India may soon beat Indonesia to become Honda's largest market for two-wheelers. India has seen an increase in sales of two-wheelers made by Honda while the Indonesian market is slowing down.
Honda has set a target to sell 20 million two-wheelers by the year 2020, and India, including neighbouring countries such as Pakistan, Bangladesh, and Myanmar are key markets for the Japanese two-wheeler maker to achieve the target. As for India's contribution, Honda expects a big chunk of sales, about 7 to 8 million units to be sold by 2020.
Shinji Aoyama, the Chief Operating Officer (COO) at Honda Motorcycles, during the Tokyo Motor show said, India is a very important market for the company. He also added India will catch up with Indonesia regarding sales this financial year and by next year, India will beat Indonesia in sales to become Honda's largest two-wheeler market.
In India, Honda Motorcycle and Scooter has seen sales go up by threefold in the last four years. This fiscal, Honda plans to sell 4.7 million units and by next fiscal, the Japanese company plans to sell 6.4 million units in India.
Shinji Aoyama led Honda two-wheelers in India from 2007 to 2011. The COO for Honda says that the company's aim is to become the market leader in India as well, but isn't sure when.