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Honda gears up to launch 2 new products in FY18, strengthen rural network

Only one to gain in last 6 years, market share rose by 14% to 27% in 2016-17 from 13% in 2010-11

T E Narasimhan  |  Chennai 

The financial year (FY) 2017 will be a memorable year for Japanese auto major Honda's Indian arm on various counts. Not only has it become the first 100 per cent two-wheeler subsidiary of Honda to achieve five million sales in a short span, but it has also reported an increase in its market share constantly, even as its peer Hero MotoCorp has seen a drop.

The company is targeting 6 million units in FY18 sales and plans to launch at least two vehicles, besides strengthening the rural network to take on Hero, which is strong in rural India. Market leader Hero's ...

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First Published: Fri, April 07 2017. 00:09 IST
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