HMSI crosses 15 million two-wheeler units milestone

Tags: HMSI, News
Honda Motorcycle & Scooter India, the wholly-owned arm of Japan's auto major Honda, has crossed the 15 million units milestone, 13 years after it started operations.

The latest 5 million customers were added in just 18 months after the declaration of 10 million customer milestone in July, 2012, the company said in a statement.

HMSI attributed its growth to foray in the mass motorcycle segment - Dream Yuga and Dream Neo, which has found acceptance in the market.

Commenting on the feat, HMSI Vice President, Sales & Marketing Y S Guleria said: "Achieving the 15 million customers mark in such a short period is a testimony to growing customer trust on Honda brand. To meet customer demand and reach out to new markets, Honda has intensified its efforts to rapidly expand its network by adding

500 new touch-points and take its growing network to 2,500."

HMSI came into existence on December 14, 1999 and its first production facility at Manesar commenced operations in 2001. Currently it has three manufacturing facilities at Manesar (Haryana) and Tapukara (Rajasthan) and Narsapura (Karnataka) with the cumulative production capacity to reach 46 lakh units annually by FY'14 end.

The company competes dierectly with Honda's erstwhile partners Hero MotoCorp, Bajaj Auto and TVS Motor Co.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Kuruvilla Pandikattu SJ

India’s greatest gift to the world

What we hear most often about India these days is ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture