Honda Motorcycle & Scooter India Pvt. Ltd. has announced its December'20 sales on a very positive note. Its YoY sales uptick continued for the 5th consecutive month in December as well. Honda's domestic sales grew 5% to 242,046 units in the year 2020's last month compared to 230,197 units a year ago. With exports of 20,981 units, Honda's total sales in December'20 closed at 263,027 units with a 3% growth over 255,283 units in Dec'19.
While the first quarter put business on pause mode, the second quarter was about stabilizing the ecosystem and meeting the pent-up demand. The October - December quarter stood out as the first Quarter of positive YoY sales for Honda. Honda's Q3 domestic sales jumped 5% on YoY basis to 11,49,101 units in Q3, FY'21 from 10,91,299 units in the same period last year.
Elaborating on the mood of the market, Yadvinder Singh Guleria, Director - Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, "After the positive retail and wholesale traction in December'20, we enter 2021 with a new hope. The 3rd quarter marked the first quarter of positive sales after a long time. The next 2 quarters too, are expected to show some growth due to the low base effect but real positive growth and market expansion may take some time. However, we are all geared up for 2021 - Honda's momentous 20th Anniversary year in India."
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