Honda posts robust 31% growth with 4 lac+ domestic sales in Feb'21

Maintaining positive sales growth momentum for the 7 th consecutive month, Honda Motorcycle & Scooter India Pvt. Ltd. today announced its February 2021 sales.
Honda 2Wheelers India closed February'21 with a strong 31% jump in domestic sales to 411,578 units in Feb'21 as compared to 315,285 units sold last year.

Parallely, Honda's exports grew 16% to 31,118 units with its BS-VI models exports gaining momentum in new overseas markets as well.

Honda's total sales jumped by a strong 29% to 442,696 units compared to 342,021 units last year. This growth was led by 1 lac+ additional two-wheelers sales (+100,675 units) in Feb'21 vs. last year.

Talking about the sales achievement, Mr. Yadvinder Singh Guleria, Director - Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, "While the industry growth is expected to hover near the double digits in Q4 and upcoming Q1 due to the low base of BSVI transition, Honda continues to drive the 2Wheeler demand recovery for 2 nd straight month of 2021. Backed by robust demand for our models across both Red Wing and Silver Wing (300cc+ premium motorcycles), Honda's sales have surged 31% in February'21. We are confident of maintaining the positive sales momentum in coming months too, with our 3 new models (CB350RS, 2021 Africa Twin Adventure Sports, Grazia sports edition) exciting the market."

Source : Equity Bulls

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