1. Honda confident of maintaining 20 pc growth this fiscal

Honda confident of maintaining 20 pc growth this fiscal

Honda Motorcycle & Scooter India is looking at 20 per cent growth in two wheeler sales during the upcoming festive season.

By: | New Delhi | Updated: September 2, 2016 12:43 PM
hmsi-reu-L The company also plans to operate a third line at its Bengaluru plant by the middle of next year. (Reuters)

Honda Motorcycle & Scooter India is looking at 20 per cent growth in two wheeler sales during the upcoming festive season.

Earlier, the industry outlook on growth was in single digit but the way the industry has clocked double digit growth in the first four months of this fiscal attributed to overall positive sentiments on account of OROP, 7th pay commission, expected good monsoons, the industry is expected to grow between 15 to 17 per cent this fiscal, HMSI Senior President Sales and Marketing YS Guleria told reporters here.

“As far as Honda is concerned, we are already growing at healthy 20 per cent and are confident to maintain the same this fiscal,” he added. With the company’s Gujarat plant slated to go full steam by September-end, the company hopes to reduce pressure on deliveries during the festive season, he added.

The company also plans to operate a third line at its Bengaluru plant by the middle of next year.
“It will take our total installed production capacity to 6.4 million units by the middle of next year,” Guleria said.

Commenting on sales network, Guleria said the company plans to add 800 new sales points this year.
“Over 90 per cent of these outlets are coming up in tier II and III towns. We are inching closer to last mile in terms of our presence,” Guleria said.

The company plans to have around 5,400 outlets in the country by March 2017.

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