Honda Vietnam to launch 10 new motorbike models
(VOV) - Honda Vietnam has announced that it will launch ten new motorbike models in fiscal year ending March 2015, aiming to turn Vietnam into the “hub” of the motorbike world.
The company unveiled that it aims to sell two million motorbikes during the year increasing its sales volume to US$247 million, up 166% over the prior year.
It also plans to expand exports to over 22 nations in the world. The company said that domestic motorbike sales are forecast at 2.71 million, down 13% over last year attributable to the fact that the national economy has not fully recovered. However, the company is bullish on international motorbikes sales, reaching 1.85 million with a concurrent increase in market share from 5.5% to 68%.
The company currently exports motorbikes to Europe, Asia, South-West Asia, North and South America. Additionally, it exports a special model like Dunk motorbike to the Japanese market.
Honda Vietnam currently has two fully operational factories in Vietnam. A third is expected to be put into operation this coming October capable of producing 2.5 million motorbikes per annum.