HMSI expects double-digit volume growth in 6 months

3 March, 2021 12:00 AM printer

NEW DELHI: Honda Motorcycle and Scooter India (HMSI) expects to log in double-digit volume growth in the ongoing quarter as well as April-June period of the next fiscal year due to the gradual opening of the markets and lower base of last year, as per a senior company official.

December quarter of 2019-20 had witnessed low sales as the industry was transitioning from BS IV to BS VI emission norms while the fourth quarter was hit by the COVID-19-induced lockdown, report agencies.

“We expect the two-wheeler industry to show at least double- digit growth in the fourth quarter and even from the company perspective we are eyeing a double-digit growth in this quarter.

“With the gradual opening of urban India, scooter demand is also coming back. We are hopeful that the growth will sustain in the first quarter of next fiscal as well,” HMSI Director (Sales and Marketing) Yadvinder Singh Guleria told PTI.