Honda 2Wheelers India Registers 27% YoY Sales Growth in December 2023

Honda's domestic sales increased to 2,86,101 units in December 2023 from 2,33,151 units sold in December 2022, a 22.71 per cent YoY surge. Meanwhile, exports saw a sharp rise of 82.27 per cent to 31,022 units, as opposed to 17,020 units shipped overseas in the same month in 2022.

According to Honda Motorcycle and Scooter India's (HMSI) December 2023 sales report, the business sold 3,17,123 units cumulatively through domestic as well as exports, a 27 per cent increase over the 2,50,171 units sold in December 2022. Given the two-wheeler market's sluggish sales trend, the manufacturer ended the year on a high note. Furthermore, the company's domestic sales increased to 2,86,101 units in December 2023 from 2,33,151 units sold in December 2022, a 22.71 per cent year-over-year surge. Meanwhile, exports saw a sharp increase of 82.27 per cent to 31,022 units, as opposed to 17,020 units shipped overseas in the same month in 2022. In the calendar year 2023, the company sold a total of 43.85 lakh units. On the other hand, within the same time frame, Hero MotoCorp, its primary competitor, and market leader, sold 54.99 lakh units. In India, the Japanese company comes in at the second spot in terms of two-wheeler sales.

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Honda Models Launched in 2023

Honda launched several new and revised models in 2023, making it an exciting year. The Shine 100, the company's most affordable motorcycle to date, and the Honda Activa H-Smart variant were also rolled out by the maker. Besides, the new Honda SP160 and the Dio 125 also went on sale last year. The revamped Gold Wing Tour, the XL750 Transalp adventure tourer, and the new classic CB350 were all introduced by the firm in the premium segment.

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Honda's Plans for 2024

For Honda, the year 2024 holds greater significance as the business prepares to penetrate the electric mobility market. The firm already indicated that it intends to get into the market and will launch an electric motorcycle and scooter later this year. The top scooter maker in India will plunge into electric vehicles (EVs) with the launch of a "mid-range" model that runs on a fixed battery pack and is dependent on an existing charging network. The business aims to introduce a second scooter with a swappable battery system after this. Based on Honda's recently developed 'Platform E,' the two scooters will be constructed using a specific electric vehicle architecture intended for manufacturing fixed and battery-swappable two-wheelers.