Honda 2008 Annual Report Download - page 21

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Review of Operations
Glamour
Air Blade
Revo
Activa
* Total for eight countries: Thailand, Indonesia, Malaysia, the Philippines, Vietnam, India, Pakistan
and China
** Includes unit sales of completed products of Honda and its consolidated subsidiaries
and unit sales of parts to Honda’s affiliate companies accounted for under the equity
method for use in local production by such companies
injection model in April 2007, the Future Neo FI, and the Air Blade, with an automatic transmission.
On the production side, to respond to the growing diversity of customer needs and expansion in
demand, in July 2007, Honda began construction of its second plant in Vietnam, which will have
an annual capacity of 500,000 units.
In Indonesia, P.T. Astra Honda Motor, an affiliate accounted for under the equity method,
added a new model of the Revo to its lineup of 100cc Cub-type models in April 2007 and intro-
duced a version of the Fit X equipped with disk brakes in August 2007. P.T. Astra Honda Motor
also added another new model, the Supra X125, a Cub-type model, to its lineup in September
2007. However, these initiatives were not enough to compensate for the slump in the first half of
the year, and unit sales** declined 16.7%, to 2,056,000 units.
Indian consolidated subsidiary, Honda Motorcycle and Scooter India Private Limited, reported
robust sales of the brand new Shine, a 125cc motorcycle; the Unicorn, a 150cc motorcycle; the
Activa scooter, with an automatic transmission; and the Dio motorcycle. In addition, Hero Honda
Motors Ltd., an affiliate accounted for under the equity method, reported strong sales of the CD
Deluxe 100cc motorcycle; the Splendor NXG, which it introduced in May 2007; and the Glamour,
a 125cc motorcycle with cast alloy wheels. For the fiscal year under review, Honda’s total consoli-
dated unit sales** declined 47.5%, to 1,120,000 units.
In China, Wuyang-Honda Motors (Guangzhou) Co., Ltd., a Chinese affiliate accounted for un-
der the equity method, experienced favorable sales of its core models, the CGL125
motorcycle, the JOYING scooter and the SCR110 (TUKIN) model with a fuel-
injection system. Similarly, another affiliate in China accounted for under the equity
method, Sundiro Honda Motorcycle Co., Ltd., recorded robust sales of its key
models, the Wave and the M-LIVING, as well as its newly introduced flagship model,
the CBF150. Honda’s consolidated unit sales showed a decline of 106,000 units, or
37.7%, from the previous fiscal year.
Annual Report 2008 19