Honda Motorcycle & Scooter India (HMSI) has disclosed its sales figures for March 2024. The company posted total sales of 3,86,455 units, marking an 82 per cent year-over-year increase. Of the total units, domestic sales stood at 3,58,151 units and exports at 28,304 units. The former recorded an 81% year-over-year growth in March FY2024, while the latter grew 95 per cent over the corresponding period of FY2023. For the financial year 2023-24, HMSI reported total sales of 48,93,522 units, up from 43,50,943 units retailed in the financial year 2022-23.
HMSI's overall growth can be attributed primarily to the Activa, the company's bestselling scooter. Within a year after it sold more than 3 crore units of the Activa in the country, HMSI announced a major milestone of delivering over 6 crore (60 million) two-wheelers across India. Of which, the Activa accounted for 53 per cent of HMSI's cumulative sales since 2001. Moreover, the company had announced a 3 crore unit sales milestone for the scooter in June 2023.
In terms of mechanicals, the Honda Activa gets two engine options – a 109.51cc single-cylinder air-cooled unit with 7.68bhp and 8.79Nm and a 124cc air-cooled mill with 8.1bhp and 10.4Nm. The scooter ranges from Rs 76,234 for the standard version to Rs 88,979 (ex-showroom, Delhi) for the Activa 125 H-Smart. In the segment, the Honda Activa rivals the TVS Jupiter, Hero Pleasure Plus, Hero Maestro Edge, and Hero Xoom.
HMSI Sales Growth: Other Contributors
Other contributors to the sales growth include the Shine, Dio, H’ness CB350, and Hornet. Speaking of the Shine, the company's 125cc commuter bike surpassed the 30-lakh unit sales mark last year in Western India (Maharashtra, Goa, Gujarat).
Powering the Honda Shine 125 is a 125cc, single-cylinder, air-cooled engine, which includes Programmed Fuel Injection (PGM-FI) technology, enhanced Smart Power (eSP), and a Honda ACG starter. This engine meets OBD2 (onboard diagnostics) compliance and is also E20 fuel-ready. The power and torque figures stand at 10.6bhp at 7,500rpm and 11Nm at 6,000rpm, respectively.
HMSI: Recent Launches
The year 2023-24 saw Honda bring five new models into the Indian market, namely the SP160, Dio 125, CB350, XL750 Transalp and the NX500. Besides, the company also introduced a range of special editions, including the Activa Limited Edition, SP125 Sports Edition, and Repsol Editions (Hornet 2.0 and Dio 125).
HMSI: Upcoming Launches
Honda is planning on bringing the electric derivative of the Activa in 2024. The Honda Activa Electric will feature a fixed battery setup and offer a maximum speed of 50km/h. Following this will be the second electric scooter built around a new platform. This will be a high-performance electric vehicle with a swappable battery setup.
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