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HMSI's sequential domestic dispatch up 53% in July
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SME Times News Bureau | 01 Aug, 2020
The increasing demand for personal mobility in the COVID-19 era pushed
Honda Motorcycle & Scooter India's (HMSI) domestic dispatch higher
by 53 per cent in July on a sequential basis.
Accordingly, the
company's total dispatches in July stood at 3,21,58 3 units - adding
over 1 lakh units compared to the previous month on back of increasing
demand for personal mobility in the COVID-19 era.
"While July'20
domestic dispatch of 3,09,332 two-wheelers saw a strong 53 per cent
growth over 2,02,837 two-wheelers sold in June'20; exports too
accelerated to 12,251 units - up 52 per cent over 8,042 unit s exported
in June'20," the company said in a statement.
"Noteworthy,
July'20 is the first month post unlock in FY2020-21 that Honda's
domestic dispatches breached the 3 lac mark and exports too crossed the
10,000 units' level."
According HMSI' Director - Sales &
Marketing Yadvinder Singh Guleria, intermittent regional lockdowns
across India slowed down the retail momentum gained in June as the
percentage of operational network dropped to 80 per cent in July.
"While
the physical inventory level at our dealerships is less than a month's
sales, giving us confidence is the growth in new enquiries on back of
increasing acceptability of Honda's newly launched BS-VI models with
advanced technology & features," Guleria said.
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