Honda Motorcycles planning to sell 27.5 lakh units this year

Posted in : News

(added few years ago!)

The Japanese two-wheeler major Honda Motorcycle & Scooter India (HMSI) has been open about its ambitions of reaching the top slot in the Indian two-wheeler market where its erstwhile partner of 26 years Hero MotoCorp sits prettily now. With about 14 per cent market share in two-wheeler segment, HMSI has now set a target to sell 27.5 lakh bikes and scooters in current fiscal against 21 lakh units sold in last fiscal.

The company has stated that it would expand its network by opening 500 dealers and sub-dealers in tier-II and tier-III cities as company is eyeing 30 per cent growth in sales in current fiscal. HMSI’s Vice-President (Sales & Marketing), Y S Guleria said "We will be adding 500 new dealers, sub-dealers in current fiscal which will take our network's total strength of 2,000. The main focus will be on expanding base in tier-II and tier-III cities."

Buoyed by increasing demand for two wheelers, HMSI is also coming up with a new plant in Karnataka which will have installed capacity of 12 lakh units per annum. "This new unit is expected to start operations in April 2013," Guleria said. HMSI is already having two plants in Haryana and Rajasthan with combined capacity of 28 lakh units annually.

Tags : Japanese, Honda Motorcycle & Scooter India, HMSI, Y S Guleria, Haryana, Rajasthan, April, 2013

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(added few years ago!) / 1248 views
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