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With solid 44% growth in domestic demand, festivities continue into November for Honda

Backed by steady demand continuing post the festival season, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) closed the month of November with stellar sales. Leading the domestic industry momentum post the festive peak from the front, Honda’s domestic sales grew 44% to 432,350 units in Nov’17 compared to 299,414 units in Nov’16. Honda’s motorcycle sales grew 56% from 96,338 units in Nov’16 to 150,606 units in Nov’17. Led by Activa and new Grazia, Honda’s scooter sales grew 39% to 281,744 units in Nov’17.

Led by consistent demand, Honda 2Wheelers India total sales jumped 41% to 460,017 units in Nov’17 compared to 325,480 units in November 2016. In the April-November period, Honda’s domestic sales grew by an accelerated 17% from 34,42,959 units in 2016 to 40,16,395 units in 2017. In the first eight months of the fiscal, Honda exports surged 30% to 239,219 units compared to 1,84,463 unit sales in the same period last year. Honda is the HIGHEST volume gainer (alone adding nearly 47% new volumes to the industry) & HIGHEST Market Share Gainer of 2Wheeler industry (2% market share gained).

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