HMSI Reports 2% Hike In Total Sales In October 2020

Honda Motorcycle and Scooter India (HMSI) has announced that it closed October’20 with positive YOY sales growth for the third consecutive month in FY’20-21.

Honda's total two-wheeler sales closed at a higher level of 527,180 units with a 2% growth over 517,845 units sold in October’19.

Honda’s domestic two-wheeler sales were up 1% to 494,459 units in Oct’20 compared to the 487,819 units sold in the same month last year.

The company registered 9% growth in exports to 32,721 units in Oct’20 (compared to 30,026 units in Oct’19).

Commenting on the October’20 sales and prevailing market sentiments, Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Ending October, nearly 100% of our network is opened and charged up post recording YOY increase in retails during the first 2D’s of 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 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 festival – Dhanteras & Diwali with strict safety measures in place across all our touchpoints.”