Honda’s global motorcycle operations under-performed the group as a whole in its first-quarter financial results to 30 June.
Total Honda-branded powered two-wheeler and ATV sales worldwide during the period increased by two per cent to 4.137 million units. Machines produced by wholly-owned subsidiaries rather than joint-venture affiliates were up by 3.6 per cent to 2.457 million units.Â
European sales rose by 15.4 per cent to 60,000 units. North America was flat at 62,000 units. Asian markets, primarily driven by strong growth in India offsetting reductions elsewhere, improved by 3.3 per cent to 3.593 million units. Japanese domestic sales fell by 10.1 per cent to 48,000 units. Africa and Latin America were also negative.
Revenue attributable to motorcycles grew by 2.7 per cent to £2.35bn. Related operating profit was up by 3.3 per cent to £254m.
Overall group revenue increased by 5.4 per cent to £17.26bn. Operating profit was up by 7.1 per cent to £1.14bn and net profit stacked on 19.6 per cent to £846m.