Two-Wheeler Sales January 2022

Honda Motorcycle and Scooter India (HMSI) has released its January 2022 sales figures, which show a 20% year-on-year decrease in overall volumes. Last month, the Japanese two-wheeler behemoth sold 354,209 units, down from 437,183 in January 2021. During this time, the firm sold 315,196 units domestically and 39,013 units internationally. Honda 2Wheelers India’s export results were particularly strong, with the brand seeing double-digit increase last month. The sales data, on the other hand, appear to be encouraging, with hints of recovery discernible.

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Honda Two wheeler Sales Report

Yadvinder Singh Guleria, Director, Sales & Marketing, HMSI, commented on the sales success, saying, “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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During the epidemic, demand for two-wheelers has decreased, which has impacted practically all significant businesses. With the exception of Suzuki Motorcycle India, which claimed increase, Royal Enfield, TVS, and Hero recorded volume declines in January 2022. Honda also introduced the CB300R BS6 and the 2022 CBR650R in the previous month, while models like the CB Shine surpassed the one-crore mark in sales.

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