HomeNewsIndiaCoronavirus impact: Honda Motorcycle and Scooter India reports zero domestic sales in April

Coronavirus impact: Honda Motorcycle and Scooter India reports zero domestic sales in April

"Since suspending operations in this unprecedented crisis, Honda is taking strong measures for business continuity, safeguarding health and well-being of staff, families & communities at large," HMSI Director – Sales & Marketing Yadvinder Singh Guleria said.

May 07, 2020 / 13:21 IST

Honda Motorcycle and Scooter India (HMSI) on Saturday said it sold zero units in the domestic market last month as its production and sales network remained closed due to nationwide lockdown.

The company's domestic sales last month stood at nil as all four production facilities suspended operations from March 22 till now following lockdown guidelines issued by the government, HMSI said in a statement.

The two-wheeler major, however, exported 2,630 two-wheelers during the period, it added.

Coronavirus India LIVE Updates

"Since suspending operations in this unprecedented crisis, Honda is taking strong measures for business continuity, safeguarding health and well-being of staff, families & communities at large," HMSI Director – Sales & Marketing Yadvinder Singh Guleria said.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

During lockdown the company continues skilling-up workforce and dealer staff with various e-learning modules, he added.

"Preparations are on to resume operations after receiving respective approvals from the government while re-aligning with supply-chain constraints and evolving market sentiments," Guleria said.

Follow our full coverage of the coronavirus pandemic here.

PTI
first published: May 2, 2020 06:05 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347