Japanese two-wheeler manufacturer HMSI inching closer in Indian motorcycle market
New Delhi sources reported that according to the latest data released by Society of Indian Automobile Manufacturers (SIAM), HMSI sold 1,801,390 units in the April 2017-February 2018 period, growing at 19.4%, while Bajaj Auto sold 1,815,590 units in the same period, de-growing at 1.89%.
However, the difference between the two
manufacturers was broadening in FY 2017. Meanwhile the last financial year,
Bajaj Auto sold 1,849,942 units in the April 2016-February 2017 period, while
Honda Motorcycle and Scooter India sold 1,451,417 units, a whopping difference
of 398,525 units which has now come down to 14,200 units in the ongoing
financial year.
Further YS Guleria,
senior vice president Sales & Marketing, Honda Motorcycle and Scooter
India, said “The financial year 2017-18 is shaping up as a historic year for
HMSI. For the first time, Honda created a new record by adding 1million plus
incremental customers and exports too have breached the 3 lakh mark in less
than one year.”