Honda projects 30 percent of motorcycle sales to come from India by 2020
Filed under: Etc., Plants/Manufacturing, Motorcycle, India
Honda recently released its financial report for the the manufacturer's motorcycle division. Not surprisingly, two-wheel-friendly Asia accounted for a lofty 79 percent of the company's total sales in 2011. The entirety of North America, meanwhile, soaked up just 1.6 percent of the brand's total volume last year. What's more, Honda fully intends to expand its operations in the blooming Indian market. Until last year, Honda worked with Hero MotorCorp to sell its bikes in India. With the two entities officially split, the Japanese company reports it expects to see somewhere in the neighborhood of 30 percent of its sales come from the Indian market by 2020.
India boasts a population of 1.2 billion people, or around 17 percent of the world's population, making it the second-largest bike market globally. As of right now, Honda is working on chipping out a 20 percent share of that pie, which means it already dominates the country's motorcycle market as the largest foreign bike manufacturer.Honda projects 30 percent of motorcycle sales to come from India by 2020 originally appeared on Autoblog on Wed, 23 May 2012 18:29:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
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