Honda Sales Report Jan 2023 Reveals 16% YoY Decline

For the month of January 2023, Honda Motorcycle & Scooter India (HMSI) has disclosed their overall sales totals. This Japanese automaker’s Indian unit sold 2,96,363 two-wheelers in the previous month, a 16 % YoY sales decline. The remaining 18,220 units were exported, leaving 2,78,143 units for retail sale on the domestic market.

Honda sold 3,54,209 units over the same time period the previous year. In addition, the company sold 3,15,196 units domestically and 39,013 units abroad in January 2022, respectively. When comparing Honda’s January 2023 sales performance on an MoM basis to its December 2022 sales of 2,50,171 units, it showed an 18.4% increase.

Commenting on the January 2023 sales performance, Atsushi Ogata, Managing Director, President & CEO of Honda Motorcycle & Scooter India said, “Much ahead of the government’s deadline, HMSI recently launched its first OBD2 model, New Activa with Smart Key. Continuing to lead this transition, HMSI will be soon upgrading its other products to meet the latest norms.”

He further said, “Further, the budget 2023 presented shed light on the enhanced focus on vehicle scrapping, green mobility and Net-Zero carbon emission goals which outlines the future of mobility in the country, giving a roadmap to boost the Indian auto sector. We are optimistic that such initiatives will usher in growth for the industry.”

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