Mumbai : Two-wheeler major Honda Motorcycle and Scooter India (HMSI) accounted for almost half of the incremental rise in two-wheeler sales in the country in May, riding on a 19 per cent jump in its volumes.
The company also yanked up its domestic market share by 2 percentage points to 27.5 per cent. Total sales of the six largest two-wheeler makers — Hero, Honda, Bajaj, TVS, Royal Enfield and Yamaha — rose by 1,47,411 units to 17,22,265 units in May, of which HMSI alone accounted for 69,191 units, or 47 per cent of the total incremental volume. “We have made a very strong start in the new financial year, and we have carried the momentum forward in May as well as Honda was the highest volume gainer in the industry with a contribution of 47 per cent to the incremental total volume,” HMSI Senior VP for Sales and Marketing Y S Guleria told PTI.
He said growth was driven mainly by the new models Livo, CB Shine SP and CB Hornet 160R. Guleria added demand is being driven by urban and semi-urban markets and with the IMD predicting a good monsoon, the company expects positive sentiment in rural areas as well. In the scooters segment, Guleria said automatic models lead the industry growth and Honda’s flagship model Activa continued to be the largest selling two-wheeler in January-April period this year, thanks to additional capacity coming in from its Gujarat plant.
