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Honda Motorcycle & Scooter India (HMSI) on Thursday said price of its models up to 350 cc would come down by up to Rs 18,800 with it passing on the GST rate cut benefit to customers. The company will pass on full benefits of the recent GST rate reduction to its customers across its product portfolio, the company said in a statement. This will include both scooters and motorcycles up to 350 cc category, it added. Following the GST Council's decision to reduce GST on two-wheelers from 28 to 18 per cent, the customers will now enjoy significant ex-showroom price savings of up to Rs 18,800, depending on the model, HMSI said. "The reduction in GST on two-wheelers and spare parts is a timely and forward-looking step, making vehicles more affordable and strengthening the overall ecosystem," HMSI Director, Sales & Marketing, Yogesh Mathur said.
Honda Motorcycle and Scooter India (HMSI) is seeking to increase its market share in the two-wheeler sector in the country through a series of new model launches, a company official said. The company has launched two new motorcycles in the 100cc and 125cc segments in the Indian market. The current market share of HMSI in the two-wheeler sector in the country is 28 per cent, the official said. HMSI Director (sales and marketing) Yogesh Mathur said, "The company is a leading player in the two-wheeler segment in India with 28 per cent market share. We aim to raise the market share with new launches in the coming days." The Indian subsidiary of Japan's Honda Motor Company manufactures motorcycles and scooters in the country at its facilities in India. HMSI has motorcycles in the 100cc, 110cc, 125cc, 160cc and 200cc segments, and four models in the scooter segment, in India. Mathur said that in July and August, HMSI emerged as a market leader in the motorcycle and scooter segments in t
Japan's Honda Motor Co Ltd on Tuesday said it is within reach of achieving the number one position in the Indian two-wheeler market and will introduce a variety of products, including scooters and EVs, to solidify its position. The company, which parted ways in 2011 with erstwhile partner Hero MotoCorp -- the current market leader, said it will also strive to capture the largest market share in the electric two-wheeler segment in India, where it will begin operating a dedicated electric two-wheeler production plant in 2028. "We have launched highly competitive products of all kinds... With the advantage of the strength of 6,000 dealers and service networks covering all the geographies of India, we have increased the unit sales. Now, the number one position is well within our sight," Honda Motor Co Executive Officer, Chief Officer, Head of Motorcycle and Power Products Operations, Motorcycle Business Unit, Minoru Kato said in a news conference in Tokyo. "Going forward, we will ...
Honda Motorcycle & Scooter India on Monday said it is recalling certain units of its bike models like CB350 and H'ness CB350 due to issues with wheel speed sensor and camshaft. The company is recalling CB300F, CB300R, CB350, H'ness CB350 and CB350RS, manufactured between October 2020 and April 2024, for issues with wheel speed sensor, the two wheeler major said in a statement. "It has been observed that due to an improper molding procedure being followed, water may seep into the wheel speed sensor. This may lead to a speed sensor malfunction causing error in the speedometer, traction control or ABS intervention," it said. In the worst case scenario, it may result in ineffective braking, it added. Units manufactured from October 2020 to April 2024 are affected under this potential issue, the company said. For issues with camshaft component, HMSI is recalling units of CB350, H'ness CB350 and CB350RS. "It has been identified that an improper manufacturing process being followed for
Honda Motorcycle & Scooter India is looking to enter the electric vehicle segment this fiscal and eyes one-third of its overall sales to accrue from the segment by 2030. Speaking to reporters on the sidelines of 64th SIAM annual session here, HMSI Director (Sales and Marketing) Yogesh Mathur said the company will be entering the EV segment this fiscal. He noted that the contribution of electric two-wheelers in overall two-wheeler sales was continuing to grow. "And what we understand is that by 2030 there will be a major shift towards EVs and we have announced that by 2030 in our lineup also..one-third at least will be coming only from EV models," Mathur said. The EV model is being developed jointly by HMSI and Honda teams, he added. On capacity utilisation at its plants, Mathur said the company's plants were currently running at full capacity. The company will be tweaking the production capacity further in terms of per day basis, he said. HMSI has an installed production capacit
Honda Motorcycle & Scooter India (HMSI) on Friday said it is recalling certain units of its superbikes GL1800 Gold Wing and CBR1000RR to inspect and replace faulty fuel pumps. Honda GL1800 Gold Wing manufactured between December 2017 and December 2023 and CBR1000RR manufactured between September 2017 and April 2020 are affected, the two-wheeler major said in a statement. HMSI, however, did not provide an exact number of the units being recalled. "The fuel pump impellers may have been improperly molded, which can cause them to deform and result in fuel pump failure. If the fuel pump module becomes inoperative, the engine may not start or can stall without indication while riding," the company stated. The inspection and replacement of fuel pumps will be carried out at BigWing Topline dealerships across India, it added.