Fundamentals of demand remains strong: Y S Guleria of Honda Motorcycle

The head of sales at HMSI says with Covid-19 cases declining, good monsoon and bumper harvest, the sector might recover soon

May has been one of the most difficult months for auto makers in a long time. While hope was coming back with an increase in sales during the first three months of the year, the second wave has thrown the sector in reverse gear with sales down by almost 80 per cent. India’s second largest two-wheeler company Honda Motorcycle and Scooter India (HMSI), like others, has also been hit badly. However, Y S Guleria, director-sales and marketing, at HMSI says with Covid-19 cases declining, good monsoon and bumper harvest, the sector might recover soon. Edited excerpts:

Q. There has been