The second largest two- wheeler maker Honda Motorcycle & Scooter India today reported a 28 per cent growth in volume in June at 5,71,020 units, which helped it corner 1 per cent more of the total market.
"Growing faster than the industry, we sold 5,71,020 units in June, which is a growth of 28 per cent from 4,44,528 units in June 2017, leading to a 0.8 per cent increase in our market share," Yadvinder Singh Guleria, senior VP for sales and marketing at HMSI said.
The volume growth was led by a 29 per cent growth in the domestic sales and an increase in domestic market share to the tune of 1.4 per cent, he added. Domestic sales closed at 5,35,494 units up from 4,16,365 units in June 2017.
Scooter sales grew 33 per cent from 2,71,007 units in June 2017 to 3,61,236 units in the reporting month, while motorcycles clipped past 20 per cent from 1,45,358 units to 1,74,258 units.
During the first quarter of the fiscal year, its volumes grew at a healthy 16 per cent to 18,04,537 units from 15,60,340 units.
Motorcycle sales grew 15 per cent to 6,27,908 units in the quarter from 5,44,715 units, while scooters clocked 11,76,629 units, adding 16 per cent more customers from 10,15,625 in the year-ago quarter, the he said.
Its exports volume rose 39 per cent to 1,14,132 units in the quarter from 81,862 units.
"Adding over 2.4 lakh additional customers, our performance in June is a testament to the positive customer sentiment towards our brand, helping us clock 16 per cent growth in the quarter," Guleria said.
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