Honda 2016 Annual Report Download - page 15

Asia
Total demand for motorcycles in Asia* decreased around
6% from the previous year to approximately 39,140
thousand units in calendar year 2015.
Looking at market conditions by country, in calendar year
2015, demand in India increased about 1% from the previ-
ous year to approximately 16,120 thousand units. Demand
in China decreased around 14% from the previous year to
approximately 9,200 thousand units. Demand in Indonesia
decreased around 18% from the previous year to approxi-
mately 6,480 thousand units. Vietnam saw demand increase
around 5% from the previous year to approximately 2,840
thousand units. Demand in Thailand declined around 1%
from the previous year to approximately 1,670 thousand
units. Demand in Pakistan increased around 16% from the
previous year to approximately 1,520 thousand units.
Honda’s consolidated unit sales in Asia increased 2.0%
from the previous fiscal year to 8,650 thousand units in
fiscal year 2016. This was due in part to brisk sales of
scooter models such as the
Vision scooter in Vietnam,
increased sales of the
TMX125 Alpha model in the
Philippines, as well as other factors.
Honda’s consolidated unit sales do not include sales by
P.T. Astra Honda Motor in Indonesia, which is a joint venture
accounted for using the equity method. P.T. Astra Honda
Motor’s unit sales for fiscal year 2016 decreased around 9%
from the previous fiscal year to approximately 4,450 thousand
units due mainly to lackluster overall market conditions,
despite steady sales of the
Vario series and other models.
* Based on Honda research. Only includes the following eight countries: Thailand,
Indonesia, Malaysia, the Philippines, Vietnam, India, Pakistan and China.
Other Regions
Total demand for motorcycles in Brazil*, the principal market
within Other Regions, declined about 17% from the previous
year to approximately 1,190 thousand units in calendar year
2015, mainly due to an increase in unemployment and
stricter lending standards for retail loans amid a continued
worsening of economic conditions.
In Other Regions (including South America, the Middle
East, Africa, Oceania and other areas), Honda’s consoli-
dated unit sales decreased 21.7% from the previous fiscal
year to 1,230 thousand units in fiscal year 2016, mainly
reflecting an overall market slump in Brazil.
* Source: ABRACICLO (the Brazilian Association of Motorcycle, Moped, and
Bicycle Manufacturers)
TMX125 Alpha (Philippines) Vision (Vietnam)
Honda Motor Co., Ltd. Annual Report 2016 14
5Review of
Operations
Return to last
page opened
Go to
contents page
2Financial Highlights
3To Our Shareholders
4CFO Interview
6Corporate
Governance
7Financial Section
8Investor Relations
Information
1The Power of
Dreams