HMSI targets sales of 4.5 mn units in FY15

Company also planning to open 1,000 more outlets taking total to 3,800 by end of 2014-15

Honda Motorcycle & Scooter India (HMSI) is looking at selling 4.5 million units in the country this fiscal on back of two new motorcycles scheduled for introduction later this year and recently launched scooter Activa 125.

The company is also planning to open 1,000 more outlets taking the total to 3,800 by the end of the 2014-15.

Keita Muramatsu, president and chief xecutive officer, HMSI, said "HMSI has set the challenging target of 4.5 million unit sales in FY 2014-15. I am confident that propelled by three new launches including the Activa 125 and aggressive network expansion, Honda will meet expectations of its valued customers in India." HMSI had sold 3.72 million units in 2013-14.

The company said it will launch two new motorcycles in the second quarter of the current fiscal. "While the first motorcycle shall be latest addition to Dream series as Honda's most affordable motorcycle in India, the second will be a stylish and sporty 160 cc high displacement motorcycle for youngsters," the company said in a statement.

HMSI announced its business plans for the current fiscal at its 13th Annual Business meet at Tokyo.

Honda Motor Company President, CEO and Representative Director, Takanobu Ito said: "Together, we will unleash a new Era of Honda progression & customer satisfaction in India."