However, the company’s sales declined in March. Last month its sales stood at 2,11,978 units. The figure stood at 3,09,549 units in the same month last year. The company’s exports increased to 14,4666 units in March. This was against 11,794 units in the same month last year. HMSI launched the Shine 100 motorcycle in March. It is the most affordable motorcycle of the company. This will help HMSI compete with Hero MotoCorp, which holds the first position in this market.
The company plans to increase the production capacity of its plant by six lakh units. The company’s plant is located in Vithalapur, Gujarat. Due to increase in export demand, the company needs to increase production. Honda exports its two-wheelers to 38 countries and plans to increase this to 58 countries in the current financial year.
HMSI has stated that it has increased its presence in the Oceania region with exports to Australia and New Zealand. Apart from this, the company is also exporting powertrains from its plant. The company exports 18 models and will increase it to 20 models by the end of the current financial year. Honda will focus on petrol-powered two-wheelers. The company has set a target of achieving 15 per cent of its sales from Electric Vehicles (EV) by 2030. All the two-wheelers of the company will be ready to comply with OBD2 and E20 norms by September this year. The company has also made preparations to bring flex fuel technology in the country. It plans to launch a flex fuel two-wheeler. Sales of electric scooters are increasing rapidly and due to this Honda is preparing to launch some models in this segment. Recently, the company’s Managing Director, Atsushi Ogata had told that Honda will create charging infrastructure to help plan its electric vehicles in the country.