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Our Bureau

Hyderabad, Aug. 9 Honda Motorcycle & Scooter India is set to close this year with sales of over one million two-wheelers, according to Mr S. Aoyama, President and Chief Executive Officer.

Addressing a press conference here on Saturday after the nation-wide launch of its latest 125-CC bike, Honda Stunner CBF 125, Mr Aoyama said the market in the country is witnessing an increasing number of buyers for the 125- and 150-cc models.

Last year, Honda India closed with sales of 9.07 lakhs, accounting for a market share of about 11 per cent, and is confident of closing this year with overall sales volumes of 1 million plus.

“We are looking at a market share of about 15 per cent in couple of years and have the potential to produce about 14 lakh vehicles in the existing plant,” he said.

Asked about the impact of higher interest rates and the country’s current economic conditions impacting the volumes in India, Mr Aoyama said, “These may be temporary concerns, we believe that the overall industry will grow this year.”

More Stories on : Outlook | Two/Three Wheelers

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