Mumbai, February 3rd  2026: AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, has entered into a strategic Memorandum of Understanding (MoU) with Honda Motorcycle & Scooter India (HMSI). The collaboration will offer customers affordable and convenient financing options for purchasing Honda two-wheelers across India.

As a preferred financier for Honda two-wheelers, AU Small Finance Bank will provide STP-enabled, analytics-based faster credit decisioning supported by Account Aggregator, along with digitally enabled repayment solutions to deliver a smoother, simpler, and more convenient financing experience. The partnership also includes joint marketing and promotional efforts across HMSI dealerships and AU Small Finance Bank branches.

Key Highlights of the Partnership

This collaboration will help to fulfil the dream of customers across segments including the first-time two-wheeler buyers, by enabling quicker eligibility assessment with paperless process, making it easier to own their vehicle. Honda customers will benefit from competitive schemes, promotional offers, and pre-approved offers, along with end-to-end tech-enabled loan support from AU Small Finance Bank.

AU Small Finance Bank customers will also gain the ability to purchase Honda’s trusted range of motorcycles and scooters, supported by the bank’s seamless system integration that enables online applications, real-time status tracking, and a frictionless financing experience. The tie-up further provides AU customers with direct access to HMSI’s extensive dealership network across India.

Commenting on the occasion, Uttam Tibrewal, ED & Deputy CEO, AU Small Finance Bank, said, “Partnering with Honda Motorcycle & Scooter India marks a significant milestone in AU Small Finance Bank’s journey of expanding mobility finance across the country. Honda is one of the most trusted and aspirational two-wheeler brands in India, and this collaboration strengthens our commitment to enabling millions of customers with easier access to high-quality mobility. As we progress toward becoming a Universal Bank, such partnerships reinforce our national distribution strength, customer-first philosophy, and our ability to deliver transparent and innovative financial solutions at scale.”

Mr. Yogesh Mathur – Director, Sales and Marketing, Honda Motorcycle & Scooter India, said, “Strengthening the financing ecosystem is central to HMSI’s customer-centric approach. This collaboration with AU Small Finance Bank is aimed at enhancing the credit solutions offered to the customers at HMSI dealerships across India. It will simplify the purchase journey and enable us to offer customers affordable and convenient financing options, while creating trust and transparency at every stage of the buying experience.”

Through this integrated operational framework, both organizations aim to maximize the effectiveness of the partnership and deliver a consistent, efficient, and customer-focused financing experience.

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During the month, the company’s overall dispatches stood at 5,97,711 units, registering 21% YoY growth. This includes domestic sales of 5,53,120 units and 44,591 units exports. The domestic sales registered 20% YoY growth while the exports grew by a massive 48% over the same period of last year.

It is worth mentioning that HMSI’s YTD April – October 2024 total sales is 37,56,088 units. This includes domestic sales of 34,34,539 units and exports stood at 3,21,549 units.

Key Highlights of October 2024: 

Ø  Business Milestone: HMSI has achieved the remarkable feat of 1 crore cumulative two-wheeler sales in Central Indian states of Uttar Pradesh, Madhya Pradesh, Uttarakhand & Chhattisgarh. The company also achieved the milestone of selling 5 million units in Karnataka, underscoring its position as the preferred choice for two-wheeler buyers in this dynamic South Indian state.

Ø  Product: HMSI launched the new CB300F Flex-Fuel, marking a significant stride in the country’s transition to greener mobility solutions. Attractively priced at Rs. 1,70,000 (ex-showroom, Delhi), it is India’s first 300cc flex-fuel motorcycle.

Ø  Network Expansion: Elevating the #GoRidin spirit, HMSI inaugurated BigWing dealership in Kalamassery, Kochi (Kerala).

Ø  Road Safety: Expanding road safety awareness in India, HMSI conducted awareness campaigns in 10 cities across India – Bikaner (Rajasthan), Palghar (Maharshtra), Dr. Ambedkar Nagar (Madhya Pradesh), Shillong (Meghalaya), Kanchipuram (Tamil Nadu), Nellore (Andhra Pradesh), Hoshiarpur (Punjab), Tumkur (Karnataka), Jhansi (Uttar Pradesh) and Muzaffarpur (Bihar). The company also celebrated the 7^th anniversary of its Traffic Training Park in Karnal (Haryana) & 4^th anniversary of its Safety Driving Education Centre in Bangalore (Karnataka). Additionally, HMSI organized Road Safety Conventions with school principals in Karnal (Haryana) as a part of ongoing project – Mindset Development for our Future Generation.

Ø  Motorsports: Honda Racing India rider Mohsin Paramban won the 2024 season of IDEMITSU Honda India Talent Cup NSF250 with seven wins in 10 races.

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Since it began its operations in June 2001, HMSI has always strived to meet the evolving needs of its diverse customer base, offering a wide range of motorcycles and scooters that combine cutting-edge technology with exceptional reliability. HMSI has 400+ network touchpoints in Karnataka (including 12 BigWing outlets). Activa & Shine are the top selling Honda models in the state.  The 5 million sales milestone reflects the steadfast trust and loyalty of HMSI’s customers in Karnataka.

Commenting on this occasion, Mr. Yogesh Mathur, Director, Sales & Marketing, Honda Motorcycle & Scooter India, said, “We are incredibly grateful to our customers in Karnataka for their trust in Brand Honda & helping us reach the 5 million milestone. This achievement motivates us to continue pushing boundaries and enriching the lives of millions across India. We sincerely thank all the stakeholders for their continued support. Their trust inspires us to keep advancing on our path of excellence, delivering even greater value to all.”

Delighting customers with quality products and service in Karnataka:

The company’s product line-up includes four scooter models (Activa & Dio in 110cc scooters, Activa 125 & Dio 125 in 125cc scooters) and in the motorcycle category, there are nine exciting models across 100-110cc (Shine 100, CD 110 Dream Deluxe & Livo), 125cc (Shine 125 & SP125), 160cc (Unicorn & SP160) and 180-200cc (Hornet 2.0 & CB200X) segments.

HMSI’s premium motorcycle retail format is led by the BigWing Topline for entire premium motorcycle range (200cc – 1800cc) in top metros and BigWing – exclusively for mid-size motorcycle segment (200cc – 500cc). Its diverse range of motorcycles includes the CB350, H’ness CB350, CB350RS, CB300F (along with the new Flex-Fuel version), CB300R, NX500, XL750 Transalp, Africa Twin and Gold Wing Tour. Moreover, the Hornet 2.0 and CB200X are now retailed via BigWing showrooms as well.

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During the month, the company’s overall dispatches stood at 5,83,633 units, registering 11% YoY growth. This includes domestic sales of 5,36,391 units and 47,242 units exports. The domestic sales registered 9% YoY growth while the exports grew by a massive 34% over the same period of last year.

It is worth mentioning that HMSI’s YTD April – September 2024 domestic sales are 28,81,419 units and exports stood at 2,76,958 units.

Key Highlights of September 2024: 

Ø  Business Milestone: HMSI has achieved the remarkable feat of selling over 10 million units of ‘Activa’ cumulatively in the vibrant South Indian states & union territories of Tamil Nadu, Karnataka, Telangana, Kerala, Andhra Pradesh, Puducherry, and Andaman & Nicobar Islands.

Ø  Road Safety: Expanding road safety awareness in India, HMSI conducted awareness campaigns in 12 cities across India – Sukna (West Bengal), Ahmedabad (Gujarat), Barrackpore (West Bengal), Bhilai (Chhattisgarh), Bhubaneswar (Odisha), Bhavnagar (Gujarat), Tirupati (Andhra Pradesh), Dindigul (Tamil Nadu), Baramati (Maharshtra), Ayodhya (Uttar Pradesh), Solan (Himachal Pradesh) and Ajmer (Rajasthan). The company also celebrated the 5^th anniversary of its Safety Driving Education Centre in Kozhikode (Kerala). Additionally, HMSI organized Road Safety Conventions with school principals in Ahmedabad (Gujarat) as a part of ongoing project – Mindset Development for our Future Generation. 

Ø  CSR: Honda India Foundation (HIF) along with the Mizoram Youth Commission (MYC) and Visan Foundation launched “Project Buniyaad – Aathmanirbharta Ka Aadhar” in Mizoram that aims at providing employment to the unemployed youth from the marginal sections of the society. Additionally, HIF organized the felicitation ceremony for top performers of the Honda ki Pathshala at Honda Samajik Vikas Kendra, a multi-facility skill development center at Naurangpur (Haryana).

Ø  Motorsports: Mohsin Paramban seized double victory in Round 4 of 2024 IDEMITSU Honda India Talent Cup NSF250 category followed by Prakash Kamat at second and Siddesh Sawant at third position. Additionally, the IDEMITSU Honda Racing India team earned 1 point in Round 5 of 2024 FIM Asia Road Racing Championship, bringing their cumulative total to 13 points for the season in the Asia Production 250cc (AP250) class.

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During the month, the company’s dispatches stood at 5,38,852 units, registering 13% YoY growth. This includes domestic sales of 4,91,678 units and 47,174 units exports. The domestic sales for the month registered 9% YoY growth while the exports grew by a massive 79% over the same period of last year.

It is notable that, HMSI YTD April – August 2024 domestic sales were 23,45,028 and exports stood at 2,29,716 units.

Key Highlights of August 2024: 

Ø  Business Milestone: HMSI has achieved the remarkable feat of selling over 30 lakh units in Madhya Pradesh, reaffirming its status as preferred choice for two-wheeler buyers in the state.

Ø  Road Safety: Expanding road safety awareness in India, HMSI conducted awareness campaigns in 11 cities across India – Udaipur (Rajasthan), Jorhat (Assam), Thiruvananthapuram (Kerala), Sagar (Madhya Pradesh), Nandurbar (Maharashtra), Bathinda (Punjab), Thiruvallur (Tamil Nadu), Hyderabad (Telangana), Kanpur (Uttar Pradesh), Ramgarh (Jharkhand), and Aurangabad (Maharashtra). The company also celebrated the 6^th anniversary of its Traffic Training Park in Thane (Maharashtra). Additionally, HMSI organized Road Safety Conventions with school principals in Jaipur (Rajasthan) & New Delhi as a part of ongoing project – Mindset Development for our Future Generation.

 Ø  CSR: Honda India Foundation (HIF) introduced a video campaign #SambhavHaiAzadi on the occasion of India’s 78^th Independence Day. The campaign underscores the belief that true independence lies not only in the freedom we enjoy but also in the responsibility we undertake to preserve and protect our environment. While we use the precious resources responsibly, we need to promote road safety, educate our children, and ensure cleanliness of our local surroundings.

Ø  Motorsports: Siddesh Sawant emerged as the undisputed leader in the second race of Round 3 of IDEMITSU Honda India Talent Cup NSF250R category followed by Savion Sabu at second and Beedani Rajendra at third position.

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