Honda's bike Navi crosses 50,000 sales mark in 6 months

Honda Motorcycle and Scooter India (HMSI) on Saturday said its 'by India, for India' bike Navi has crossed 50,000 units sales mark in just six months of market availability.

The bike was launched at the Auto Expo 2016 in Greater Noida.

The two-wheeler maker recently introduced the utility box for the convenience of storage to Navi riders.

"Navi crosses 50,000 units landmark in just six months of market availability," HMSI said in a statement.

It also said that the company has witnessed jump in sales over the years.

Celebrating the 28 million customer milestone, HMSI said it has further consolidated HMSI's equity as India's fastest growing auto manufacturer.

Keita Muramatsu, President and CEO, HMSI said, "India is the fastest growing economy in the world and one of the most important markets for Honda. With this vision of growth, today we have achieved a new milestone for our business in India. The journey to the 28 million milestone has been phenomenal."

Further, it said that HMSI is setting the pace of industry with its 24% growth compared to the 13% growth of total two-wheeler industry.

"Continuing to reinforce its position as both the highest market share gainer adding 2% share to 26% market share in domestic export sales," it added.

The automaker is currently running at full capacity at all its four manufacturing plants.

Its total production capacity is 5.8 million units. HMSI has expanded its touch points network to 4,800 plus mark and will be adding another 500 touch points by the end of this fiscal.

"Aggressively expanding network footprint, with special focus on semi-urban and rural areas, we aim to cross 5,300 outlets by the end of current fiscal." it said.

Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing, Honda Motorcycle and Scooter India said, "With Navi, Honda has been successful in creating a new segment in the Indian two-wheeler industry."