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After several months, Honda logs first decline in sales volume in November
AJAY MODI
emonetisation appears to be
taking the fizz out of the fastgrowing scooter segment. Sales
of Hondas Activa declined for the first
time in several months.
This has also upset Activas position as the countrys most sold twowheeler for two consecutive
months, October and November.
Rival and former partner Heros
motorcycle Splendor has sold more
than the Activa in these months.
Domestic scooter sales had grown
by over 23 per cent in the first seven
months (April-October) of the financial year to a record 3.61 million. In
November, however, sales declined by
2 per cent.
The government had withdrawn
high-denomination currencies from circulation from November 9, impacting
cash transactions across sectors, including automobiles where down payments
are made by many buyers in cash. In
rural markets several transactions happen entirely in cash.
Scooters, unlike motorcycles, are an
urban phenomenon and there sales
were not impacted in the last two years
when the country had deficit rainfall.
They could not escape the brunt of
demonetisation, however.
For Honda Motorcycle and Scooter
India (HMSI), the largest scooter maker
in the country, sales of scooters to dealers declined in November, the first time
in many years. Its scooter sales slipped
2.2 per cent to 203,076, year on year. The
month on month decline in November
was much steeper at 28 per cent.
Honda Motorcycle and Scooter India,
the biggest two-wheeler player in the
country after Hero, gets 67 per cent of its
volumes from scooters.
In February this year, HMSI inaugurated its first dedicated scooter plant in
India in Gujarat. With expanded capacity, the company was hoping to post 20
per cent growth in 2016-17. Between
April and October, its domestic sales
grew by 20.8 per cent. This has slowed
DOMESTIC SALES
Source: Siam
Airtel to acquire
Orascoms stake
in MENA
PRESS TRUST OF INDIA
London, 20 December
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Date: 21.11.2016
1.
5/6, Poonam Heights, S.V.Road, Goregaon (West), Mumbai - 400 062
2.
1201, Interface Heights A, Link Road, Malad (West), Mumbai - 400 064
3.
1201, Interface Heights A, Link Road, Malad (West), Mumbai - 400 064
4.
Gala No. 7 & 8, Poonam Heights, Opp. MTNL, Goregaon (West), Mumbai - 400 062
1 We, duly registered with the Reserve Bank of India and incorporated under the provisions of the Companies
6001647
Channel
Rs.
7,00,00,000/(Rupees Seven
Crores Only)
28.12.2011
29.12.2011
29.12.2011
29.12.2011
29.12.2011
29.12.2011
30.12.2011
30.12.2011
20.04.2012
20.04.2012
20.04.2012
31.07.2012
23.10.2012
28.12.2012
28.12.2012
28.03.2013
03.04.2013
30.05.2013
30.05.2013
30.09.2013
28.06.2014
TOTAL
6,40,25,115.11/-(Six
One hundred and
hereto.
in accordance with law and/or other Acts, whichever applicable please note.
tenancy or license or any other rights whatsoever, in or over the secured asset, or otherwise dealing with the secured assets in any manner whatsoever to
the limits of the P-South Ward of the Brihanmumbai Mahanagarpalika.