Honda 2Wheelers India sells 5.27 lakh units in October 2020
Japanese two-wheeler major Honda Motorcycle and Scooter India Pvt. Ltd.(HMSI) mentions that in October 2020, the company has sold a total of 5.27 lakh units, making it a 2 per cent growth over October 2019's sales figure of 5.17 lakh units. Buoyed by the increase in demand during festivals amidst a slew of its new BSVI models now available in the market, Honda's domestic two-wheeler sales were up 1 per cent to 4.94 lakh units in Oct'20 compared to the 4.87 lakh units sold in the same month last year. Backed by increased demand of its models in other markets and exports of its first BSVI motorcycle to Europe, Honda registered 9 percent growth in exports to 32,721 units in Oct'20 (compared to 30,026 units in Oct'19).
"Ending October, nearly 100% of our network is opened and charged up post-recording YOY increase in retails during the first 2D's of the festival (Durga Puja and Dussehra). Riding into the festive season on a high note, our newly launched H'ness-CB350 has garnered great response in a short span of time. In less than 1 month of the start of sales of our debut 350ccc mid-size motorcycle, our production is booked till November, even as new bookings continue to rise. With the comeback of positive sentiments in the market, Honda is all geared up for final 2D's of the festival Dhanteras & Diwali with strict safety measures in place across all our touch points." commented, Yadvinder Singh Guleria, Director Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd.