HMSI sales grow 32% in September to record 5,69,011 units

Honda Motorcycle and Scooter India (HMSI) reported a 32.1 percent increase in its total sales at a record 5,69,011 units in September.

The company had sold 4,30,724 units in September last year, HMSI said in a statement.

Sales in September 2016 was its best-ever monthly sales, breaking the previous record of 4.92 lakh in August this year, it added.

Domestic sales grew 31 percent to 5,39,662 units as against 4,11,635 in the same month last year.

Scooter sales were at 3,55,655 units as compared with 2,64,408 in September 2015, up 35 percent, while motorcycle sales grew 25 percent to 1,84,007 units in September 2016 as against 1,47,227 units in the year-ago month.

On the sales performance, HMSI Senior Vice-President, Sales and Marketing, Yadvinder Singh Guleria said: "September was a historic month for Honda. The positivity in the economy led by 7th Central Pay Commission, one rank one pension (OROP) disbursements and favourable monsoon has translated to a robust return of demand in the two-wheeler sector ahead of festivals." On the festive season sales, he said the company had started planning six months back.

"By leveraging the 12 lakh additional production bandwidth coming from the fourth plant, Honda is for the first time ever ensuring ready availability of all its models, including Activa, throughout the festive season right up to its last-mile rural network," Guleria said.

Overall, led by festive buying, Honda is confident of a bumper October sales.

HMSI said it also had record exports in September at 29,349 units as compared with 19,089 in the same month last year, a growth of 53.75 percent.