Honda Motorcycle and Scooter India (HMSI) reported its sales for January 2022 and the company's overall volumes are down by 20 per cent year-on-year. The Japanese two-wheeler giant sold 354,209 units last month as compared to 437,183 units in January 2021. The company's domestic sales during this period stood at 315,196 units while 39,013 units were exported. The export numbers particularly performed well for Honda 2Wheelers India with the brand witnessing a double-digit growth last month. The sales figures though do emerge as hopeful with signs of recovery visible.
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The 2022 Honda CB300R BS6 was launched in January 2022
Commenting on the sales performance, Yadvinder Singh Guleria, Director, Sales & Marketing, HMSI, said, "While the calendar year 2022 has started on a positive note compared to last month, the sales sentiment in Q4'22 continues to reflect the preceding challenges of last fiscal year. However, visible signs of healthy recovery do appear on the horizon and we are hopeful the speedy implementation in vaccinations, dip in daily COVID cases being reported and easing of restrictions across states will help us gain momentum in upcoming quarters. This year's Union budget also reflects a growth-oriented approach with an impetus on infrastructure & inclusive development. The focus on capital expenditure will pull the economy forward in unison and is expected to have a multiplier effect in the long term."
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The two-wheeler sector has seen a decline in demand during the pandemic and that has affected nearly all major players. Barring Suzuki Motorcycle India, which managed to post growth results, Royal Enfield, TVS and Hero reported a decline in volumes for January 2022. The previous month also saw Honda launch the CB300R BS6 and the 2022 CBR650R in the market, while offerings like the CB Shine crossed the one crore sales mark.
