Honda cars witness 46.26% drop in sales in India

Honda Cars reported a 46.26% drop in sales in India at 7,269 units in February. The company had sold 13,527 units in the domestic market in February 2019, HCIL said in a statement.

Exports stood at 64 units last month, it added. “Our despatches were limited and in line with our plan of total supply available for the month,” HCIL Senior Vice-President and Director (Marketing and Sales) Rajesh Goel said.

The company is determined to enhance the supplies with subsequent introduction of BS-VI versions of other models and bring down the waiting period for customers, he added.

“Since we have been supplying only BS-VI cars from January onwards and dealers were aggressively liquidating their BS-IV stock, our channel is left with a negligible stock of BS-IV cars as of February end,” Goel said.

The company said it has been producing only BS-VI models at both its plants since January this year.

(With agencies input)

Click here for Latest News updates and viral videos on our AI-powered smart news

For viral videos and Latest trends subscribe to NewsMobile YouTube Channel and Follow us on Instagram


Please enter your comment!
Please enter your name here