Honda Two Wheeler Insurance

News About Honda Two Wheeler Insurance

• Honda unveils adventure scooter, X-ADV

  X-ADV, the new offering from Honda is a scooter that can be ridden both on the road and off it. With rugged styling and good amount of ground clearance, the bike has 21 litres of storage capacity below the seat.

  The scooter has a Smart Key system that is usually seen in cars. The key is detected by the sensors on the bike and you just need to push the starter button. The scooter also has a 745 cc engine that is coupled to DCT automatic transmission. The vehicle has two automatic riding modes, i.e., D and S. The S mode has three levels within that decide the power output, based on the preferences of the rider. There is also a manual operation mode.

  Honda stated that the bike’s long travel suspension, dual purpose tyres, and tough chassis improve off-road driving comfort.

  

  15 November 2016

• Honda Sells Over 1.25 Million Two Wheelers During the Festive Season

  Honda Motorcycle and Scooter India (HMSI), the second biggest manufacturer of two wheelers in India, reported last week that it set a new record in sales by passing the 1.25 million mark. The sales in October alone increased by 9% to almost 500,000 units. Activa, the company’s flagship scooter, recorded sales in excess of 3 lac units for four months in succession. According to a statement released by the company, more than 1.25 million units were sold during the festive period, marking an increase of 25% in comparison with last year.

  

  11 November 2016

• Honda Motorcycles and Scooters India Made Total Sale of 28 Million

  It is recently announced that Honda Motorcycles and Scooters India (HMSI) have made a sale of 28 million in India. The sales increased considerably after the launch of Honda Navi. This model had achieved so much of popularity that around 15,000 units were sold within a short duration of time. There has been a growth of about 24% for HMSI this year. Activa and CB Shine have also contributed a lot towards the growth of the company. They also want to reach out to more people residing in rural and semi urban areas. They will soon introduce a lot of new products across different categories. These steps would hopefully strengthen their market position.

  

  12 November 2016

• Honda Motorcycle and Scooter India to Increase the Production of Navi

  After getting lot of positive feedback prior the launch of ‘by India, for India’ bike Navi, Honda Motorcycle and Scooter India(HMSI) is now planning to increase its production by 1 lakh units. According to Yadvinder Singh Guleria (Senior Vice President, Sales and Marketing), the company was really amazed by the huge response Navi has got, so they decided to double up its production. As of now, they are aiming to sell around 2,000 units per month. The recent report reveals that they have already sold around 500 units to the Himalayan region in the last month.

  

  2 November 2016

• Honda offers cash discount of Rs. 2000 on their two wheelers

  In a bid to increase its sales during the Diwali season, Honda Motor and Scooter India (HMSI) has decided to offer a cash discount of Rs. 2000 on their two wheeler offerings.

  The company decided on this move in order to reach a self assigned sales target of 20% this year. The company is also offering cash bonus of Rs. 1,500 if customers exchange their vehicle for a brand new Honda product across Punjab.

  The Rs. 2000 discount, however, is mostly available for government employees working in a state and central capacity. HMSI is also expecting this sale to help increase its reach as it is hoping to reach over 5400 dealerships by the March of next year.

  

  1 November 2016

• Hero MotoCorp Toppled by Honda Motorcycle & Scooter in 11 States

  According to recent reports HMSI(Honda Motorcycle & Scooter) has gone ahead of Hero MotoCorp in the market. The market share has increased from 24% last year to 27% this year. On the other hand, in case of Hero MotoCorp, the market share has decreased from 41.3% to 40%. This has led to HMSI to become number one brand in almost 11 states in India. However, in spite of its growing market share in all these states, TVS Motor still leads the market in Tamil Nadu. According to Yadvinder Singh Guleria(Senior Vice-President for sales and marketing, HMSI), there are many factors that have contributed to its rise in market share such as increasing usage of scooters and capacity addition. However he also admits that they still have a lot of catching up to do with Mujnal firm.

  

  23 October 2016

• HMSI Sales Rise by 32% To 5,69,011 units in September 2016

  Following its lucky streak, Honda Motorcycle and Scooter India (HMSI) announced another victory for the month of September. The two-wheeler manufacturer announced a 32.1% rise in their sales for the month of September 2016, registering record sales of 5,69,011 units. For the corresponding month last year, the sales figures stood at 4,30,724 units. There was a 31% rise in domestic sales which stood at 5,39,662 units , as against 4,11,635 units sold in the corresponding month last year.

  Motorbike sales have risen by 25% and stood at 1,84,007 units in September 2016 as compared to 1,47,227 units in the same month last year. Scooter sales have also gone up to by 35% and were recorded at 3,55,655 units as against 2,64,408 in September 2015.

  

  3 October 2016

• Honda Targeting Rural Markets To Drive Scooter Sales

  Honda is looking to use the upcoming festive season to push their scooters in the rural market. While scooters have generally been associated with the urban market, Honda wants to drive growth from the rural sector and have increased production in anticipation of a hike in demand.

  The favourable monsoon is also a factor that the company hopes will drives two wheeler sales in this sector, which is lagging behind. According to reports, scooter sales fell from 35,000 in September 2015 to less than 18,000 this year.

  Another problem faced by the rural sector was the long wait period due to high demand from urban sectors. To address this, the company have opened a scooter-only manufacturing plant.

  The company aims to achieve 20% growth over the festive season, with two wheeler insurance providers also likely to benefit.

  

  19 September, 2016

• Honda bikes rule the roost in 160cc segment

  Intense competition in the motorcycle segment has seen companies launch an array of products designed to cater to multiple needs. While the market for commuter bikes remains the biggest, motorcycles which offer the benefits of both performance and convenience are sought after by the younger generation. It is for this reason that manufacturers are focussing on bikes in the 160cc range, which are affordable and offer a higher degree of performance. A step-away from the 150cc segment, these bikes are trying to create a niche market for themselves.

  A recent report indicates that Honda is the biggest player in this segment, followed by TVS. The Honda CB Hornet 160R is perhaps the leader of this pack, thanks to its aggressive styling and muscular design. The bike, which has a 162cc engine packs sufficient power for both city and highway riding, making it a good choice for someone looking to spend around Rs. 85,000 for a bike.

  The Honda Unicorn 160 comes across as a more balanced bike, offering practical solutions to individuals. At a price tag of around Rs. 72,000, it is more suited to those looking to ride the legacy established by the old Unicorn. The third player in this league is the TVS Apache RTR 160, a bike which has been lauded for its performance. At a price of just under Rs. 74,000 (ex-showroom, New Delhi), it offers great specs and riding comfort to buyers.

  

  9 August 2016

• Honda Navi Reports a Boost in Sales

  Honda has recently reported a boost in sales of its Honda Navi model in the domestic market. The sales mark of 10,000 units has been crossed by the Honda Navi in a span of 2 months. This hybrid model is offered in 3 variants: the Navi Adventure, the Navi Off-road and the Navi Street. It is available in the following colors: Hooper Green, Navi Street, Shasta White, Black and Sparky Orange. Get a two wheeler insurance cover for this model from any leading general insurance provider.

  

  9 June 2016