Honda Cars India Registers 7% Growth in Domestic Sales

NEW DELHI:
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered a cumulative growth of 7% by selling 95,022 units in the domestic market during the calendar year 2022 (Jan – December) against 89,152 units in CY 2021. The company also recorded a growth of over 43% in its exports with 23,428 units in CY’2022 against 16,340 units exported in previous year CY’21.

The company registered monthly domestic sales of 7,062 units in December’22. The export numbers for HCIL stood at 1,388 units in December’22.

Sharing thoughts on overall yearly performance in 2022, Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said, The year 2022 has been positive for HCIL as our domestic volume grew by 7% and export volume by 43%. Honda City and Amaze continue to drive volumes for HCIL and have posted strong performance in year 2022. We had to realign our targets due to chip shortage which impacted our production throughout the year. We have stepped into the new year 2023 with renewed optimism assured by positive performance of last year. As the overall environment continues to be encouraging and positive, the key to success will also depend on how the disruptions like chip shortage is controlled to minimize business impact”.

The company had registered 7,973 units in domestic sales and exported 1,165 units in December’21.