Honda announced revenues for Q1 FY2014 of ¥2,834bn (£19bn), a 16.3% increase on the previous quarter.

Honda also posted an operating income of ¥184.9bn for the first quarter FY2014, an increase of 5.1%, compared to the same period last year.

Honda have seen revenues increase due to an improvement in motorcycle sales in Asia, increased car sales in all regions except for Japan, reduced costs and favourable currency effects due to the depreciation of the Japanese yen.

In the UK, Honda announced a raft of finance offers on its motorcycles and mopeds at the start of July, a month after renewing its deals on the Jazz and Civic.

Honda’s previously-announced financial result forecasts for the current fiscal year ending March 31, 2014 will remain unchanged based on the results for this fiscal first quarter.

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