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The gap between Honda Motorcycle & Scooter India (HMSI) and Hero MotoCorp has narrowed as per the April domestic sales by a little more than 12,000 units, which is the lowest even after the two companies separated in 2010.
While the country’s largest two-wheeler maker Hero MotorCorp sold 6,94,022 units during the month, HMSI sold around 6,81,888 units.
“India’s love for Honda is growing like never before and Honda 2Wheelers India has made a cracker of a start of 2018-19 with record breaking sales in April itself. Last April, Honda crossed the five-lakh-unit mark for the first-time and now just one year later, we have breached the six-lakh-units mark too,” said Yadvinder Singh Guleria, Senior Vice-President - Sales and Marketing, HMSI.
While the maximum sales came from scooters with 4,23,527 units during the month (grew by 15 per cent year-on-year), the motorcycle sales were recorded at 2,12,284 units during the month (16 per cent growth YoY).
“Accelerating scooter sales, Honda has also for the first-time surpassed the four-lakh units milestone in a single month, while motorcycle sale too, crossed the two-lakh mark threshold. Not only domestic, exports demand too, is stronger than ever before,” Guleria said.
While Hero MotoCorp had sold a total of 5,95,706 units in April 2017, HMSI had sold 5,78,777 units in the same month last year.
However, on an yearly basis, Hero MotoCorp is far ahead in sales with around 7.59 million unit during 2017-18 as compared with Honda’s 6.1 million units during the whole year.
With the onset of monsoon, Hero MotoCorp expects better sales. “With the forecast of a normal monsoon this year and a strong pipeline of new products coming up, Hero MotoCorp is confident of sustaining its growth momentum in the coming months,” the company said.
According to analysts, the coming months will be more competitive because of not only monsoon but also various other factors such as better value for the money as petrol prices are also on all-time high and what innovations/ features are in offer.
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