Total 537,035 units sold in May’17, Honda grows at 23% (double that of industry)
- Honda is the NO. 2 brand in domestic motorcycle segment for second month in a row
- HIGHEST Volume gainer of industry -> 54% of new industry volumes coming from Honda!
- HIGHEST Market share gainer of industry -> Honda gains 3% share (30% dom, 28% total)
- Exports Zoom -> Honda exports jump solid 30% vs. 4% export industry growth in May’17
June 1, 2017: Continuing its aggressive sales momentum in fiscal 2017-18, Honda Motorcycle & Scooter India Pvt. Ltd. closed May 2017 with 5 lakh units plus sales for second month in a row.
Total sales in May 2017: (Domestic + Export)
Overall Honda 2Wheelers India sold a total of 537,035 units in May 2017 compared to 436,328 units in May 2016. Honda’s total sales grew by 23% which is double the industry growth of 11% in the month.
Domestic sales in May 2017:
Honda’s domestic two-wheeler sales (scooter + motorcycle) grew 23% from 415,860 units in May’16 to 510,381 units in May’17. Leading the scooterization of India, Honda’s automatic scooter sales closed at 334,165 units in May’17 with a solid 24% over 268,429 units in May’16. Honda also consolidated as No. 2 brand in domestic motorcycle segment. Honda’s motorcycles sales recorded a robust 20% growth (147,431 units in May’16 to 176,216 units in May’17).
With increased focus, Honda 2Wheelers India’s exports jump by 30% to 26,654 units from 20,468 units.
Elaborating on the market, Mr. Yadvinder Singh Guleria, Senior Vice President – Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said, “Honda continues to outpace the two-wheeler industry growth growing nearly three times that of the industry in April-May 2017. Increased acceptance of Honda’s newly launched motorcycles has resulted in Honda maintaining its No. 2 position in the motorcycle segment for second month in a row. Overall, the two-wheeler industry has once again bounced back to double digit growth after six months indicating early signs of recovery. However, with upcoming GST implementation, industry sentiment is cautiously optimistic.”
|Honda 2Wheelers India – May 2017 sales|
|May 2016||May 2017||Growth|
(Honda strengthens leadership with 24% Y-o-Y growth)
(Honda is No. 2 brand in domestic motorcycles for second month)
(Domestic market share at over 30% for second month in row)
(Despite subdued 4% industry growth, Honda’s exports up 30%)
(Grows double the speed of industry, 3% jump in market share)
Highlights of May’17:
- Bringing excitement closer to adventure motorcycling enthusiasts, Honda also announced commencement of bookings for the first 50 customers of Honda CRF1000L Africa Twin motorcycle in India.