City
Epaper

HMSI's sequential domestic dispatch up 53% in July

By IANS | Updated: August 1, 2020 21:15 IST

New Delhi, Aug 1 The increasing demand for personal mobility in the COVID-19 era pushed Honda Motorcycle & ...

Open in App

New Delhi, Aug 1 The increasing demand for personal mobility in the COVID-19 era pushed Honda Motorcycle & Scooter India's (HMSI) domestic dispatch higher by 53 per cent in July on a sequential basis.

Accordingly, the company's total dispatches in July stood at 3,21,58 3 units - adding over 1 lakh units compared to the previous month on back of increasing demand for personal mobility in the COVID-19 era.

"While July'20 domestic dispatch of 3,09,332 two-wheelers saw a strong 53 per cent growth over 2,02,837 two-wheelers sold in June'20; exports too accelerated to 12,251 units - up 52 per cent over 8,042 unit s exported in June'20," the company said in a statement.

"Noteworthy, July'20 is the first month post unlock in FY2020-21 that Honda's domestic dispatches breached the 3 lac mark and exports too crossed the 10,000 units' level."

According HMSI' Director - Sales & Marketing Yadvinder Singh Guleria, intermittent regional lockdowns across India slowed down the retail momentum gained in June as the percentage of operational network dropped to 80 per cent in July.

"While the physical inventory level at our dealerships is less than a month's sales, giving us confidence is the growth in new enquiries on back of increasing acceptability of Honda's newly launched BS-VI models with advanced technology & features," Guleria said.

rv/sn/sdr/

( With inputs from IANS )

Tags: Honda Motorcycle and Scooter IndiaindiahondaNew DelhiThe new delhi municipal councilDelhi south-westIndiUk-india
Open in App

Related Stories

EntertainmentAjith Kumar Injured in Fan Frenzy After Padma Bhushan Award Ceremony, Actor Hospitalized In Chennai

MumbaiMumbai: Gold Sales Cross ₹12,000 Crores Nationwide on Akshaya Tritiya; Mumbai MMR Sees ₹800 Crores Trade

NationalAkshaya Tritiya 2025: Gold Market Sees Huge Footfall Despite Price Hike (Watch Video)

MaharashtraOver 10,000 Pakistani Nationals Traced in Maharashtra and Delhi Post-Palgham Terror Attack

MumbaiViral Sighting of Tesla Cybertruck Near Mumbai Stirs EV Enthusiasm (Photos)

Business Realted Stories

BusinessYoga Across Borders: UAE to Host 6th Asian Yogasana Championship and Landmark Yogasana Trainings

BusinessCumulative rate cuts of 125-150 bps estimated in FY26: SBI report

BusinessNifty, Sensex open higher; Adani Ports among top gainers

BusinessIndian indices open in positive, optimism on India-US trade negotiations have brought back FPIs

BusinessIndia’s MICE industry to become key economic driver, create high-quality jobs: Minister