Honda 2-wheelers India home gross sales bounce 5% in December 2020

Image Source : FILE PHOTO HMSI stated whereas the primary quarter of the continued fiscal put enterprise on pause mode, the second quarter was about stabilising the ecosystem and assembly the pent-up demand.
Honda Motorcycle & Scooter India (HMSI) on Monday reported 3 per cent enhance in whole gross sales in December 2020 at 2,63,027 models. The firm had offered whole 2,55,283 models in the identical month in 2019, HMSI stated in an announcement.
Domestic gross sales final month stood at 2,42,046 models as in opposition to 2,30,197 models in December 2019, a development of 5 per cent, it added.
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“Signalling to demand recovery continuing post the festival season, Honda’s two-wheeler YoY (year-on-year) sales uptick continued for the fifth consecutive month in December as well,” the corporate stated.
Commenting on the gross sales efficiency, HMSI Director – Sales & Marketing, Yadvinder Singh Guleria stated,”After the positive retail and wholesale traction in December’20, we enter 2021 with a new hope. The 3rd quarter marked the first quarter of positive sales after a long time.”

He additional stated,”The subsequent two quarters too, are anticipated to indicate some development as a result of low base impact however actual optimistic development and market enlargement might take a while.
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“However, we are all geared up for 2021 – Honda’s momentous 20th Anniversary year in India. With multiple brand new and exciting offerings in the pipeline, Honda will delight riders across categories with new Joy of Riding,” Guleria stated.
HMSI stated whereas the primary quarter of the continued fiscal put enterprise on pause mode, the second quarter was about stabilising the ecosystem and assembly the pent-up demand.
“The October–December quarter stood out as the first quarter of positive YoY sales for Honda. Honda’s Q3 domestic sales jumped 5 per cent on YoY basis to 11,49,101 units in Q3, FY’21 from 10,91,299 units in the same period last year,” it stated.
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