Honda Records A 28% Drop In Domestic Sales In The Month Of May

Even with the launch of the much awaited Civic, Honda Cars India Ltd registered monthly domestic sales of 11,442 units in May 2019. While in May 2018, Honda had better numbers with the 2nd Gen Amaze at 15,864 units

Mr. Rajesh Goel, Senior Vice President, and Director, Sales, and Marketing, Honda Cars India Ltd said, “The market continues to be tough for the auto industry with two consecutive months of such a high de-growth. It is unprecedented in the last two decades.”

The Japanese Car maker also exported a total of 450units in May 2019.

Mr. Goel, also added, “After elections, we were expecting an upswing which has not yet come. Factors like liquidity that are affecting capital to auto sector along with an increase in fuel prices have remained a challenge to revive consumer sentiments. We are still hopeful that demand will revive due to pent up demand, favorable indicators on monsoon and expected actions by the new government.”