Honda Motorcycle and Scooter India (HMSI) today reached a landmark of exporting over 2.5 million two-wheelers from India, making it gain a 50 percent market share in scooter exports from the country.
The company says that it has seen an accelerated growth coming on the back of a diversified export portfolio, which started with just the Activa scooter in 2001, and stands at a total of 18 models including motorcycles getting shipped to 26 countries led by Asia, Middle East and Latin America in the present day.
While it took HMSI almost one and a half decade to reach its first major milestone of shipping a million units in 2015, it doubled up the speed of exporting the next 1.5 million units to arrive at the landmark in just five years. Company says rapid expansion of product portfolio saw HMSI receiving additional exports allocation by Honda Motor Japan over the years.
According to Yadvinder Singh Guleria, senior vice president, Sales and Marketing, HMSI, “Since beginning, Honda has delighted over 2,500,000 two-wheeler customers through our exports. We are proud to be the No. 1 scooter exporter from India. With an eye on 2020, Honda 2Wheelers India aims to further consolidate its No. 1 position in Honda’s global motorcycle business while unlocking the next chapter of exports growth in the BS-VI era.”
With large shipment volumes of its Dio, the company has also bagged the top spot of being the No. 1 scooter exporter from India.