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Jakarta Post

Honda records 175 percent increase in CBU exports

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, February 26, 2019   /   02:15 pm
Honda records 175 percent increase in CBU exports A man works at a Honda motorcycle plant. (Tribunnews/.)

Motorcycle manufacturer PT Astra Honda Motor (AHM) recorded a 175 percent year-on-year (yoy) increase in its completely built-up (CBU) motorcycle exports to 17,300 units in January from 6,281 units in the same period last year.

"The increase shows that local products can compete in the export market," AHM general manager of the overseas business division Kurniawati Slamet said in Jakarta on Monday as quoted by Antara.

Through an official statement, Kurniawati said Honda's export growth was above the national average for motorcycle exports, which according to the Indonesia Motorcycle Producers Association (AISI) hit 67,016 units, a 76.3 percent increase from 38,021 units in January 2018.

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She said that AHM had contributed to 25 percent of the country's motorcycle exports in January this year.

Honda's CBU motorcycle exports in January was dominated by automatic motorcycles at 16,412 units, followed by sport motorcycles at 728 units and cube motorcycles at 160 units. The company's biggest export markets for its CBU units were Bangladesh and the Philippines.

Aside from exporting its CBU units, AHM also shipped its completely knocked down (CKD) units to Vietnam, Malaysia, Japan, Thailand and Cambodia.

The company's CKD exports grew 28 percent to 18,700 units in January this year from 14,640 units in the same period last year.

The motorcycle models exported, whether CBU or CKD, were Honda Vario Series, Honda BeAT series, Honda Supra GTR150, Honda Blade, Honda Sonic 150, Honda CRF150, Honda CBR series and Honda CB150R StreetFire.

"We are optimistic that the positive growth we have seen in early 2019 will continue on until we reach 50 percent growth in motorcycle exports by the end of the year," Kurniawati said. (ars/dmr)