Honda sales slump 31% to 2, 83,045 units in April

Honda Motorcycle and Scooter India Pvt Ltd (HMSI) reported total sales of 2, 83,045 units in April, a decline of 31 per cent from 4,11,037 units sold in March this year. The company's total sales of April this year wasn’t comparable with that of the same month last year as its domestic sales was nil due to the nationwide lockdown imposed to curb the outbreak of the corona virus pandemic. HMSI said its domestic sales in April this year stood at 2,40,100 units, while exports were at 42,945 units as compared to 2,630 units shipped last April.

Regional lockdowns since the beginning of April have dragged down the consumer sentiments considerably. HMSI said it pro-actively controlled its dispatches to avoid inventory build-up across its network pan – India as it prioritized the safety of all its stakeholders.

Last month, the company said it had established its new overseas business expansion vertical through a major organizational restructuring and harnessing the strength of over 100 associates and strategically integrating sales, engineering, development, purchasing and quality functions under one roof with the aim to spearhead India as global export hub for Honda.

Source: Business Standard