HMSI Bike Market

Honda Motorcycle and Scooter India (HMSI) on Tuesday announced the international racing team for the 2023 FIM Asia Road Racing Championship (ARRC) and Thailand Talent Cup (TTC)

Honda Motorcycle & Scooter India on Wednesday reported a 10.7 per cent increase in domestic sales at 2,33,151 units in December 2022. The company had registered domestic sales of 2,10,638 units in the year-ago period, Honda Motorcycle & Scooter India (HMSI) said in a statement. "The market is gaining steady momentum against previous months as well as on a year-on-year basis. Factors like healthy festival season, good monsoon and increased demand for personal mobility have translated well to rise in customer walk-ins and enquiries," HMSI Managing Director, President & CEO Atsushi Ogata said. On the outlook, he said, "Stepping into 2023, we expect that the continuously improving consumer sentiment along with the enhanced effort towards the betterment of economy and infrastructure will build the momentum further.

Two-wheeler major Honda Motorcycle and Scooter India (HMSI) aims to expand its bike portfolio in the country as it looks to bring in new set of customers from both rural and urban areas

Honda Motorcycle & Scooter India (HMSI) is pushing hard for a bigger pie in the domestic bike segment with plans to open 70 per cent of its 500 new outlets planned for this fiscal in rural markets to tap new buyers. The company also plans to launch an all-new motorcycle model for the Indian market in this ongoing fiscal in order to grow its market share in the bike segment from 17 per cent at present. "Although we must focus on both motorcycles and scooter segments, there is much potential for growth in the motorcycle segment. We would like to increase our market share in the vertical," HMSI President and CEO Minoru Kato told PTI. The company is now second in terms of bike sales in the country after market leader Hero MotoCorp. In the scooters segment, it is the leader with 59 per cent market share. When asked which segment would the company focus on in the bike segment to drive volume growth, Kato pointed out the 125 cc category. On plans to introduce premium bikes he said .