Two-wheeler maker Honda Motorcycles & Scooter India (HMSI) on Saturday said it aims to clock sales of over 1 million units during this festival season on the back of implementation of 7th Pay commission and favourable monsoon.
“We plan to sell more than one million units during this festival season,” HMSI Sr Vice President (Sales & Marketing) YS Guleria told reporters here on Saturday. The company is targeting 25 per cent growth in sales during festival season as compared to sales it clocked during last festival season.
“We are expecting that bikes will constitute 35 per cent of target sales during festival season as demand for motor cycles picks up in rural sector during these months,” he said. It is offering cash benefit of Rs2,000 on the purchase of motor cycles to woo Central Government and PSU employees who have got money under 7th pay commission.
“Everybody is talking about release of money to Central Government employees under 7th pay commission as well as release of arrears to railway employees. Moreover, we have One Rank One Pension,” he said. The positivity in the economy led by 7th pay commission, OROP disbursements and favourable monsoon has translated to a robust return of demand for two-wheeler, he said.