In September, Honda 2W gross sales stood a little bit shy of Hero MotoCorp’s and takes the spot of second highest-selling 2W firm in India

Honda Motorbike & Scooter India PVT LTD was on the verge of overtaking Hero MotoCorp final month. However 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 items within the nation and gained 25,241 items in quantity development. The Japanese model registered a 5.44% YoY development. In distinction, Honda offered 4,63,683 items in September 2021. Honda 2W home gross sales account for 94.29% of the corporate’s complete gross sales. With 4,23,216 items offered in August 2022, Honda noticed a MoM development of 15.23%.

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Honda 2W Gross sales September 2022

Despite the fact that the corporate registers a small YoY development within the home market, exports thrive rather a lot higher. With 29,635 items shipped in September 2022, the corporate registered 62.61% YoY development. Quantity acquire stood at 11,410 items with simply 18,225 items shipped in September 2021. Honda’s exports account for five.71% of the corporate’s complete gross sales.

Whereas Honda reveals a robust development YoY in exports, the corporate registered a 24.61% drop in gross sales MoM. That is due to the 39,307 items that Honda shipped in August 2022. The corporate’s exports accounted for 8.5% final month which is decreased to five.71% in September 2022.
Commenting on firm’s optimistic momentum within the run-up to festivities, Mr. Atsushi Ogata, Managing Director, President & CEO, Honda Motorbike & Scooter India stated, “The auto-industry registered a robust demand drive within the 2nd quarter as this momentum continues to rise with the on-going competition celebration.

All our dealerships are witnessing a visual rise in bodily walk-ins in addition to buyer inquiries. With an thrilling vary of mannequin line-ups throughout segments to select from, we’re all set to thrill our prospects this festive season.”

In complete, Honda 2W pushed out 5,18,559 items and registered 7.61% YoY development with a quantity acquire of 36,651 items and 12.12% MoM development with a quantity acquire standing at 56,036 items. In distinction, Honda offered 4,81,908 items in September 2021 and offered 4,62,523 items in August 2022. With in style 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 be doing nicely in gross sales.

YTD Gross sales

Honda 2W gross sales September 2022 YTD stood at 13,14,841 items in Q3 2022. With these gross sales figures, Honda has gained 9.09% YoY when in comparison with 12,05,296 items pushed out in Q3 2021 with a quantity acquire standing at 1,09,545 items. When in comparison with Q2 of 2022, Honda registered a strong development of 32.13% QoQ when in comparison with simply 9,95,136 items pushed out in Q2 2022. Quantity acquire stood at 3,19,705 items in Q3 2022 over Q2 of 2022.