Honda Motorbike & Scooter India (HMSI) on Monday reported 3 per cent enhance in complete gross sales in December 2020 at 2,63,027 items. The corporate had offered complete 2,55,283 items in the identical month in 2019, HMSI mentioned in a press release.
Home gross sales final month stood at 2,42,046 items as towards 2,30,197 items in December 2019, a progress of 5 per cent, it added.
“Signalling to demand restoration persevering with publish the competition season, Honda’s two-wheeler YoY (year-on-year) gross sales uptick continued for the fifth consecutive month in December as nicely,” the corporate mentioned.
Commenting on the gross sales efficiency, HMSI Director – Gross sales & Advertising and marketing, Yadvinder Singh Guleria mentioned,”After the constructive retail and wholesale traction in December’20, we enter 2021 with a brand new hope. The third quarter marked the primary quarter of constructive gross sales after a very long time.”
He additional mentioned,”The following two quarters too, are anticipated to point out some progress because of the low base impact however actual constructive progress and market growth might take a while.
“Nevertheless, we’re all equipped for 2021 – Honda’s momentous twentieth Anniversary yr in India. With a number of model new and thrilling choices within the pipeline, Honda will delight riders throughout classes with new Pleasure of Using,” Guleria mentioned.
HMSI mentioned 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 primary quarter of constructive YoY gross sales for Honda. Honda’s Q3 home gross sales jumped 5 per cent on YoY foundation to 11,49,101 items in Q3, FY’21 from 10,91,299 items in the identical interval final yr,” it mentioned.