HMSI becomes number 1 in 11 states and 2 UT

Automatic Scooter market growing faster than motorcycles segment in 22 states and 1 UT

By: | Published: October 18, 2016 12:14 PM


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Honda Motorcycles and Scooters has become the 'Number 1 two-wheeler selling brand' in 11 states and 2 Union Territory across India. The claim is based on latest sales figures from the Society of Indian Automobile Manufacturers (SIAM) for the first quarter of FY 2015-16. The 11 states include Maharashtra, Karnataka, Gujarat, Kerala, Punjab, Delhi, Himachal Pradesh, Goa, Manipur, Nagaland, Arunachal Pradesh and 2 Union Territories (Chandigarh, Andaman & Nicobar Islands).

HMSI is the leader in automatic scooter segment with a 58 percent market share across India. In states such as Chandigarh, the company has 89 percent market share, while in Andhra Pradesh, the market share stands at 70 percent. In states including Maharashtra, Rajasthan, Jharkhand, Chhattisgarh, Punjab, Uttar Pradesh and Gujarat, the market share is 60 percent.

Also read about:Honda, Yamaha announce tie-up for small scooters

With the upcoming festive season, HMSI has announced various schemes for its customers till 31st October. These benefits, which includes Rs 2,000 cash benefit to Central Govt employees and PSU employees, exchange bonus of Rs 1,500 at the Honda's 115 pre-owned outlets. In addition, customers can avail lowered interest rates with a choice of finance partners.

On the evolution of Indian industry, Keita Muramatsu, President & CEO, Honda Motorcycle & Scooter India,said, “In the first quarter of FY’2015-16, Honda grew 50% faster than the industry at 22%. Honda 2Wheeler is now the ‘Most preferred 2-wheeler brand’ in 11 States and 2 Union Territories. Introduction of Activa 15 years ago brought the revolution of scooterization to India. Today, Activa is the No. 1 selling two-wheeler in India. What is most significant that customers in traditionally motorcycle driven states of India are now opting for scooters like never before.”