Honda records 22.81 percent decline in June sales, Q1 sales shoots up by 157 percent
Subscribe to NewsletterPlease fill your name and email ID to get our daily auto news mailer.
With sales diving from 3,455 units in June 2011 to 2,667 units in June this year, Honda Siel Cars India, one of the leading automakers in the country, has reported a decline in sales growth by 22.81 percent in the month under review.
Mr. Jnaneswar Sen, Senior Vice-President (Sales & Marketing), Honda Siel Cars India, commented that in the month of June 2012, the company was compelled to hold the wholesales to avoid further mounting of inventory at dealerships as the market demand, currently is on a downfall owing to the rising fuel prices and high interest rates. But it is anticipated that the automotive sector will revive the sales numbers during the upcoming festive season.
Honda has revealed that the sales for the month of June witnessed a share of 1,253 units of its bestselling sedan Honda City, 649 units of its premium compact hatchback Honda Jazz, 609 units of its highly trendy compact car Brio, 58 units of its premium sedan Honda Civic, 53 units of its full size premium sedan Honda Accord and 45 units of its sturdy and muscular SUV, Honda CR-V.
The automaker that operates through a JV between the Japan based Honda Motor Company and the India based Siel Group has registered a sales growth of 157 percent during the first quarter of the current fiscal year with sales tallying at 20,076 units in comparison to the 7,801 units sold during the same period in 2011.
- Ford Midnight Surprise 2013 edition to take place on 5th December
- Ford India to introduce new small hatchback
- Nico Hulkenberg joins hands with Force India again for 2014
- Tata Motors to make an investment of Rs. 300 crore
- Car sales in India decline in November
- Suzuki A-Wind concept expected to be displayed at 2014 Auto Expo
- Global sales of SsangYong Motor exceed 14000 units in November
- Auto makers expected to do well in 2014
28 November 2013, 10:41 IST by CarTrade Editorial Team
With 2014 Auto Expo just a few months away, car manufacturers in India have already started preparing their activities for the event. A biennial event, Auto Expo is extremely important for the...
29 November 2013, 12:06 IST by CarTrade Editorial Team
Honda Cars India Limited, the domestic division of Japanese car maker, recently showcased the 4th Generation model of City in the country. Sources close to the development process have revealed...
Under: Honda City
02 December 2013, 12:21 IST by CarTrade Editorial Team
As 2013 is coming to an end, many car makers would want to forget the dismal performance of this year in terms of sales and profit levels. In the passenger car segment, many companies failed to...
28 November 2013, 11:51 IST by CarTrade Editorial Team
Yet another recall this year, but this time, it is the turn of Maruti Suzuki to get involved. This recall comprises of vehicles like Ertiga, Swift, Swift DZire and A-Star, which were manufactured...