HMSI
Hyundai falls behind M&M, Tata Motors in Feb retail sales: FADA
Hyundai Motor India slipped to fourth place in the Indian passenger vehicle market in February, with retail sales dropping by 20 percent year-on-year. Maruti Suzuki India led the market, followed by Mahindra & Mahindra and Tata Motors. In the two-wheeler segment, Hero MotoCorp retained the top spot.
HMSI domestic sales dip to 7 pc in Feb
Honda Motorcycle and Scooter India announced on Monday a 7% year-on-year drop in domestic sales for February, with 3,83,918 units sold. This compares to 4,13,967 units dispatched to dealers in February 2024.
Electric 2-wheeler sales remain in fast lane, market share may grow three-fold in five years
India's leading two-wheeler manufacturers, including Hero MotoCorp, HMSI, and TVS Motor, predict that electric two-wheelers will account for 20% of market sales by 2030, driven mainly by scooters. Hero is launching a new affordable electric scooter, while Honda is focusing on battery swapping stations. TVS Motor, the largest legacy EV maker, is also planning several EV launches.
Hero’s search for a hit: Hero MotoCorp, India’s largest two-wheeler maker, struggles to stem dwindling market share
Hero MotoCorp faces mounting challenges as its market share hits a decade-low and rivals gain ground. With executive departures and underperforming new models, the company is struggling to maintain its leadership in the two-wheeler market while its EV segment grows sluggishly.
No 1 position in Indian two-wheeler market within sight: Honda
Honda aims to become the leading two-wheeler manufacturer in India by launching a variety of new products, including scooters and electric vehicles. They will also start a dedicated electric two-wheeler production plant in 2028. Honda plans to cater to diverse customer needs and expand their sales network in India and globally.
Two-wheeler companies expect sales to reach pre-Covid highs in FY26
Motorcycle and scooter sales in India are predicted to grow by 8-10% next fiscal, driven by strong rural demand, decreasing urban inflation, and a higher number of wedding dates. Sales are expected to surpass the pre-Covid peak, potentially exceeding 21.18 million units, with a significant contribution from electric vehicles.
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Two-wheelers not luxury, tax cut needed to spur demand: HMSI
Honda Motorcycle and Scooter India seeks a reduction in GST on two-wheelers, calling them a necessity for many, rather than a luxury. They also highlight the need for income tax rationalization to boost spending. Rising costs due to regulatory changes and limited rural demand have impacted affordability and market growth.
CCI dismisses abuse of dominance complaint against Honda Motorcycle & Scooter India
The Competition Commission of India (CCI) rejected a complaint against Honda Motorcycle & Scooter India for allegedly abusing its dominant position. The complaint involved claims of coercion, unfair practices, and abrupt dealership termination, which CCI determined to be contractual disputes, not falling under the purview of anti-competitive norms.
Honda Motorcycle & Scooter India sales up 32% at 58.01 lakh units in 2024
HMSI reported a 32 per cent increase in total wholesales to 58,01,498 units for the year 2024 compared to the previous year. The total included 52,92,976 domestic sales and 5,08,522 units of exports. Last month's sales figures were 3,08,083 units, with domestic sales at 2,70,919 units and 37,164 units exported.
HMSI sets up dedicated unit for electric 2Ws in K'taka; to roll out 10L units per year by 2030
"Electric mobility is growing in India and our aim is to build the country's best EV business structure. To fulfil our EV business requirements we are coming up with a dedicated factory in Narsapura," Honda Motorcycle &Scooter India (HMSI) Managing Director, President and CEO Atsushi Ogata told reporters here.
HMSI sets up dedicated unit for electric 2Ws in K'taka; to roll out 10L units per year by 2030
"Electric mobility is growing in India and our aim is to build the country's best EV business structure. To fulfil our EV business requirements we are coming up with a dedicated factory in Narsapura," Honda Motorcycle &Scooter India (HMSI) Managing Director, President and CEO Atsushi Ogata told reporters here.
HMSI launches 100-cc Shine, looks to sell 3 lakh units in a year
The production of Shine 100 will commence next month while its deliveries will begin in May, the company said. Shine is the highest-selling motorcycle in the HMSI portfolio. "Internal target (for Shine 100) is 3-lakh units," Ogata said and added that the target for the next three years is to attain 6-lakh units.
Honda Motorcycle inks pact with IT infra firm Kyndryl
At present, Kyndryl manages infrastructure services for plant production applications, enterprise and dealer management systems for all HMSI dealers.
HMSI total wholesales in May at 3,53,188 units
"The market is gaining back strength as disturbances in terms of supply side are subsiding coupled with rise in physical presence at office and educational institutions," HMSI Managing Director, President and CEO Atsushi Ogata said in a statement.
Key executives across sales, services and logistics exit from Honda Motorcycles and Scooters India
Apart from Guleria, Pradeep Pandey senior vice-president (customer service), HMSI has put in his papers. In February this year Shekhar MC, formerly general manager (finished vehicles logistics), too exited the company and joined Ola Electric Mobility.
HMSI exports cross 30 lakh unit milestone
"Such milestones are a shining testimony of HMSI's sustained efforts in expanding Honda's footprint in global exports," HMSI Managing Director, President & CEO Atsushi Ogata said in a statement.
Honda Motorcycle & Scooter plans to launch multiple products to take on Hero MotoCorp
The company has concluded a study to introduce an entry-level product, where it has limited presence, with CD110. HMSI is also exploring options to grow its footprint in the 150-cc segment, which is seeing increased traction from customers.
Honda Motorcycle & Scooter India's 2nd wind turbine system in Gujarat goes on stream
Built with an investment of Rs 17.6 crore, Honda will now produce total 4.7 MW wind energy including its first wind turbine system (2 MW capacity) installed at Radhanpur in Gujarat last year, HMSI said in a statement.
HMSI crosses 5 cr cumulative sales mark in domestic market
While the first 2.5 crore customers were added in 16 years, the next 2.5 crore customers were added in five years to breach the five crore customer milestone, Honda Motorcycle & Scooter India (HMSI) said in a statement.
HMSI sales drop by 8 pc in September
The company had posted total sales of 5,26,866 units in the same month last year, HMSI said in a statement. Domestic sales in September this year stood at 4,63,679 as against 5,00,888 units in the year-ago month.
HMSI H'ness CB350 crosses 10k sales mark in three months of launch
"H'ness CB350 is well appreciated for its modern-classic design, advanced features, refinement and build quality, not to forget - the rich, distinctive roar of the exhaust note. With a limited BigWing network, we have already crossed 10,000 sales milestones in a short time and carrying backorders as well across several towns," HMSI Director - Sales and Marketing Yadvinder Singh Guleria said.
Production on Gujarat plant's third line may start in 2-3 years: HMSI
Honda Motorcycle & Scooter India Pvt Ltd (HMSI) had gone ahead with the construction of a third line to add 6 lakh units per annum at the Gujarat plant, having a total capacity of 12 lakh units per annum.
HMSI starts utilising Hazira-Ghogha inland waterway in Gujarat
The company dispatched its first two-wheeler consignment using the ferry service from Narsapura plant in Karnataka to Veraval (near Somnath) in the Saurashtra region of Gujarat, HMSI said in a statement.
HMSI launches special edition of Activa 6G to mark 20 years of scooter brand in India
Celebrating the success of Activa's 20-years unparalleled journey of leadership and trust of over two crore Indian customers, the company has launched the special 20th-anniversary edition of Activa 6G, HMSI said in a statement.
HMSI commences export of 125cc motorcycle SP125 to Europe
The company currently has 25 lakh customers across global markets. HMSI exports 18 two-wheeler models to 25 diverse export markets led by Asia, Middle East and Latin America.
HMSI delays commissioning of additional capacity in Gujarat
The company, which invested Rs 630 crore to expand capacity by 0.6 million units at the facility, said that while construction of the additional assembly line at the plant is complete, HMSI will decide on commissioning the unit based on market demand.
HMSI launches Grazia 125 BSVI scooter with starting price at Rs 73,336
"With a significant change in form, styling and technology, the new Grazia125 BSVI will bring a totally new mobility experience for the trendsetting customers in a stylish way," HMSI Director - Sales and Marketing Yadvinder Singh Guleria said.
Discussions on to find a solution for Manesar plant: HMSI
The stand-off at the facility, which employs around 1,900 permanent workers and 2,500 contract workers, began on November 5 morning when the company management did not allow some of the contractual workers to go inside the plant. HMSI Employee Union leaders had alleged that the company had reduced production of the facility by 50%.
Tool-down strike by HMSI's Manesar plant workers to protest sacking of contract employees
HMSI Employee Union leaders alleged that the company has reduced production of the facility by 50 per cent and is in the process of retrenching more contractual workers.
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