Honda Two Wheeler Sales in January 2024 Increased by 41.51%

Key Highlights:

• Honda has announced 41.51% increase in its YoY sales
• The two wheeler manufacturer witnessed commendable 32.25% rise in MoM sales
• The company sold 4,19,395 units in January 2024

Honda Motors has showcased an impressive performance in the 2W segment for January 2024, reporting substantial growth both Year over Year (YoY) and Month over Month (MoM). The company recorded a notable 41.51% increase in YoY sales and a commendable 32.25% rise in MoM sales. This report provides a detailed analysis of Honda's sales performance, highlighting key metrics, including domestic and export sales figures.

Honda YoY Performance

Honda witnessed a significant surge in YoY sales, with a 41.51% increase compared to January 2023.

Domestic sales rose by 37.52%, from 2,78,143 units in January 2023 to 3,82,512 units in January 2024, marking a substantial YoY increase of 37.52%.

Export sales experienced remarkable growth, skyrocketing by 102.43%, from 18,220 units in January 2023 to 36,883 units in January 2024.

Honda MoM Performance
 

Honda's MoM sales demonstrated robust growth, indicating a 32.25% increase compared to December 2023.

Domestic sales surged by 33.7%, from 2,86,101 units in December 2023 to 3,82,512 units in January 2024, indicating strong market demand and effective sales strategies.

Export sales also exhibited positive momentum, increasing by 18.89% from 31,022 units in December 2023 to 36,883 units in January 2024,  reflecting the company's global competitiveness and expansion efforts.

CarBike360 Says

Honda Motors has demonstrated exceptional sales performance in the 2W segment for January 2024, characterized by substantial growth in both domestic and export markets. The impressive YoY and MoM sales figures underscore the effectiveness of Honda's market strategies, product portfolio, and brand positioning. 

Also Read: Hero Sustained Impressive Sales With 4.3 Lakh Units Sold in January 2024