Honda Motorcycle & Scooter India PVT LTD was on the verge of overtaking Hero MotoCorp final month. But in September 2022, the hole widens extra and Hero pulls forward by a small margin. With Hero taking the lead, Honda takes the spot of second highest-selling 2W producer in India.
Honda offered 4,88,924 models within the nation and gained 25,241 models in quantity development. The Japanese model registered a 5.44% YoY development. In distinction, Honda offered 4,63,683 models in September 2021. Honda 2W home gross sales account for 94.29% of the corporate’s complete gross sales. With 4,23,216 models offered in August 2022, Honda noticed a MoM development of 15.23%.
Even although the corporate registers a small YoY development within the home market, exports thrive so much higher. With 29,635 models shipped in September 2022, the corporate registered 62.61% YoY development. Volume achieve stood at 11,410 models with simply 18,225 models shipped in September 2021. Honda’s exports account for five.71% of the corporate’s complete gross sales.
While Honda exhibits a robust development YoY in exports, the corporate registered a 24.61% drop in gross sales MoM. This is due to the 39,307 models that Honda shipped in August 2022. The firm’s exports accounted for 8.5% final month which is diminished to five.71% in September 2022.
Commenting on firm’s constructive momentum within the run-up to festivities, Mr. Atsushi Ogata, Managing Director, President & CEO, Honda Motorcycle & Scooter India stated, “The auto-industry registered a strong demand force in the 2nd quarter as this momentum continues to rise with the on-going festival celebration.
All our dealerships are witnessing a visible rise in physical walk-ins as well as customer inquiries. With an exciting range of model line-ups across segments to choose from, we are all set to delight our customers this festive season.”
In complete, Honda 2W pushed out 5,18,559 models and registered 7.61% YoY development with a quantity achieve of 36,651 models and 12.12% MoM development with a quantity achieve standing at 56,036 models. In distinction, Honda offered 4,81,908 models in September 2021 and offered 4,62,523 models in August 2022. With widespread merchandise like Activa scooter sequence, Unicorn, CB Shine commuter, Dio and extra, Honda is more likely to push extra gross sales within the festive season. On the premium finish, Honda CB350 can also be doing properly in gross sales.
YTD Sales
Honda 2W gross sales September 2022 YTD stood at 13,14,841 models in Q3 2022. With these gross sales figures, Honda has gained 9.09% YoY when in comparison with 12,05,296 models pushed out in Q3 2021 with a quantity achieve standing at 1,09,545 models. When in comparison with Q2 of 2022, Honda registered a strong development of 32.13% QoQ when in comparison with simply 9,95,136 models pushed out in Q2 2022. Volume achieve stood at 3,19,705 models in Q3 2022 over Q2 of 2022.