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Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) has closed the 2017-2018 financial year on a historic note. They have created a new world record by becoming the first two-wheeler company in the world to add 1 million plus incremental customers in a single fiscal year.
Sharing highlights of Honda’s performance in FY’2017-18, Mr. Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said, “2017-18 is the year of rise of Honda in India. Honda 2Wheelers India is the only two-wheeler company in the world to grow at a pace witnessed never before, adding 1 million plus incremental customers in a single year. Led by strong customer demand, Honda has surpassed its most challenging target ever and sales apexed at 6,123,886 units with 22% growth. With 4 brand new models, new capacity infusion, addition of 500 new network outlets increasing our reach to hinterlands, Honda successfully consolidated leadership further in scooter segment while aggressively gaining new motorcycle customers.”
The record FY’2017-18 sales:
Honda 2Wheelers India’s total sales grew at 22% from 5,008,230 units in FY’2016-17 to 6,123,886 units in FY’2017-18. Honda’s domestic sales crossed 4,725,067 units in FY’2016-17 to ever highest of 5,775,243 units in FY’2017-18. Exports have crossed the 3 lakh threshold for the first time and increased 23% in FY’2017-18. (As per SIAM data and HMSI internal study)
Sharing highlights of Honda’s performance in FY’2017-18, Mr. Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd. said, “2017-18 is the year of rise of Honda in India. Honda 2Wheelers India is the only two-wheeler company in the world to grow at a pace witnessed never before, adding 1 million plus incremental customers in a single year. Led by strong customer demand, Honda has surpassed its most challenging target ever and sales apexed at 6,123,886 units with 22% growth. With 4 brand new models, new capacity infusion, addition of 500 new network outlets increasing our reach to hinterlands, Honda successfully consolidated leadership further in scooter segment while aggressively gaining new motorcycle customers.”
The record FY’2017-18 sales:
Honda 2Wheelers India’s total sales grew at 22% from 5,008,230 units in FY’2016-17 to 6,123,886 units in FY’2017-18. Honda’s domestic sales crossed 4,725,067 units in FY’2016-17 to ever highest of 5,775,243 units in FY’2017-18. Exports have crossed the 3 lakh threshold for the first time and increased 23% in FY’2017-18. (As per SIAM data and HMSI internal study)
| Honda 2Wheelers India sales | Fiscal year sales | March sales | ||
| FY’2017-18 | FY’2016-17 | March’18 | March’17 | |
| DOMESTIC | 5,775,243 | 4,725,067 | 417,336 | 338,856 |
| Export | 348,643 | 283,163 | 23,163 | 27,234 |
| TOTAL SALES | 6,123,886 | 5,008,230 | 440,499 | 366,090 |
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