Honda Motorcycle Registers 86 Percent Sales Growth in February, Improvement in Rural Demand Gives Push to Company

Honda Motorcycle and Scooter India (HMSI), one of the largest two-wheeler companies, has seen its February sales increase by 86 percent on a year-on-year basis. Last month the company sold 4,85,711 units. In the same month last year, these sales were 2,47,195 units. The company said that its wholesales in the country have been 4,13,967 units. In February last year it was 2,27,084 units.

This Japanese company has a large range of motorcycles and scooters. It has been at the first position in the scooter market along with Activa for many years. Rural demand contributes significantly to the company’s sales. HMSI expects the growth momentum in the two-wheeler segment to continue in the coming months.

Recently HMSI launched SP125 Sports Edition motorcycle. Its price is Rs 90,567 (ex-showroom, Delhi). It will be available at Honda Red Wing dealerships across the country. This motorcycle has better tank design, matte muffler cover and new graphics than before. It will be available in Decent Blue Metallic and Heavy Gray Metallic colors. It has bright LED headlamp, fully digital instrument console. Mileage related information will also be available along with gear position indicator in its instrument console. The SP125 Sports Edition is powered by a 123.94 cc, single cylinder BS 6, OBD2 compliant PGM-FI engine, which generates 8 kW of power and 10.9 Nm of torque. The company is giving a special 10 year warranty with it which includes three years standard warranty and seven years optional warranty.

International automobile company Honda plans to invest $3.4 billion in manufacturing electric motorcycles and mopeds. Honda, one of the world’s largest two-wheeler makers, plans to launch 30 new electric two-wheelers by the end of this decade. The company also aims to reduce the cost of electric motorcycles. The company had said in a statement that it will invest about $ 700 million by 2025 for the electrification of its motorcycles. After this, about 2.7 billion dollars will be invested till 2030. Honda has also increased its global sales target to 40 lakh units by 2030. The company plans to initially use the existing infrastructure for its internal combustion engine models.