Tue, Aug 22, 2017 | updated 08:35 PM IST

Honda breaks record with ten lakh unit sales this festive season

Updated: Nov 03, 2016 19:25 IST      
Honda breaks record with ten lakh unit sales this festive season
New Delhi [India],Nov. 3(ANI): Two wheeler maker Honda has announced setting up of new records by breaching 10 lakh retail sales for the first time in 2016 festive season.

"We started our preparations almost six months back. We have been consistently growing month on month this year. As a trend, automatic scooters are clearly driving the two-wheeler industry growth and with new scooter only fourth plant in Gujarat achieving peak production capacity in September," said President and CEO Honda Motorcycle and Scooter India Pvt. Ltd., Keita Muramatsu.

"Honda strategically met festive demand with seamless dispatches over two months. This planning resulted in Honda's record performance and we acquired more than 10 lakh happy customers in the two festive months. What is more encouraging is that we added 2.6 lakh customers only on Dhanteras day," added Muramatsu.

Reflecting the paradigm shift in consumption pattern, scooterization led festive demand not only in urban markets but also semi-urban and rural markets. In this festive period, Activa again led the growth with peak retails of seven lakh+ units, followed by India's number one selling 125cc motorcycle CB Shine.

"With advanced preparations, aggressive marketing, new additional network and ensuring availability of products right up to the last mile network, Honda's festive retails grew a phenomenal 25 percent to stand at 12.5 lakh units in the festival. Moreover, Honda also closed its April to October, 2016 YTD despatch with 21 percent growth which is nearly double that of the 12 percent industry growth," said Senior Vice President - Sales and Marketing Honda Motorcycle and Scooter India, Yadvinder Singh Guleria.

Honda's motorcycle sales too crossed 10 lakh benchmark for first time with 10,42,301 units reaching 12 percent growth in the shortest span of seven months.

With this, Honda two wheelers is now the highest market share gainer and becomes the only company to add 2percent share and reach total market share of 26percent and Leader in two-wheeler industry volume growth this fiscal.

In October'16, Honda total sales stood at 4,92,367 units registering a 9percent growth over 4,31,865 units sold in October, 2015.

Automatic scooters sales continue to glide above 3 lakh mark (3,02,946 units) for the fourth month in a row while motorcycle sales stood at 1,67,542 units in domestic market in October'16.

Exports too continued to peak over 20,000 mark for the fifth month in the current fiscal and stood at 21,879 units with a stellar 29 percent growth. (ANI)

New Delhi [India], August 22 (ANI-BusinessWire India): Despite the mushrooming of gyms and fitness centres as well as the growing popularity of fitness apps and virtual gyms, most Indians do not find time to exercise. In a pan-India study conducted by Gympik, India's largest fitness discovery platform, 53 percent of the respondents said that they lack the discipline to stay fit.

Full Story >>

Amitabh Kant to launch 'Mentor India' campaign on Wednesday

Updated: Aug 22, 2017 18:39 IST     

New Delhi [India], August 22 (ANI): NITI Aayog CEO Amitabh Kant is slated to launch the Mentor India Campaign, a strategic nation building initiative to engage leaders who can guide and mentor students at more than 900 Atal Tinkering Labs, established across the country as a part of the Atal Innovation Mission, here on Wednesday.

Full Story >>

New Delhi [India], Aug 22 (ANI): Asia's largest direct-to-home (DTH) brand DishTV has announced the appointment of Pushkar Singh Kataria, as Chief Human Resources Officer with immediate effect.

Full Story >>

New Delhi [India], August 22 (ANI-NewsVoir): India celebrated its 70th Independence Day this week with a new level of achievements and enthusiasm. Meanwhile, in Mumbai, Dr. Amit Upadhyay of Horizon Outsource Solutions visited Father Agnel's Ashram in Mumbai to spend a day with 55 underprivileged kids housed in Bandra.

Full Story >>

New Delhi [India], Aug 22 (ANI): India's largest e-commerce marketplace Flipkart on Tuesday announced the roll-out of 'Flipkart Global', a program that will provide its 100,000 plus sellers with an opportunity to export their products to buyers across 190+ countries.

Full Story >>

New Delhi [India], August 21 (ANI): HDFC Bank Ltd. on Tuesday unveiled its 'DigiPOS' Point of Sale (POS) machine, which will offer a complete suite of digital payment options.

Full Story >>

Fintech firm Rubique registers 48.8 percent YoY growth

Updated: Aug 22, 2017 16:36 IST     

New Delhi [India], August 22 (ANI): Rubique, a fintech company on Tuesday announced the disbursement of loans worth Rs. 488 crore in the last four months, marking a 48.8 percent growth, in comparison to FY 2016-17, while resulting in a substantial rise in revenue as well.

Full Story >>

New Delhi [India], Aug 22 (ANI): World leader in Quality of Life services Sodexo has announced appointment of Pradeep Chavda as the new Human Resources Director - India, effective August 2017.

Full Story >>

New Delhi [India], August 22 (ANI): Taxi aggregator Ola and US-based tech giant Google on Tuesday announced their inter-city travel partnership, whereby commuters travelling between cities will now be able to discover Ola Outstation, a smart mobility solution for inter-city travel on Google Maps for mobile, thereby, directing customers to the Ola app to conveniently complete the booking.

Full Story >>

New Delhi [India], August 22 (ANI-NewsVoir): CAYA Constructs, a social enterprise, collaborated with the blockbuster satirical comedy 'Toilet: Ek Prem Katha' (TEPK), starring Akshay Kumar and Bhumi Pednekar. This quirky tale on toilets supports Prime Minister Narendra Modi's Swachh Bharat Mission, a governmental campaign to improve sanitation and hygiene conditions in India.

Full Story >>

Mumbai (Maharashtra) [India], August 21 (ANI): Ahead of the bank strike to be held on Tuesday, Vice President of the National Organization of Bank Workers, Ashwani Rana said the government should take responsibility of any inconvenience caused to customers due to the non-operation of banks on account of the strike.

Full Story >>

New Delhi [India], August 21 (ANI-BusinessWire India): Gemological Institute of America (GIA), in collaboration with the Maharshi Karve Stree Shikshan Samstha (MKSSS), Pune, presented skill-enhancement training programmes, Applied Jewelry Professional (AJP) and SWIFT Jewellery Design, to 51 students. This training, supported by GIA's endowment fund, concluded with a graduation ceremony for the students on August 17 at the MKSSS Campus.

Full Story >>

New Delhi [India], August 21 (ANI-BusinessWire India): Witnessing an increase in demand for the ready to move in apartments post the successful implementation of the Goods and Services Tax (GST) and RERA Act, Tata Housing - India's leading real estate development company on Monday launched 'Move in India', a nation-wide campaign that will offer a 24 months assured rental on its projects across the country.

Full Story >>

Bengaluru (Karnataka) [India], Aug 21 (ANI): Samsung India has collaborated with the Government of Karnataka for a notebook donation drive to extend its support to students from government schools across Bengaluru, Kolar and Mulbaghal districts in the state.

Full Story >>

New Delhi [India], August 21 (ANI-NewsVoir): The Lottery Bachao Mahakruti Samiti, an association representing stake-holders in the online lottery business across Maharashtra has appealed to the central government to reconsider a levy of 28 percent Goods and Services Tax (GST) on lottery prize money, the highest tax slab under the tax regime.

Full Story >>

New Delhi [India], August 21 (ANI-NewsVoir): Paisabazaar.com, India's No. 1 loans and cards marketplace on Monday announced that it disbursed unsecured loans to 244 cities and towns across India last month.

Full Story >>

New Delhi [India], Aug 21 (ANI-BusinessWireIndia): Ahead of the festive season, OnePlus announces OnePlus Super Seller Week on Amazon from 21st to 25th August, 2017 with exciting offers on OnePlus 5 and OnePlus 3T. During this week, the new variant of OnePlus 5 also went live, giving the fans of Slate Graycolor, more options. OnePlus 5 Slate Gray is now available for purchase in 8GB + 128 GB version for Rs. 37,999 on Amazon.in and oneplusstore.in.

Full Story >>

New Delhi [India], August 21 (ANI): In a bid to augment financial inclusion in India, fintech startup LoanAdda on Monday announced the launch of LoanSwift, enabling the firm to analyse vast amounts of non-traditional credit data to increase loan approval rates and reduce the risk of credit decisions.

Full Story >>

New Delhi [India], Aug 21 (ANI): In line with the company's continued efforts to strengthen and professionalize its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed Rumpa Roy as Head of Business Excellence.

Full Story >>

New Delhi [India], August 20 (ANI): In a move to bring home-buyers and banks in the real estate sector at par, the ASSOCHAM urged the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to chalk out a separate carve-out for those stuck in the incomplete construction and introduce a presidential ordinance to eradicate legal hurdles immediately, if any.

Full Story >>