said,
“Looking back, 2017 was the year of disruption for the industry. Accelerated
customer buying shift within segments saw scooters becoming popular in the
traditionally motorcycle dominated states too. New capacity expansion, 3 new
product launches and increased network penetration in tier II and tier III
markets resulted in Honda successfully breaching the 5 million sales mark for
the first time in 2017. We thank all our customers for choosing a Honda, with
the promise that we will keep innovating ahead of their expectations. Moving
ahead, we are confident of meeting our target of 6.0 million unit sales in
2017-18.”
Meanwhile, Honda’s December 2017
domestic sales grew by 77% from 205,158 units in 2016 to 363,226 units. Total
sales grew 68% from 231,763 units in 2016 to 390,420 units in 2017. Led by
Activa and the new Grazia and CLIQ, Honda’s December scooter sales grew by 57%
from 151,758 units in 2016 to 238,818 units in 2017. Boosted by India’s
best-selling 125cc motorcycle CB Shine, Honda’s motorcycle sales in December
fast-tracked 133% from 53,400 units in 2016 to 124,408 units in 2017.
December is Honda 2Wheeler
India’s highest growth month in 2017. The company sold 124,408 motorcycles in
December 2017 compared to 53,400 units in 2016 December, thereby recording a 133%
growth. In the same period, scooter sales stood at 238,818 units (151,758), a 57%
growth. Total sales in the domestic market was 363,226 units as compared to 205,158
unitsin Dec 2017, a 77% growth. Exports of two-wheelers stood at 27,194 units
(26,605). Total sales for the month stood at 390,420 units (231,763)
In the April to December 2017
period, Honda’s total sales grew by 20% from 3,859,175 units in 2016 to
4,645,808 units in 2017. While Honda’s domestic sales grew by 20% to 4,379,395
units, exports too surged higher by 26% to 266,413 units.