Honda Drives 1/2 Of India’s -Wheeler income increase In may also

Honda Drives Half Of India's Two-Wheeler Sales Growth In May
Mumbai: -wheeler fundamental Honda motorbike and Scooter India (HMSI) accounted for nearly half of of the incremental rise in two-wheeler sales in the us of a final month, driving on a 19 in line with cent soar in its volumes.

The corporation additionally yanked up its home market share through 2 percentage factors to 27.5 in line with cent.

general income of the six biggest two-wheeler makers – Hero, Honda, Bajaj, TVS, Royal Enfield and Yamaha – rose by means of 1,forty seven,411 devices to 17,22,265 devices in might also, of which Honda motorcycle and Scooter India alone accounted for 69,191 devices, or 47 per cent of the whole incremental volume.

“we’ve got made a very strong start in the new economic year, and we have carried the momentum ahead in may additionally as well as Honda changed into the best volume gainer within the enterprise with a contribution of 47 in keeping with cent to the incremental overall quantity,” HMSI senior vice chairman for sales and advertising Y S Guleria informed PTI.

He said boom turned into pushed in particular via the brand new fashions Livo, CB Shine SP and CB Hornet 160R.

Mr Guleria further said demand is being driven with the aid of city and semi-city markets and with the India Meteorological department (IMD) predicting a very good monsoon, the organization expects a advantageous sentiment in rural regions as properly.

in the scooters phase, Mr Guleria said automated models lead the industry increase and Honda’s flagship version Activa persevered to be the most important promoting -wheeler in January-April length this yr, way to extra capability coming in from its Gujarat plant.

“we are running at complete capacity in all our 4 flora. however, to in addition meet the 30,000 lower back orders for scooters, we’re running toward making our second line on the Gujarat plant operational soon,” he brought.

Honda commissioned the six lakh units first line in Gujarat ahead of schedule in February. the second line with a comparable potential will be on movement this month or early July, Mr Gulerai stated.

the japanese two-wheeler foremost, the second biggest player here, sold four,36,358 devices in may also, up from three,sixty seven,167 devices a year in the past, a growth of nineteen in keeping with cent (which includes both domestic income and exports). Out of this, scooter sales rose to two,68,423 gadgets from 2,15,241 gadgets a 12 months in the past, and motorcycle extent rose to at least one,forty seven,479 units from 1,38,140 units.

Its exports crossed the 20,000 units mark the second time at 20,456 gadgets, up over forty eight in keeping with cent 12 months-on-yr.

Honda hopes to pass the five.four million income mark for the primary time this yr from four.eight million final 12 months.

“For the primary time, we’ll be capable of go 5 million sales mark this 12 months,” Mr Guleria said, adding that the 1.2 million scooters-most effective Gujarat plant will assist in accomplishing the target.

Honda’s domestic extent grew 18 consistent with cent within the month, that’s the best within the eight months because the remaining festive season, he stated.

against this, enterprise leader Hero MotoCorp saw its volume inch up 2.3 per cent to 5,eighty three,117 devices inside the month, even as Bajaj automobile noticed its extent upward thrust 3.four consistent with cent to 347,655 devices.

TVS Motor noticed a extent growth of 10.eight in step with cent to two,43,783 units, while Yamaha mentioned a 36 in keeping with cent jump in sales to sixty two,748 gadgets.

In a research notice, LKP Capital said the overall performance of the car enterprise in April become very robust albeit on a low base. In may also, this momentum bogged down a piece on seasonal elements – with April being the month wherein the wedding season changed into at its peak in northern and western regions, and inventory build-up turned into heavy to cater to the retail call for.

Honda got off to a stellar begin this monetary 12 months with April sales zooming 26.51 in line with cent to 4,31,011 devices, at the same time as Hero MotoCorp, after a complete 12 months of falling income in 2015-sixteen, witnessed a fifteen per cent spurt.

Bajaj noticed extent falling 2 per cent to a few,30,109 gadgets.

For the entire economic 12 months 2015-16, even as -wheeler income inched up 2.7 in step with cent to one,89,37,104 gadgets (domestic income and exports), Honda income rose to 44,83,835 devices from 44,39,983 devices, out of which domestic income stood at 42,fifty three,471 devices, up from 42,eighty three,690 units in FY14, statistics from the Society of Indian vehicle Manufactures SIAM showed.

“FY17 is going to be our maximum definitive year right here. Our priorities can be strengthening our connect with the teens, make all our fashions BS-IV compliant on the earliest whilst preserve to aggressively make inroads into rural markets, which now contributes around 35 consistent with cent of total income,” Mr Guleria said.

The Rs 1,one hundred-crore manufacturing facility at Vithalapur close to Ahmedabad is a scooters-handiest plant. for the reason that its access, Honda has invested over Rs 7,800 crore within the united states. It employs round 20,000 people, which includes 3,000 people at the Gujarat plant. (Honda commenced impartial operations after cut up with Hero in 2011 with a 1.65 million units plant at Manesar in Haryana).

the two-wheeler marketplace is on route to touch the 20 million mark through 2020 from 16 million in 2014-15, however the enterprise is concerned about the new emission and protection norms.