Page 2 - Honda Motorcycle & Scooter India

Honda Motorcycle total sales up 3.97% to 449,391 units in October

Honda Motorcycle and Scooter India on Tuesday reported a 3.97 per cent increase in total sales at 4,49,391 units in October 2022. The company had sold 4,32,229 units in the same month last year, Honda Motorcycle and Scooter India (HMSI) said in a statement. In the domestic market, sales were at 4,25,969 units as against 3,94,645 units in the year-ago month, a growth of 7.94 per cent. Exports were lower by 37.68 per cent at 23,422 units as compared to 37,584 units in October last year. "This year's festival season has ushered in a period of real growth & positive sentiment after a challenging period of two-years," HMSI Managing Director, President and CEO Atsushi Ogata said.

Unit sales down but HMSI's net profit jumps by 604% to Rs 1,000 cr in FY22

During FY22, HMSI exported 332,942 units to various countries mainly Bangladesh, Nepal, Mexico, Guatemala, Colombia, Japan, Peru, UAE, El Salvador and Italy

Honda surpasses Hero MotoCorp to top spot in two-wheeler sales

Rural states, such as Uttar Pradesh (UP), Bihar, and Jharkhand, have fallen higher in September on a MoM basis

Hero MotoCorp to lose top spot in 2-wheeler sales to HMSI: Elara Capital

Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis

Honda Motorcycle Scooter India's sales rise 15% to 443,643 units in July

Honda Motorcycle Scooter India (HMSI) on Monday said its total vehicle sales were up by 15 per cent at 4,43,643 units in July. The same stood at 3,84,920 units in the year-ago period. Domestic sales grew 18 per cent to 4,02,701 units in the previous month compared to 3,40,420 vehicles sold in July 2021, the company said in a statement. The exports, however, declined 8 per cent at 40,942 units in the last month, it stated. HMSI Managing Director, CEO and President, Atsushi Ogata said that factors such as good monsoon and increased demand for personal mobility has translated well to rise in customer walk-ins and enquiries. With the coming festive season, the company expects to regain the growth momentum at a faster rate, Ogata added.

Honda Motor launches new version of Gold Wing Tour for Rs 39.2 lakh

Honda Motorcycle & Scooter India (HMSI) on Tuesday said it has launched the new version of superbike Gold Wing Tour in the country, priced at Rs 39.2 lakh (ex-showroom). The 2022 Gold Wing Tour comes as a completely built-up from Japan, and features dual clutch transmission (DCT) with an airbag. "Over the years, Gold Wing has strengthened its reputation as a technological flagship from Honda. Raising the level of touring experience by several notches, we turn a new chapter in redefining luxury on two-wheels with the 2022 Gold Wing Tour DCT model with Airbag in India," HMSI Managing Director, President & CEO Atsushi Ogata said in a statement. The bike comes with a 1,833 cc liquid-cooled engine and features like idling stop system, hill start assist among others. "Gold Wing Tour offers a tailored riding experience as it offers the right mix of presets coupled with rider inputs for touring across different road conditions," HMSI Director Sales & Marketing Yadvinder Singh ...

Honda Motorcycle and Scooter India reports 20% dip in wholesales in January

Honda Motorcycle and Scooter India (HMSI) on Tuesday said its total sales declined by 19.97 per cent to 3,54,209 in January 2022. The two-wheeler maker had dispatched 4,37,183 units in January 2021. "While the calendar year 2022 has started on a positive note compared to last month, the sales sentiment in Q4'22 continues to reflect the preceding challenges of last fiscal year," HMSI Director (Sales & Marketing) Yadvinder Singh Guleria said in a statement. However, visible signs of healthy recovery do appear on the horizon and the company is hopeful the speedy implementation in vaccinations, dip in daily COVID cases being reported and easing of restrictions across states will help gain momentum in upcoming quarters, he added. "This year's Union budget also reflects a growth-oriented approach with an impetus on infrastructure & inclusive development. The focus on capital expenditure will pull the economy forward in unison and is expected to have a multiplier effect in the long .

Honda Motorcycle launches new bike CB300R at Rs 2.77 lakh, bookings open

Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its new bike CB300R priced at Rs 2.77 lakh (ex-showroom Delhi). Bookings for the bike are open from Wednesday for the new CB300R at Honda's exclusive premium BigWing and BigWing Topline dealerships across India, HMSI said in a statement. The new CB300R is powered by a 286cc 4-valve liquid cooled single cylinder engine. It comes equipped with an assist and slipper clutch, which provides an assist function for clutch operations requiring less load compared to a regular clutch mechanism. The slipper function reduces unpleasant shocks caused by sudden engine braking during downshifts, ensuring less fatigue and more comfort for a variety of rides, the company said. "With distinctive features and dynamic road presence, we are confident customers will be delighted with the new CB300R," HMSI Managing Director, President & CEO Atsushi Ogata said. The Neo-Sports Cafe inspired 2022 CB300R was unveiled in December at the India .

Honda Motorcycle all set to foray into electric vehicle segment next fiscal

Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial year, a top company official has said. The company, which sells popular models like Activa and Shine in the country, aims to start feasibility run of the electric scooter with its dealer partners at the end of the festive season this year. In an interaction with PTI, HMSI President, Managing Director and CEO Atsushi Ogata said the company has decided to foray into the segment after having a detailed discussion with its parent firm -- Honda Motor Company in Japan. In-depth details are yet to be finalised but "we have made a commitment to launch (EV product) within the next financial year", he noted. When asked if the company has started testing the product in India, Ogata said: "Not yet officially but after Diwali...we will set up the feasibility study officially at our dealerships." He said that many companies, including overseas ...

HMSI reports 3% decline in total sales at 430,683 units in August

Two-wheeler maker Honda Motorcycle & Scooter India (HMSI) on Wednesday reported a 3 per cent decline in total sales to 4,30,683 units in August. The company had sold 4,43,969 units in the same month last year. Honda Motorcycle & Scooter India said entering the festival season with a steady recovery in economic activity, the company's total sales stood at 4,30,683 units, including 4,01,469 domestic sales and 29,214 exports in August 2021. The domestic sales breached the 4-lakh mark with a growth of 18 per cent, compared to 3,40,420 units in July 2021, it said in a statement. The company's total sales in July stood at 3,84,920 units, including exports (44,500 units ), according to the statement. August ushers in the onset of the festival spirit in the country. With a steady month on month recovery in terms of enquiries and customer walk-ins, we are cautiously optimistic moving forward, expecting conversions to retails, Yadvinder Singh Guleria, Director for sales and marketing, ..

HMSI drives in all new bike CB200X, tagged at Rs 1.44 lakh

Honda Motorcycle and Scooter India (HMSI) on Thursday launched an all-new model CB200X in the country, tagged at Rs 1.44 lakh (ex-showroom Gurugram). The new model is a carefully crafted machine for everyday usage as much as it is for exploring the roads less travelled, the two-wheeler major said. "Keeping in mind the evolving lifestyle of the Indian youth, the urban explorer - CB200X gives today's youngsters a riding experience that pushes them to explore more. Built to excite riders, CB200X offers a perfect riding companion for their daily city rides and short weekend getaways beyond the cityscapes," HMSI Managing Director, President & CEO Atsushi Ogata said. The bike comes powered by a Bharat Stage-VI compliant advanced 184 cc engine. Other features include an all-LED lighting setup, fully digital liquid crystal meter, and split seat, among others. HMSI Director, Sales & Marketing, Yadvinder Singh Guleria said the CB200X is a classic urban explorer at heart developed for ...

Auto firms to halt production for up to 15 days amid raging second wave

For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory

Honda Motorcycle & Scooter sets up separate biz vertical for exports

The firm said it has set up an overseas business vertical to spearhead its exports from the country

Honda Motorcycle & Scooter India posts 395,037 unit domestic sales for Mar

Honda Motorcycle & Scooter India (HMSI) on Thursday reported domestic sales of3,95,037 units in March this year. The company had sold 245,716 units in the same month last year when sales were impacted by coronavirus-induced lockdown. Exports stood at 16,000 last month, HMSI said in a statement. The company said it closed FY21 with total sales of 4,073,182 two-wheelers, including domestic sales of 38,65,872 units and exports of 2,07,310 units. HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said, "FY2020-21 was a year of unprecedented uncertainties. Honda resiliently overcame challenges from lockdowns to unlocks.

HMSI to recall certain number of H'ness CB350 bikes

Honda Motorcycle and Scooter India (HMSI) on Friday said it is recalling a certain number of its recently launched 350cc bikeH'ness CB350 to fix a faulty transmission part.

Hero MotoCorp, Bajaj Auto offer steep discounts to push key segment sales

Move reflects sustained pain in world's largest two-wheeler market, as it covers two segments accounting for 75% of its size and comes despite spike in input costs

Expect double-digit volume growth in next 6 months on low-base effect: HMSI

Honda Motorcycle and Scooter India (HMSI) expects to log in double-digit volume growth in the ongoing quarter as well as April-June period of the next fiscal year

Honda Motorcycle reports 29% surge in total sales in February

Honda Motorcycle & Scooter India (HMSI) on Monday reported a 29 per cent increase in total sales at 4,42,696 units in February. The company had sold a total 3,42,021 units in the same month last year, HMSI said in a statement. Domestic sales last month stood at 4,11,578 units as against 3,15,285 units in February 2020, a growth of 31 per cent, it added. "While the industry growth is expected to hover near the double digits in Q4 and upcoming Q1 due to the low base of BSVI transition, Honda continues to drive the 2Wheeler demand recovery for second straight month of 2021," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said. The company is confident of maintaining the positive sales momentum in coming months too, with three new models (CB350RS, 2021 Africa Twin Adventure Sports, Grazia sports edition) exciting the market, he added. The two-wheeler major said its exports grew 16 per cent last month to 31,118 units as compared with the year-ago period.

Honda puts the brakes on growth plans as scooter sales slow in India

Honda's scooter sales plunged 37 per cent year-on-year to 1,447,002 units in the first eight months of FY21

Honda Motorcycle announces its first-ever VRS amid weak two-wheeler demand

Scheme offered to the 40-plus or those with 10 years in the company