TOKYO, Aug 29 (Reuters) - Honda Motor Co 7267.T expects to boost motorcycle sales by more than 10 percent to around 15 million units this year, driven by surging demand in Brazil, India and other major markets, a top executive said on Friday.
Honda, the world’s top motorcycle maker with roughly 30 percent of the global market, is adding a combined 1 million units worth of production capacity this year with new factories in India and Vietnam, and has another 500,000 units coming in Brazil early next year. “We want to sell 15 million motorcycles this year, and we’re on track for that,” Tatsuhiro Oyama, chief operating officer for Honda’s motorcycle operations, told Reuters in an interview.
“People talk about the car business being difficult, but you don’t hear that about the motorcycle business. That’s because all the economic growth is happening in ‘developing markets’, and that’s where most of the motorcycle demand is,” he said.
Reporting by Chang-Ran Kim
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