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MUMBAI - Honda Motorcycle & Scooter India (HMSI), a unit of Japan's Honda Motor Co, expects to sell 1.25 million two-wheelers in the fiscal year ending March 31 and 1.5 million units in 2010/11, it said on Wednesday.

The company expects to sell 220,000 units of its new 110cc motorcycle, CB Twister, which it launched in India late last year, it said in a statement.

Net profit of Hero Honda Motors rose 94.95% to Rs 597.14 crore in the quarter ended September 2009 as against Rs 306.30 crore during the previous quarter ended September 2008. Sales rose 26.66% to Rs 4040.10 crore in the quarter ended September 2009 as against Rs 3189.71 crore during the previous quarter ended September 2008.
Particulars Quarter Ended
Sep. 2009 Sep. 2008 % Var.
Sales 4040.10 3189.71 27
OPM % 18.42 13.25 39
PBDT 818.98 497.11 65
PBT 768.64 450.47 71
NP 597.14 306.30 95