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Country’s second largest two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) on Thursday said it sold 57,94,893 units in January to December 2017, surpassing 50-lakh mark for the first time in its 17 years of Indian operations.
The company had sold 49,88,512 two-wheelers in the 2016 calendar year.
“New capacity expansion, three new product launches and increased network penetration in tier II and tier III markets resulted in Honda successfully breaching the five-million sales mark for the first time in 2017. Moving ahead, we are confident of meeting our target of six-million unit sales in 2017-18,” Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing, HMSI, said.
He said 2017 was the year of disruption for the industry. Accelerated customer buying shift within segments saw scooters becoming popular in the traditionally motorcycle dominated states too, he said.
The company said Demonetisation created a low base effect for the industry this December but the demand was visible.
HMSI’s December domestic sales is also up 77 per cent year-on-year to 3,63,226 units as compared with 2,05,158 units in December 2016.
Led by Activa and the new Grazia and Cliq, Honda’s December scooter sales grew by 57 per cent from 1,51,758 units in December previous year to 2,38,818 units December 2017.
Boosted by 125cc motorcycle CB Shine, Honda’s motorcycle sales in December fast-tracked 133 per cent from 53,400 units in 2016 to 1,24,408 units in 2017, the company added.
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