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 models within the nation and gained 25,241 models in quantity progress. The Japanese model registered a 5.44% YoY progress. In distinction, Honda offered 4,63,683 models in September 2021. Honda 2W home gross sales account for 94.29% of the corporate’s complete gross sales. With 4,23,216 models offered in August 2022, Honda noticed a MoM progress of 15.23%.

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Honda 2W Gross sales September 2022

Regardless that the corporate registers a small YoY progress within the home market, exports thrive quite a bit higher. With 29,635 models shipped in September 2022, the corporate registered 62.61% YoY progress. Quantity achieve stood at 11,410 models with simply 18,225 models shipped in September 2021. Honda’s exports account for five.71% of the corporate’s complete gross sales.

Whereas Honda exhibits a powerful progress YoY in exports, the corporate registered a 24.61% drop in gross sales MoM. That is due to the 39,307 models that Honda shipped in August 2022. The corporate’s exports accounted for 8.5% final month which is diminished 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 powerful demand power 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 please our clients this festive season.”

In complete, Honda 2W pushed out 5,18,559 models and registered 7.61% YoY progress with a quantity achieve of 36,651 models and 12.12% MoM progress with a quantity achieve standing at 56,036 models. In distinction, Honda offered 4,81,908 models in September 2021 and offered 4,62,523 models in August 2022. With fashionable merchandise like Activa scooter sequence, Unicorn, CB Shine commuter, Dio and extra, Honda is prone to push extra gross sales within the festive season. On the premium finish, Honda CB350 can also be doing nicely in gross sales.

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YTD Gross sales

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