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Honda surpasses 6L monthly sales, records 26pct YoY growth in domestic sales

Honda surpasses 6L monthly sales, records 26pct YoY growth in domestic sales

New Delhi [India]: Amid festive fervor, Honda Motorcycle & Scooter India Pvt. Ltd. on Friday announced that it has recorded six lakh sales in a single month for the first time.

August 2017 saw total sales grow 26 percent from 492,368 units in August’16 to 622,180 units this year. By adding nearly 50 percent new volumes to the industry and gaining 3 percent market share, Honda is the highest volume gainer and also the highest market share gainer of the two-wheeler industry.

Honda’s domestic sales closed at 586,173 units in August 2017, compared to 466,289 units in August 2016.

Honda’s motorcycles sale closed at 191,944 units in August 2017, registering 48 percent growth over 129,926 units sold in August 16, while scooter sales grew 17 percent from 336,363 units in August 2016 to 394,229 units in August 2017.

Meanwhile, export sales peaked at an all-time highest mark of 36,007 units in August 2017, registering a 38 percent surge over 26,079 units in August 2016.

“On the back of strong festival demand matched with new additional capacity coming at a very strategic time, Honda has breached 6 lac units sales mark for the first time in August’17. At the same time, our strong overseas demand momentum has resulted in exports crossing 36,000 mark. On the domestic front, both scooters and motorcycles touched their highest sales mark,” said Yadvinder Singh Guleria, senior vice president – Sales and Marketing.

“We are seeing increased footfalls at dealerships and are fully equipped to cater to the high demand during the festive period,” added Guleria. (ANI)