Honda Motorcycle and Scooters India (HMSI) has announced it will launch 18 upgraded two-wheelers in the Indian market in the financial year 2018-2019. The Japanese two-wheeler manufacturer has revealed that all these 18 products will come complying with the upcoming BS-VI emission norms well ahead of the schedule of April 2020 when the country will adopt new stringent emission norms.
What’s more interesting is that Honda will also launch a completely new product in the country. No wonder, this model too will come powered by a BS-VI emission norms compliant engine. As the brand aims to grab the pole position in the Indian two-wheeler market by 2020, it believes that transition into the BS-VI compliance would play key role for future growth. Also, the company is targeting to expand the number of its dealership and service network across the country to 6000 in this fiscal. Overall, Honda has earmarked a total investment of Rs. 800 crore in this financial year.
India presently contributes the biggest volume in Honda’s total global two-wheeler sales. In the recently concluded financial year, Honda has recorded 22% growth and this was the second consecutive year when the Japanese brand posted double-digit growth. In the current fiscal too, Honda is expecting to replicate the success and upcoming BS-VI emission norms compliant two-wheelers would play a key role in that strategy.
The company has seen massive success in the scooter segment of Indian two-wheeler market and now it aims to get a stronger hold in the motorcycle segment, where the homegrown brand and HMSI’s erstwhile partner Hero MotoCorp currently dominates.