NEW DELHI: Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) today reported 53.64 per cent growth in its total sales for November at 1,99,154 units.
The company's total sales stood at 1,29,627 units in the corresponding month of the previous year, HMSI said in a statement.
Motorcycle sales jumped 32.82 per cent to 79,724 units in November this year, against 60,025 units in November 2010, it added.
The company reported an increase of 71.59 per cent in scooter sales to 1,19,430 units compared to 69,601 units in November 2010.
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Showing posts with label Honda Motorcycle. Show all posts
Showing posts with label Honda Motorcycle. Show all posts
Sunday, December 4, 2011
Tuesday, November 1, 2011
Honda Motorcycle & Scooter India sales zoom by 19.69% in Oct
NEW DELHI: Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) today reported 19.69 per cent jump in sales at 1,78,181 units in October.
The company's total sales stood at 1,48,861 units in the corresponding month last year, HMSI said in a statement.
Motorcycle sales grew by 4.64 per cent to 71,509 units in October 2011 as against 68,332 units in October 2010, it added.
The company reported 32.46 per cent jump in scooter sales to 1,06,672 units in October compared to 80,529 units in the year-ago period.
Tuesday, July 26, 2011
Honda Motorcycle, Bajaj Auto, TVS Motors dealers offering freebies with cash benefits
NEW DELHI: After a gap of more than four years, freebies are back in the two-wheeler market. Dealers are wooing customers with cash benefits and lower interest rates to get some traction on sales.
Although the two-wheeler market is still going strong with double-digit growth, a few bikes are facing the heat on declining customer interest and have joined the discount bogey.
For instance, sales ofHonda Motorcycle and Scooter India's premium 110cc bike, CB Twister, priced at an ex-showroom price of Rs 49,775 in Delhi, have been sluggish due to competiton from biggies like Hero Honda's Splendor that comes at a lower price of Rs 41,350.
Dealers are thus offering discounts of up to Rs 3,500 in select markets on the CB Twister.
"We are offering some benefits to reduce our stocks as the market has been slowing with retail sales getting impacting and cautious customers postponing their purchase decisions," a central Delhi-based Honda dealer said. The market has not been impacted much by rising fuel prices as by surging interest rates which have shot to over 22-24% in the past one year, rising by around 4%.
"The interest rates for two-wheelers has risen more compared to cars as the risk is high though the total value of vehicle is much lower. There are a few models where dealers are vying for customers attention by discounting rates," a top executive ofHDFC Bank said. The benefits are mainly coming from dealers as companies maintain that they have not initiated any freebies yet.
"The two-wheeler market is still going strong and we do not see any reason to offer any benefits now," said head of marketing atBajaj Auto, Milind Bade. However, the company's 100cc entry level bike, Discover, is being offered at 0% rate of interest. Analysts tracking the market say that discounts from dealers are precursor to what the company may offer in few months.
The dealers ofTVS Motors is luring customers with a few insurance and road tax benefits in certain markets on their 110 cc Star City bike with deal benefits of up to Rs 1500.
Although the two-wheeler market is still going strong with double-digit growth, a few bikes are facing the heat on declining customer interest and have joined the discount bogey.
For instance, sales ofHonda Motorcycle and Scooter India's premium 110cc bike, CB Twister, priced at an ex-showroom price of Rs 49,775 in Delhi, have been sluggish due to competiton from biggies like Hero Honda's Splendor that comes at a lower price of Rs 41,350.
Dealers are thus offering discounts of up to Rs 3,500 in select markets on the CB Twister.
"We are offering some benefits to reduce our stocks as the market has been slowing with retail sales getting impacting and cautious customers postponing their purchase decisions," a central Delhi-based Honda dealer said. The market has not been impacted much by rising fuel prices as by surging interest rates which have shot to over 22-24% in the past one year, rising by around 4%.
"The interest rates for two-wheelers has risen more compared to cars as the risk is high though the total value of vehicle is much lower. There are a few models where dealers are vying for customers attention by discounting rates," a top executive ofHDFC Bank said. The benefits are mainly coming from dealers as companies maintain that they have not initiated any freebies yet.
"The two-wheeler market is still going strong and we do not see any reason to offer any benefits now," said head of marketing atBajaj Auto, Milind Bade. However, the company's 100cc entry level bike, Discover, is being offered at 0% rate of interest. Analysts tracking the market say that discounts from dealers are precursor to what the company may offer in few months.
The dealers ofTVS Motors is luring customers with a few insurance and road tax benefits in certain markets on their 110 cc Star City bike with deal benefits of up to Rs 1500.
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