Honda Motorcycle & Scooter India (HMSI), India’s second largest two-wheeler company in terms of domestic sales, has recorded its all-time highest monthly domestic sales of 432,056 units in October 2015.
03 Nov 2015 | 4175 Views | By Amit Panday
Honda Motorcycle & Scooter India (HMSI), India’s second largest two-wheeler company in terms of domestic sales, has recorded its all-time highest monthly domestic sales of 432,056 units in October 2015. HMSI, which sold 361,654 units in October last year, has registered a YoY growth of 19.47 percent in the domestic ...
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Honda Motorcycle & Scooter India (HMSI), India’s second largest two-wheeler company in terms of domestic sales, has recorded its all-time highest monthly domestic sales of 432,056 units in October 2015. HMSI, which sold 361,654 units in October last year, has registered a YoY growth of 19.47 percent in the domestic market.
It’s no surprise that at the forefront of this growth is HMSI’s scooter portfolio, which is led by the market leader Honda Activa. The company’s domestic scooter sales totaled 270,371 units last month as against the sales of 199,466 units in October last year, thereby marking a big jump of 70,905 units or 35.55 percent YoY.
On the other hand, HMSI’s total motorcycle sales in the domestic market stood at 161,685 units during the last month, down by 0.31 percent. It had sold 162,188 motorcycles in the domestic market in October last year.
On the export front, the company has witnessed a mild growth of 1,625 units or 10.59 percent on its October 2014’s export of 15,347 units. HMSI exported 16,972 units last month.
According to an official release issued by the company disclosing last month’s sales numbers, “HMSI grows at 19 percent (domestic and exports put together), which is nearly double than the two-wheeler industry growth of 10 percent in October 2015.”
The official press release also claims that the company is the highest volume gainer and the highest market share gainer for its October 2015’s sales numbers. It says that HMSI’s domestic market share for the last month stood at 26 percent, close to one percent up on the previous month (September 2015).
According to the company, it has also breached the 300,000 unit sales mark for the first time during the Navratri-Dusshera period, an auspicious time considered by many to purchase vehicles every year.
HMSI also retailed more than 90,000 units on the Dusshera day (October 22, 2015), which marked the highest single-day sales for the company, apart from Ganesh Chaturthi (September 18), for the ongoing year.