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Honda Reports 2013-2014 Sales Results

A strong fourth quarter helped Honda see a 9.8% increase in motorcycle sales and a 9.3% increase in motorcycle revenue for its fiscal year ended March 31, 2014. The Japanese manufacturer reported sales of 17.0 million motorcycles and ATVs over the fiscal year, up from the 15.5 million sold in the previous year. Honda’s worldwide motorcycle sales increased in each of the previous seven quarters going from 3.8 million in the Q2 last year to 4.5 million in the most recently completed quarter.

Honda Opening Fourth Motorcycle Factory in India

Honda announced plans to open its fourth motorcycle manufacturing plant in India, with a production capacity of 1.2 million units per year. Honda is investing 11 billion Indian rupees (US$175.8 million) into the new facility which it hopes will strengthen the position of its subsidiary Honda Motorcycle Scooter India Ltd. as the world’s second largest motorcycle producer while taking aim at the current leader, Hero MotoCorp.

Mahindra teaser video revealed

WE GAVE you the heads up last month on Mahindra Motorcycles' plans to enter the lucrative Indian motorcycle market - and here's a teaser video showing one of the company's machines on track in Italy. The Indian company will offer a variety of motorcycles, ranging from low-cost entry models to premium two-wheelers, said Anoop Mathur, the head of Mahindra’s motorcycle wing. The company is already an established scooter, 4x4 and tractor manufacturer.Despite their optimism, Mahindra is aware the company is moving into a competitve market, dominated primarily by Honda.