 "Honda Navi")
Honda Motorcycle and Scooter India (HMSI) on Saturday said its 'by India, for India' bike Navi has crossed 50,000 units sales mark in just six months of market availability.
The bike was launched at the Auto Expo 2016 in Greater Noida. The two-wheeler maker recently introduced the utility box for the convenience of storage to Navi riders.
"Navi crosses 50,000 units landmark in just six months of market availability," the HMSI said in a statement.
It also said that the company has witnessed a jump in sales over the years.
Celebrating the 28 million customer milestone, HMSI said it has further consolidated its equity as India's fastest growing auto manufacturer.
"India is the fastest growing economy in the world and one of the most important markets for Honda. With this vision of growth, today we have achieved a new milestone for our business in India. The journey to the 28 million milestone has been phenomenal," said Keita Muramatsu, President and CEO of the company.
Further, it said that HMSI is setting the pace of industry with its 24% growth even while the industry continues to grow at 13%. The company is also looking forward to increase its market share in domestic export sales by 2% from the existing 26%.
The automaker is currently operating in full capacity at all its four manufacturing plants.
Its total production capacity is 5.8 million units. HMSI has expanded its touch points network to above 4,800 and will be adding another 500 touch points by the end of this finacial year.
"Aggressively expanding network footprint, with special focus on semi-urban and rural areas, we aim to cross 5,300 outlets by the end of current fiscal." it said.
According to the senior Vice President of Sales and Marketing at HMSI, Yadvinder Singh Guleria, Honda's Navi bike "has been successful in creating a new segment in the Indian two-wheeler industry".
