HMS Stock: For the second month in a very row once note ban, Honda motorbike & Scooter Asian nation (HMSI) nowadays aforesaid its February sales grew five per cent to three,69,865 units whereas the business as an entire saw flat sales.
This comes against a flat growth for the business within the reportage month, whereas for the past 3 months, the business sales are catching.
This takes HMSI’s year-to-date sales (domestic and exports) growth at thirteen per cent, whereas for the business this is often solely five per cent, HMSI aforesaid in a very statement.
HMSI additionally had lost sales in November and December following the note ban, however because the business continued to say no, its market share in February rose to by one.4 per cent to twenty seven.2 per cent, the corporate supplementary.
This has had Honda rising because the highest volume contributor to the business throughout the year, with 24,150 units supplementary within the overall two-wheeler business, Yadvinder Singh Guleria, senior VP for sales & selling aforesaid.
While the business exports fell eight per cent YTD, Honda’s exports jumped thirty-nine per cent to a pair of.56 large integer units throughout April 2016-February 2017 amount from one.84 large integer throughout identical amount last year.