Honda Cars India Ltd (HCIL) on Monday reported a 27 per cent increase in its domestic sales to 17,202 units in March. The company had sold 13,574 units in the domestic market in March 2018, HCIL said in a statement. The company also exported 38 units last month, it added.
Honda Cars posted sales of 1,83,787 units in 2018-19, up 8 per cent as compared with 1,70,026 units in 2017-18.
“Strong sales efforts from the dealers and company during the prevailing tough market scenario resulted in this growth rate, which is ahead of the industry,” HCIL Senior VP and Director-Sales and Marketing Rajesh Goel said.
One of the growth drivers for the company was the all new Amaze, he added.
Japanese carmaker Honda has finally launched the tenth generation of its popular sedan Civic in the Indian market for a starting price of Rs 17,69 lakh. The bookings for the 2019 Honda Civic began from February 15 across all dealerships in the country at Rs 31,000. The company has already received almost 1,100 booking so far and the iconic sedan will be manufactured at Honda’s Greater Noida plant. The car will be in direct competition with Skoda Octavia, Toyota Corolla Altis and Hyundai Elantra.
The diesel engine comes with a 1.6-litre i-DTEC turbo motor which can produce 120 PS of power at 4000 rpm and 300Nm of torque at 2000 rpm. The engine is mated with a six-speed manual transmission.
Japanese automaker Honda last week logged a net-profit fall of 34.5 percent for the nine months to December but revised up its full-year forecasts thanks to strong motorcycle sales.
“The launch of our global bestsellers Civic and CR-V reinforced Honda’s premium product line-up,” Goel said.
HCIL exported a total of 4,794 units during 2018-19. The company also expanded its sales and distribution network across the country during the last fiscal to 381 facilities in 264 cities.