Business IdeasHMSI eyes 18% rise in sales in FY'10
Two-wheeler maker Honda Motorcycle & Scooter India today said it is expecting its sales to grow by 18 per cent during the current fiscal on the back of several launches.
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The company has already launched a new Activa and a new version of 125 cc bike CBF Stunner and is planning to launch a 100 cc bike by March 2010.
"So far we have grown by 26 per cent within this fiscal and our target is to increase sales by 18 per cent in 2009-10," Honda Motorcycle & Scooter India (HMSI) Operating Head (Sales and Marketing) Naresh Kumar Rattan told reporters on the sidelines of a function here.
The company had sold 10.7 lakh units last fiscal and is aiming to sell over 12.5 lakh units by March 2010, he added.
"In the first four months of this fiscal our motorcycle sales have grown by 45 per cent, while scooter segment moved upwards by 10 per cent...We have already launched a new Activa and a new version of our 125 cc bike CBF Stunner," Rattan added.
When asked about the new product launches, he said, "We will foray into the mass segment by introducing a 100 cc bike by the end of this fiscal. We are also planning to roll out a few versions of our existing models."
HMSI is targeting to sell one lakh units of its proposed 100 cc bike within the first year of its launch, he added.
On capacity expansion, Rattan said, "We had a target to expand our capacity to 12.5 lakh units by the end of this fiscal year, but now we are looking at possibilities of expanding it to 15 lakh units a year."
HMSI has a manufacturing facility in Manesar and it had produced 10.7 lakh units of two-wheelers during 2008-09.