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Honda crosses 1 million sales mark in Q1

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MUMBAI: Honda Motorcycle & Scooter India (HMSI) has sold 348,793 units of its two wheelers in June 2015 against 323,136 units in the corresponding month of 2014. Continuing its positive momentum, Honda two-wheeler growth was 8 per cent (Domestic + Export) versus 6 per cent of the industry in June 2015.

The domestic two wheeler sales of the company reached 331,782 units, registering a 7 per cent growth in June 2015. Also, the Q1, FY’15-16 was closed with 6 per cent growth in sales Y-o-Y for both Domestic and Domestic + Export.

Honda two-wheeler exports grew 23.6 per cent, from 13,762 units to 17,011 units in June 2015.   

Honda products continued to witness encouraging response with 27 per cent rise in scooter sales to 219, 650 units in June 2015 versus 166, 592 units in June 2014.

Honda motorcycle sales stood at 112,132 units in June 2015 to 142,782 units last year 2014.

In the month of June 2015, Honda grew at 7 per cent in domestic market which is more than double the domestic industry growth of 3 per cent. Also, the company added a phenomenal 60,677 units in Q1 gaining 2 per cent market share, while domestic two-wheeler industry declined by 1,337 units.

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