Honda revs motorcycle demand | Bangkok Post: business

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Honda revs motorcycle demand

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AP Honda, the local distributor of Japanese motorcycles, expects overall domestic demand to reach 2.15-2.2 million units this year, increasing from 2.13 million last year. 

Sales director Suchart Arunsaengroj said the forecast is based on an economic growth forecast of 4.5-5.5%, indicating higher purchasing power among consumers.

"The daily minimum wage of 300 baht nationwide is the key positive factor for the motorcycle market and helps to spur sales," he said.

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