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Demonetisation impact: Honda Motorcycle sales down in November

Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement

IANS  |  Chennai 

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Japanese two-wheeler maker Motorcycle and Scooter Pvt Ltd on Thursday said it closed last month selling 3,25,448 units, compared to 3,26,466 units sold in November 2015.

"Compared to festival buying in November last year, this year the industry was prepared for an organic correction in November.

However, announcement took everyone by surprise. Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement.

"But recovery started week two and by the end of month, Honda's all sales returned to almost 80% of normal level with South, West and East-leading the recovery," Y S Guleria, Senior Vice-President-Sales and Marketing was quoted as saying in the statement.

"Looking ahead, we remain cautious on recovery forecast next month as December is traditionally a lean sales month," the company said.

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Demonetisation impact: Honda Motorcycle sales down in November

Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement

Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement
Japanese two-wheeler maker Motorcycle and Scooter Pvt Ltd on Thursday said it closed last month selling 3,25,448 units, compared to 3,26,466 units sold in November 2015.

"Compared to festival buying in November last year, this year the industry was prepared for an organic correction in November.

However, announcement took everyone by surprise. Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement.

"But recovery started week two and by the end of month, Honda's all sales returned to almost 80% of normal level with South, West and East-leading the recovery," Y S Guleria, Senior Vice-President-Sales and Marketing was quoted as saying in the statement.

"Looking ahead, we remain cautious on recovery forecast next month as December is traditionally a lean sales month," the company said.
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Business Standard
177 22

Demonetisation impact: Honda Motorcycle sales down in November

Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement

Japanese two-wheeler maker Motorcycle and Scooter Pvt Ltd on Thursday said it closed last month selling 3,25,448 units, compared to 3,26,466 units sold in November 2015.

"Compared to festival buying in November last year, this year the industry was prepared for an organic correction in November.

However, announcement took everyone by surprise. Two-wheeler sales dropped by 50% in the first 3-4 days of the announcement.

"But recovery started week two and by the end of month, Honda's all sales returned to almost 80% of normal level with South, West and East-leading the recovery," Y S Guleria, Senior Vice-President-Sales and Marketing was quoted as saying in the statement.

"Looking ahead, we remain cautious on recovery forecast next month as December is traditionally a lean sales month," the company said.

image
Business Standard
177 22