There is an 87 per cent drop by Honda Motorcycle revenue for 2020-21 at Rs 152 crore, registering its lowest web revenue in last six years, whereas its income fell 5 per cent 12 months on 12 months to Rs 22,423 crore as per the statement given by Honda Motorcycle and Scooter India.

The online revenue has dropped to just about one-thirteenth of what the Indian unit of Japan’s largest two wheeler maker Honda Motor Firm generated simply 4 years again at Rs 1,983 crore in FY18.

The working revenue margin was 6.22 per cent in FY21, one rock bottom among the various main two-wheeler makers, in line with the corporate’s submitting with the Ministry of Company Affairs shared with ET by enterprise analysis platform Tofler.

The working revenue fell 36 per cent 12 months on 12 months to Rs 1,396 crore final fiscal because the uncooked materials to gross revenue elevated to 73.8 per cent, an increase of 488 foundation factors over FY20.

HMSI (Honda Motorcycle and Scooter India) administrators report mentioned the unprecedented pandemic impacted not solely the worldwide and Indian economic system but additionally the two-wheeler business in India.

HMSI’s market share within the house two-wheeler slid to 25.6 per cent in FY21, rock bottom since FY14, whereas market chief Hero MotoCorp market share rose 1.3 per cent to 37 per cent, the simplest since FY16.

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