Honda Motorcycles and Scooters India (HMSI), Indian subsidiary of Japanese motorcycle company is achieving new heights in the Indian markets. HMSI has overtaken TVS Motors to become the number three company in the domestic two-wheeler market for the first time ever overtaking TVS after their break up with its Indian alley Hero.
TVS Motors sold a little more than 150,000 units in the month November while Honda reported a record sale of 190,000 units in the same month. Hero MotoCorp remains the leader in two-wheeler sales with 45 per cent market share, followed by Pune-based Bajaj Auto.
With a large number of product launches, including economy bikes and scooters which have more fuel-efficient engines, Honda is looking to gain something big from Indian two wheeler market, quicker and earlier than expected.
It was reported that Honda, which wasn't able to add incremental capacity for more than a year as its existing capacity was running to full proportions, opened a new facility in Rajasthan, thus allowing it to add 1.2 million units in capacity. The report stated that Honda is also gearing up to enter the economy segment (100cc category) where market leader Hero MotoCorp has a strong hand.
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