Honda Motor Company’s Indian subsidiaries have reported sharply divergent financial performances for FY25, highlighting the contrasting trends in the two-wheeler and passenger vehicle markets.

Honda Motorcycle and Scooter India (HMSI) reported a strong year, with revenue rising 23% to Rs 39,970 crore and net profit jumping 38% to Rs 3,727 crore. The company’s expenses increased to Rs 34,973 crore, reflecting higher production volumes but controlled costs.

The two-wheeler maker, which remains the country’s second-largest, continued to close in on market leader Hero MotoCorp. HMSI’s domestic sales grew 18% year-on-year to 5.33 million units in FY25, up from 4.53 million units a year earlier. Its market share stood at 25.37%, compared with Hero MotoCorp’s 28.84%.

The performance was su

See Full Page