Honda Vietnam motorcycle sales fall slightly in fiscal year 2022
VOV.VN - Honda Vietnam sold more than 2 million motorcycles in the 2022 fiscal year from April 2021 to March 2022, down 2.7% compared to the previous fiscal year, the company said in its annual report announced recently.
Despite its slight decrease in sales, Honda’s local market share still increased by 2%, reaching about 80% in the context of market difficulties.
However, Honda Vietnam forecast that it is likely to experience a decrease in the output of some models of domestically produced scooters from April 2022. It is expected that the output of some models of locally produced scooters for May and June would decrease by nearly half compared to the original plan.
The company is trying to optimize production capacity to meet market demand at the earliest possible time, Honda Vietnam said in its report.
Also in the 2022 fiscal year, Honda Vietnam exported 207,000 completely built units (CBU), up 25.5% year on year. It is projected to ship 225,000 CBUs abroad in the 2023 fiscal year, a year-on-year rise of 9%.
Due to the negative impact of the COVID-19 pandemic, Honda Vietnam sold just over 24,000 cars in the 2022 fiscal year, down nearly 7% compared to the previous year.