Honda Motorcycle and Scooter India Sales up by 31% in January

Honda Motorcycle and Scooter India (HMSI) today reported a 33 percent jump in total sales at 5,17,732 units in January. The company sold 3,89,313 units in January 2017, HMSI said in a statement. In the domestic market, the company posted 33 percent jump in sales to 4,88,809 units in January 2018, as against 3,67,972 units in the year-ago month.

Besides, the company said it has surpassed 5 million sales mark in just 10 months, selling a total of 51,63,559 units during April 2017 to January 2018.

"With almost 50 percent of two-wheeler demand coming from rural and semi-urban India, Budget 2018 should have a positive impact on customer sentiments," HMSI Senior Vice President - Sales and Marketing Yadvinder Singh Guleria said. Exports during the month grew 36 percent to 28,923 units as against 21,341 units in January 2017.

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