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HMSI grows by 33 per cent in January 2018

HMSI grows by 33 per cent in January 2018

Snapshot: Honda sold 51,63,559 units in just a matter of last ten months, jumping 5 million overall sales, which by any standard is a herculean mark.

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HMSI has grown by 33% for the month of January 2018 selling 5,17,732 units last month compared to the same month in 2017. Talking about the scooter sales, the company sold 40% more scooter last month compared to figures in January 2017. This sure is a huge leap in overall numbers as the scooter sales jumped from 2,28,811 units in January 2017 to 3,19,305 units in January 2018. While in terms of motorcycles, the company sold 1,69,505 units in January 2018 compared to 1,39,161 units sold in January 2017. Also, for the same month, the company recorded significant growth in terms of overall exports, as it grew by 36 per cent exporting 28,923 units, compared to 21,341 units in January 2017.

For the span of last ten months, HMSI recorded 20 per cent growth in scooter segment and 23 per cent growth in the motorcycle segment. Honda sold 51,63,559 units in the Indian market in just a matter of last ten months jumping 5 million overall sales, which by any standard is a herculean mark. Also, the exports recorded an overall growth of 27 per cent.

"FY'2017-18 is already shaping up as a historic year for Honda. In just 10 months of this fiscal, Honda has added over 9 lac new customers and crossed 5 million sales mark in the shortest time. The Government announcements in Budget 2018 too should accelerate rural demand. With firm thrust on rural economy is evident from increasing Kharif crop MSP to 1.5 times the production cost. The infrastructure focus of the government is very strong on rural areas and highways. With almost 50% of two-wheeler demand coming from rural and semi-urban India, Budget 2018 should have a positive impact on customer sentiments," said Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing, Honda Motorcycle and Scooter India. 

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