NIFTY 50

Not expecting quick recovery in auto sector due to BS-VI pricing: Honda Motorcycle

Updated : January 16, 2020 08:38 AM IST

Country's second-largest two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) on Wednesday said it's not expecting a quick recovery in the auto sector due to Bharat Stage-VI (BS-VI) pricing.

In an interview to CNBC-TV18's Alisha Sachdev, Minoru Katu, president and chief executive officer, said that many customers might wait for discounts on BS-IV vehicles.

Katu said, "We are going to stop BS-IV model production by end of this month. Of course, this is the most difficult time as we transition from BS-IV to BS-VI. Many customers may wait for discounts on BS-IV but on the other hand many customers may wait for BS-VI."

He further added, "Not only the motorcycle industry but automobiles as well the customer sentiment is going down and of course with the BS-VI price increase it is difficult to expect a recovery soon."
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV