Includes plans of launching four new products this fiscal
Financial year ending 2017 was a great one for Honda Motorcycle and Scooter India. Not only did they record a growth of about 12 percent in the year, but they also registered an all-time high sales figure of over 5 million units. Even after tasting such success, seems like Honda isn’t going rest. In a recent announcement from the company, Honda declared that they aim to up this number to 6 million units in the financial year 2017-18. To achieve this feat, the company has also made adequate changes to its assembly line, which starting July 2017 will have a production capacity of 6.4 million units.
Minoru Kato President & CEO of Honda Motorcycle & Scooter India Pvt. Ltd. said, “In 2016, Honda 2Wheelers India became the Number One contributor to Honda’s global two-wheeler business. Today, the Indian market is at the cusp of its biggest ever paradigm shift. The BS-VI norms which are set to become enforceable by 2020 will make India quality match World’s most stringent quality standards. Honda’s vision is to build exponentially over our solid foundation and ‘to become a company that not only Indian but also Asian society and customers expect to exist. Our new business direction is to be leading in India and the World.”
Leaving the numbers game aside, Honda also plans to introduce four new products this year. The first of the lot is the renowned Africa Twin – an adventure motorcycle that enthusiasts have been looking forward to for a while now. The litre-class adventure offering will go on sale in India just with the DCT autobox. The Japanese bike maker didn’t reveal any more information about the other new launches for the year.
Last year, Honda became the third largest two-wheeler exporter in India. Further, the company also aims at increasing their exports to 3 lakh unit mark this financial year and by the time the BS VI rule sets in, make India the centre for all export markets.