Japanese two-wheeler manufacturer Honda’s Indian subsidiary – Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), recently announced that it had sold a total of 3,21,343 units in March 2022. The company said that out of this huge number, 3,09,549 units were shipped to the domestic Indian market, while it exported a total of 11,794 units to other countries. Honda also revealed that although its internal sales increased by 8.3% compared to February, its exports declined by 56.2 per cent, reducing its overall sales growth to 2.8 per cent over the previous month.
HMSI also announced that it has increased by 58% in FY2021-22 with sales of 37,99,680 units. Out of this number, a total of 34,68,828 units were sold in the Indian market, the remaining 3,30,852 units were exported.
Yadavinder Singh Guleria, Director, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. Commenting on the huge success of HMSI Ltd., FY’21-22 was a special year as we celebrated the iconic landmark of 50 million customers which is a testament to India’s love and confidence in the brand Honda. By delighting more than 1 million customers, the Honda Shine brand has further strengthened its leadership in the 125cc segment. ” He added, “By unveiling HMSI’s export potential in the international market, we continue to move forward with strong positivity. We look forward to an upward growth for the next financial year. “
Honda Motorcycle and Scooter India Pvt. Ltd. also announced last month that its growing exports have now crossed the 3 million unit mark in its 21st year. Honda Two Wheeler India started exporting in 2001 with its first model Activa. While Honda’s growing exports exceeded the historic 1.5 million mark in 2016, the next 1.5 million exports have only been added in the last 5 years.
Mr. Atsushi Ogata – Managing Director, President & CEO, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Such milestones are a testament to HMSI’s relentless efforts to expand Honda’s footprint in world exports. Last year we flagged off our global engine production line at the Bithalapur plant in Gujarat, thus strengthening our export capacity. As we enter more developed markets, our renewed focus on export expansion brings HMSI one step closer to becoming a ‘manufacturing hub for the world.’ ”
Meanwhile, Honda’s Director of Sales and Marketing, Yadbinder Singh Guleria, said, “Over the past two decades, Honda has delighted more than 3 million two-wheeler customers with its exports. Led by DO Scooter, we are expanding our export portfolio with both scooters and motorcycles. In order to establish high quality and efficiency, in line with global standards, HMSI has raised a dedicated Overseas Business Vertical in 2021. “