Honda Car India’s Sales Grow By 23% In April

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Honda Cars India registered monthly domestic sales of 11,272 units in April 2019 as against 9,143 units in April 2018 registering a growth of 23 per cent. The company has seen a strong sales growth thanks to the new-gen Amaze as also the WR-V. The company even exported 220 units in April 2019.
Rajesh Goel, Senior Vice President and Director, Sales and Marketing, Honda Cars India Ltd said, “HCIL’s April sales growth is primarily due to lower base effect, as there was no Amaze in corresponding month last year during model runout. The ongoing elections and overall subdued market sentiment continues to affect the sales momentum. Going forward, the industry is heading towards a tougher year impacting sales due to volatility in fuel prices, increase in car prices owing to new regulations and stricter inventory control for smooth switchover to BS6 regime by year end.”
The company plans to bring more cars to India in 2019. In fact the company had already announced that there would be 6 new models in three years starting 2018. The company has already launched 3 new models in the country in the form of the new-gen Amaze, CR-V and even the Civic. We wait to see what more the company brings to the table.
Questions & Answers
Q.What contributed to Honda Car India's sales growth in April 2019?
What contributed to Honda Car India's sales growth in April 2019?
The company saw strong sales growth in April 2019 primarily due to the new-gen Amaze and the WR-V. Also, the sales increase was attributed to a lower base effect, as the Amaze was not available in April 2018.
Q.What factors are currently impacting Honda Car India's sales momentum?
What factors are currently impacting Honda Car India's sales momentum?
Sales momentum is currently affected by the ongoing elections and overall subdued market sentiment. The company anticipates a tougher year ahead due to fuel price volatility, increased car prices from new regulations, and stricter inventory control for the BS6 transition.
Q.How many new models has Honda Car India launched since 2018?
How many new models has Honda Car India launched since 2018?
Since 2018, Honda Car India has launched three new models in the country. These include the new-gen Amaze, the CR-V, and the Civic, as part of their plan for six new models over three years.
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