Honda Motorcycle & Scooter India Sales Increase 45 Percent in May Shine 100 Getting Strong Demand

Honda Motorcycle & Scooter (HMSI), one of the largest two-wheeler companies, saw its wholesales in the country increase by nearly 45 percent year-on-year to 4,50,589 units in May. In the same month last year, the company’s sales were 3,11,144 units. The company’s exports have increased by 127 percent in May.

Earlier this year, HMSI had reported that it had sold more than three lakh units of the Shine 100 motorcycle within a year of its launch. The company’s sales in the 100-110 cc segment had grown rapidly in the last financial year. HMSI has started a new engine assembly line in Manesar, Haryana. It can manufacture 600 engines per day ranging from 100 cc to 300 cc. The company’s sales had increased by 12 percent in the last financial year. HMSI had recorded record sales of 48,93,522 units.

Recently the company has also launched two new products. These include SP160 motorcycle and Dio 125. The SP160 is priced between Rs 1.18 lakh and Rs 1.22 lakh (ex-showroom). Dio 125 is the company’s second 125 cc scooter after Activa. Its price ranges from Rs 83,400 to Rs 92,300. HMSI had 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 been given a better tank design 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.

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, also 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 that it will invest about $ 700 million by 2025 for the electrification of its motorcycles. After this, about $2.7 billion will be invested by 2030.