Honda for the first time in its 17 years of Indian operations have surpassed 5 million sales mark in a single calendar year. Honda sold a total of 5,794,893 units in Jan to Dec 2017. Paralelly, Honda’s exports grew by a phenomenal 29% – strengthening its position as India’s 3rd largest two-wheeler exporter. Demonetization created a low base effect for the industry in December but the demand was visible.
Honda’s December domestic sales grew by solid 77% from 205,158 units in 2016 to 363,226 units in 2017.
Total sales grew 68% from 231,763 units in 2016 to 390,420 units in 2017. Led by Activa and the new Grazia and CLIQ, Honda’s December scooter sales grew by 57% from 151,758 units in 2016 to 238,818 units in 2017. Boosted by India’s best-selling 125cc motorcycle CB Shine, Honda’s motorcycle sales in December fast-tracked 133% from 53,400 units in 2016 to 124,408 units in 2017. Honda is on its way to becoming the best two-wheeler seller in the country and could quite possibly overtake Hero MotoCorp to become the biggest in the world within the next few years.
