Business Standard
Monday, May 28, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Honda targets 45% in gearless scooter
BS Reporter / Kolkata/ Bhubaneswar Apr 20, 2009, 00:21 IST

Honda Motorcycle and Scooter India Private Ltd (HMSI), the fully owned two wheeler subsidiary of the Honda Motor Company (HMC), plans to take its market share in the gearless scooter segment in Orissa to 45 per cent by the end of 2009-10.

At present, HMSI has a market share of 34 per cent in the state in the gearless scooter segment.The company, which claims to have a market share of 9 per cent in the overall two-wheeler market in the state, is also aiming to raise its market share to 12 per cent by the end of this fiscal. “We intend to increase our market share in the gearless scooter segment to 45 per cent in Orissa from 34 percent at present. The launching of the New Activa will help us achieving the target”, Makoto Yurino, advisor (sales and marketing), HMSI said.

 
Yurino, who was here to launch the company’s latest gearless scooter New Activa told the media that the company was able to achieve 18 per cent increase in its pan-India sales at compared to 5 per cent growth in sales in the two wheeler industry in the country.

The sales of two wheelers by the company is likely to increase by about 16 per cent to reach 12.5 lakh during the current fiscal, compared to 10.7 lakh in 2008-09, he added. HMSI sells about 40,000 units of Activa per month, including 700 scooters in Orissa. With the sales stagnating at that level, the company has introduced the New Activa which is based on the consumer preferences.

The new model focuses on economy, reliability and convenience. It has headlights fitted with halogen lamp, elegant aluminium grabrail, metal body and more under seat storage capacity. The ‘New Activa’ will be available in two versions namely standard and deluxe.

The standard variant of the New Activa is priced at Rs 41,997 (ex-showroom, Bhubaneswar). Vivek Taluja, zonal head (east), sales said, the company has 10 dealers in the state in places like Bhubaneswar, Cuttack, Balasore, Keonjhar, Angul, Sambalpur, Berhampur and Jeypore.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- Mobile handset companies bet on Indian app makers
- RIL wants import-parity price for its gas
- Gold imports fall 32% on strict govt measures
- NRIs likely to be allowed to invest through new route
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us