Honda Cars Sales Dip By 48.67%

Honda Cars India reports a 48.67 percent decline in monthly domestic sales to 10,250 units in July 2019 as against 19,970 units in same month previous year.

Honda Cars India Ltd. (HCIL) registers monthly domestic sales of 10,250 units in July 2019.  The number of export units stood at 334 last month.  

Commenting on the overall auto industry performance, Mr. Rajesh Goel, Senior Vice President, and Director, Sales and Marketing, Honda Cars India Ltd said, “The degrowth in the automobile industry further intensified last month amidst weak buying sentiment and overall slowdown. We are also witnessing a lot of postponement of purchases.  It is extremely worrisome since Jul’19 decline is much severe than Q1 decline and that too when the industry had de-grown in July last year as well.”   

“HCIL’s July’19 results are on a higher base of July’18 when All-New 2nd Gen Amaze was in its third month of launch and had clocked its highest sales in a month,” he added. The company had sold 19,970 units in the domestic market in July 2018.