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As India entered Unlock 1.0 and over 95% of Honda’s network resumed operations by the first week of June’20; Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) saw a sustained uptick in two-wheeler demand during the month.
The second month of the return of economic activity saw Honda’s total two-wheeler dispatches shoot up nearly 4 times to 210,879 units in June’20 (202,837 domestic and 8,042 exports) compared to 54,820 units in May’20 (54,000 domestic and 820 exports).
With more and more Indians now preferring personal mobility for safety, Honda’s retails jumped 156% to nearly 3 lac units in June’20 from 1.15 lac units in May. Furthermore, as safety & sanitization becomes No. 1 priority in the New Normal, service visits to Honda’s authorized workshops too more than doubled to 22 lac+ units (vs. 10.5 lac visits in May’20).
Sharing the rapidly evolving two-wheeler demand scenario, Yadvinder Singh Guleria, Director – Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “Around 95% of Honda dealers resumed their business, while our supply chain further stabilized to align with the rebooting of our production operations in all the 4 plants. With over 150% spike in our retails, June turned out to be the first confidence booster. Honda 2Wheelers created new buzz in the market introducing a maximum number of four BS-VI models in just 1 month – CD 110 Dream, Grazia 125, 2020 Africa Twin & Livo. We are also witnessing a new demand getting unlocked with preference to personal mobility over public transport and two-wheelers becoming the first choice to this shift in the market.”
