Friday, December 1, 2017

Honda Cars India Ltd. registers 47% growth in November 2017

Honda Cars India Ltd. (HCIL), leading manufacturer of passenger cars in India, registered monthly domestic sales of 11,819 units in November 2017 against 8,029 units in the corresponding month last year. 

The company has registered a cumulative growth of 19% selling 117,322 units during April- November period in 2017, against 98,451 units in the corresponding period of April – November in 2016. 

Mr. Yoichiro Ueno, President, and CEO, Honda Cars India Ltd. said, “Last year HCIL sales in November were severely affected by demonetization. Although Nov volumes this year have shown improvement over last year, the market is still to recover fully from the GST related changes affecting consumers at large.” 

“On a cumulative basis, HCIL sales have grown by 19% backed by strong performance of our models across markets and it gives us confidence that we will have good growth in this fiscal year,” he added.

Source: Honda

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