Bike Sales Report For December 2020: Honda Two-Wheelers Registers 3% Yearly Growth

Honda Motorcycle & Scooter India (HMSI) has announced the sales report for December 2020. As per the sales report, the company has registered a total of 2,63,027 scooters and motorcycle sold in the previous month.

Honda Bikes & Scooter Sales Report For December 2020: Registers 3% Growth In Year-On-Year Sales

This a 3 per cent increase in overall sales as compared to the 2,55,283 units sold during the same month last year. Out of the 2,63,027 units sold by the brand in the last month, 2,42,046 units were from domestic sales. While the rest 20,981 units came from exports of two-wheelers by the brand to various international markets.

Honda Bikes & Scooter Sales Report For December 2020: Registers 3% Growth In Year-On-Year Sales

Honda's domestic sales grew 5% to 242,046 units in the year 2020's last month compared to 230,197 units a year ago. According to the company, it has registered positive growth for the 5th consecutive month after the pandemic.

Honda Bikes & Scooter Sales Report For December 2020: Registers 3% Growth In Year-On-Year Sales

The first quarter of the current financial year was rough due to the Covid-19 pandemic. While the second quarter helped in stabilizing the ecosystem and meeting the pent-up demand. The third quarter of FY'2020-21, however, has been a good three months for HMSI.

Honda Bikes & Scooter Sales Report For December 2020: Registers 3% Growth In Year-On-Year Sales

During the third quarter of the current financial year between October and December 2020, the company has registered its first positive quarter in Year-on-Year sales comparison. Honda's Q3 domestic sales jumped 5% on YoY basis to 11,49,101 units in Q3, FY'21 from 10,91,299 units in the same period last year.

Honda Bikes & Scooter Sales Report For December 2020: Registers 3% Growth In Year-On-Year Sales

Mr Yadvinder Singh Guleria, Director - Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, "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. The next 2 quarters too, are expected to show some growth due to the low base effect but real positive growth and market expansion may take some time.

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."

Honda Bikes & Scooter Sales Report For December 2020: Registers 3% Growth In Year-On-Year Sales

Thoughts About The Honda Two-Wheelers Sales Report For December 2020

Honda is among the top two-wheeler manufacturers in the country. The company is known for some of its best models sold in the country such as the Activa scooter and the Shine motorcycle; among others. The company has completed the calendar year 2020 on a high note by posting positive sales growth in December 2020.

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Read more on: #honda motorcycle #sales
Article Published On: Monday, January 4, 2021, 21:20 [IST]
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