Honda Cars India Ltd (HCIL) on Wednesday noted a 49 per cent surge in domestic sales with around 11,177 units being sold out in August, much better than the previous year’s performance. HCIL in an official note said The company had sold 7,509 units in the domestic market in August 2020. Exports stood at 2,262 units last month as compared with 450 units in August 2020, it averred.
Commenting on the increase in sales, Senior Vice President and Director (Marketing & Sales) at HCIL, Rajesh Goel said, “Positive sales momentum and overall strong demand helped us to achieve good volumes with the onset of the festive season. The celebratory fervour which began with Onam in Southern India will extend to the rest of the markets as we move towards the peak of festivities.”
The company’s best-seller model — Amaze, which has been launched in its latest avatar last month, drove commendable sales volume with 6,591 units and reinforced its position as the most preferred family sedan in India. While we are quite optimistic on the demand side going forward, we are carefully monitoring the prevailing supply-side issues affecting the industry and any future COVID-related disruptions, Goel added.
The company has emerged as one of the best in the automobile sector. It deals in commercial vehicles, luxury vehicles, electronic accessories and other engineering fittings. It enjoys revenue of ¥15.36 trillion (as of 2018 data).
