Honda registers growth of 123%
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, recorded a monthly domestic sales of 14,543 units in February 2014 registering a growth of 123% owing to the success of the all new Honda City and strong sales momentum for Honda Amaze.
The company sold 6510 units in the corresponding month last year.
Jnaneswar Sen, Sr. Vice President - Marketing & Sales, Honda Cars India Ltd., said, "We are happy to see the huge demand for the all new Honda City which has gained the leadership position in its segment from the first month itself. The deliveries for the Petrol City have begun from February and with both our car manufacturing plants in operation, it will aid in quick delivery of cars and cater to the strong demand from our customers.
"The excise duty reduction announced during Interim budget last month has made all our cars even more attractively priced for our customers."
HCIL registered an overall growth of 83% in Apr'13 - Feb'14 with 115,913 units as against 63,439 units during the corresponding period last year.
HCIL also exported a total volume of 252 units during February 2014.
(Posted on 01-03-2014)