Honda To Sell Used Bikes
Honda’s two-wheeler division is planning to setup pre-owned business of its own in the country. The company has started a trial revision at select dealerships in Bangalore, Mumbai and Ahmedabad. These pre-owned dealerships will be setup separately from its existing dealerships and will challenge Hero Honda Sure (Hero Honda’s used two-wheeler business).
Other most popular Honda bikes are: Active, Active Deluxe, CB Shine and CB Twister. However Hero Honda Sure deals with exchange of old vehicle with a new Hero Honda bike, whereas Honda will deal directly with the sale and purchase of Honda motorcycles and scooters with customers. There will be no compulsion of exchange involved in the process.
Hero Honda Crosses Fifty Lakh Units
New Delhi, January 2, 2011: Hero Honda Motors Ltd the world's largest two wheeler manufacturer continued its dominance of two-wheeler market by recording sales of 501,111 units in the month of December’10, a surge of 33% over the corresponding month in '09. The year 2010 also marked the best ever calendar year for the company with cumulative sales of over 5 million units, a growth of 16.4% over the calendar year 2009. During the year, the company also witnessed 5 lakh plus monthly sales in October and December and also recorded 4 lakh plus monthly sales for eight consecutive months.
The Q3 of FY’11 also marked the most successful quarter for Hero Honda, with sales of 14,28,030 units, up by 29% over the corresponding quarter in FY’10, when the company had sold 11,11,372 units. Commenting on the performance, Mr. Anil Dua, Sr. VP (Marketing & Sales), Hero Honda Motors Ltd, said “2010 has been an outstanding year for Hero Honda. The year 2010 not only witnessed sales of over 5 million units but the company also consistently raised the bar and created new records. A double digit growth rate despite the large base of previous year is the reflection of confidence and trust that our customers and business partners repose in us. For the coming year, we further intend to solidify our leadership by launching new products combined with customer-focused marketing programs.
The year 2010 saw an impressive addition to an already strong product portfolio of HHML, with company launching a mix of new models, variants and refreshes. Earlier this financial year, the refreshed models of Glamour and Glamour FI were introduced to strengthen company’s leadership in the deluxe segment. Besides the launch of the new Super Splendor and Hunk, the festive season also witnessed the launch of a new bike from Hero Honda, the Splendor Pro. Splendor Pro has brought in the biggest-ever change in Splendor since its launch. It comes with APDV engine with Advanced Pro-Series Digital Variable Ignition System. Yet another attraction has been the launch of Passion Pro Commonwealth Games Limited Edition. The bike was designed as a collector’s item in order to celebrate Hero Honda’s association with the Commonwealth Games Delhi 2010 and spread the flavor of games amongst the sports-loving youth. During the year, Hero Honda further reinforced its association with sporting events, through its role as a Partner of the Commonwealth Games and Presenting Partner of the Queen’s Baton Relay for the Commonwealth Games 2010. HHML also successfully supported yet another highly acknowledged edition of the Indian Open Golf tournament.
Hero Honda and Bajaj bikes become expensive from tomorrow
The countries first and second largest two wheeler manufacture, Hero Honda and Bajaj Auto, bike prices will be increased from New year that is 1st January, 2010. Already both the companies have announced the increment for them bikes due to rising cost of various raw materials such as steel and rubber. After announcement of separation between Hero-Honda, this is the first time when it announced new prices. But the company claims that it will not effect the sales growth of two-wheelers. At present, either companies are recording overwhelming growth in sales.
Hero Honda has announced the hiked prices for the two wheelers and it starts from Rs. 500 to 1500. The increased bike prices will effect the ex-showroom price of Hero Honda CD Dawn to Hero Honda Karizma-the top model in it's portfolio. On the other hand, Bajaj bikes will also available with hiked prices. The company has announced to add up to Rs 1000 at Bajaj Two wheelers. The ex-showroom prices will apply from its entry-level Bajaj Platina to Bajaj Pulsar 220 top end model. Now, the bike lovers have to pay extra buck for their favourite vehicles. Here it is expected that other two-wheeler companies will also join the price hike race. Other two-wheeler makers like TVS, Yamaha, Suzuki and Mahindra are also expected to hike the prices at the end of February 2010.
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