Honda Cars Reports 46 Per Cent Decline in Domestic Sales in February

Honda Cars Reports 46 Per Cent Decline in Domestic Sales in February

by Jyoti
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Honda Cars have been producing solely BS-VI compliant fashions at each its vegetation in India since January this yr.

Honda Cars India Ltd (HCIL) on Sunday reported a 46.26 per cent drop in home gross sales at 7,269 models in February. The firm had offered 13,527 models within the home market in February 2019, HCIL mentioned in a press release. Exports stood at 64 models final 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 mentioned.

The firm is decided to reinforce the provides with subsequent introduction of BS-VI variations of different fashions and produce down the ready interval for patrons, 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 mentioned. The firm mentioned it has been producing solely BS-VI fashions at each its vegetation since January this yr.

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