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Honda India registers comprehensive growth of 23 per cent in April 2019

Honda Cars India Ltd (HCIL) On Wednesday Reported That The Company Registered A Comprehensive Growth 23 Per Cent Last Month.

News Nation Bureau | Edited By : Anurag Singh | Updated on: 01 May 2019, 06:46:52 PM
Honda India (File Photo)

Honda India (File Photo)

New Delhi:

Honda Cars India Ltd (HCIL) on Wednesday reported that the company registered a comprehensive growth 23 per cent last month. In April 2019, Honda registered monthly domestic sales of 11,272 units as against 9,143 units in the same month last year.

Notably, Honda has seen a strong sales growth thanks to the new-gen Amaze as also the WR-V. The company even exported 220 units in April 2019. 

HCIL Senior Vice President and Director, Sales and Marketing Rajesh Goel said, "HCIL's April sales growth is primarily due to lower base effect, as there was no Amaze in corresponding month last year during model runout.”

Goel further said, “The ongoing elections and overall subdued market sentiment continues to affect the sales momentum.” “Going forward, the industry is heading towards a tougher year impacting sales due to volatility in fuel prices, increase in car prices owing to new regulations and stricter inventory control for smooth switchover to BS6 regime by year end," he added.

Interestingly, Honda is planning to bring more cars to India in 2019. The company had already announced that there would be 6 new models in three years starting 2018. Honda has already launched 3 new models in the country in the form of the new-gen Amaze, CR-V and Civic. Now, let’s wait and watch what Honda is going to offer next.

In the month of January this year, HCIL reported an increase of 23 per cent in its domestic sales at 18,261 units. The company had sold 14,838 units in January 2018. On the exports front, the HCIL dispatched a total of 200 units in January 2019.

During the ongoing financial year, HCIL has registered a cumulative growth of 5.7 per cent by selling 153,058 units during April’18 – January’19, against 144,802 units in the corresponding period last year.

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First Published : 01 May 2019, 06:46:17 PM