Honda 2Wheeler India sold 2.10 lakh units in June 2020, registering a decline of 55 percent
Honda 2 Wheeler India has sold a total of 210,879 units in June 2020, registering a drop of 55 per cent compared to the 4,76,365 units sold in June 2019. The company sold 2,02,837 units in the domestic market and 8,042 units in exports. These numbers were down by 55.04 percent (4,50,889 units in June 2019) and 94 percent (25,476 units in June 2019) respectively.
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The company mentions, over 95 percent of Honda's network resumed operations in the first week of June 20 as the country entered Unlock 1.0, wherein the company saw sustained uptick in two-wheeler demand during the month. In May 2020, Honda sold a total of 54,820 units, which includes 54,000 units in the domestic market and 820 units in exports. In comparison, the company sold 4,82,477 units in May 2019, which consisted of 4,59,923 units in domestic market and 22,554 units in exports. In terms of YTD performance, HMSI sold 5,30,028 units during March-June 2020. This was 62 percent lower compared to the sales performance during the same period last year, at 14,26,763 units.
However, HMSI has retailed close to 3 lakh units in June 2020 from 1.15 lakh units in May 2020, registering a growth of 156 percent. Additionally, service visits to Honda's authorized workshops in June 2020 too saw more than double increase with 22 lakh visits compared to 10.5 lakh visits in May 20.
"Around 95% of Honda dealers resumed their business, while our supply chain further stabilized to align with the rebooting of our production operations in all the 4 plants. With over 150% spike in our retails, June turned out to be the first confidence booster. Honda 2Wheelers created new buzz in the market introducing maximum number of four BS-VI models in just 1 month - CD 110 Dream, Grazia 125, 2020 Africa Twin & Livo. We are also witnessing a new demand getting unlocked with preference to personal mobility over public transport and two wheelers becoming first choice to this shift in the market." commented, Yadvinder Singh Guleria, Director Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd