March 16, 2025 04:26 am (IST)
Honda records annual growth of 83%
New Delhi, Apr 1 (IBNS) Honda Cars India Ltd (HCIL), leading manufacturer of premium cars in India, registered its highest ever monthly domestic sales of 18,426 units during March 2014 and registered a growth of 83.4% as compared to 10,044 units in March 2013.
The company also posted its highest ever annual sales of 1,34,339 units during FY 2013 – 14 recording 83% growth over last financial year.
The company had sold 73,483 units during FY 2012 – 13. The strong response from the market for the Honda Amaze and All New Honda City has been the driving force for this record achievement.
The company also increased its export volumes by 121% during FY 2013 – 14 with 5798 units as compared to 2622 units in the FY 2012 – 13.
The company also increased its export volumes by 121% during FY 2013 – 14 with 5798 units as compared to 2622 units in the FY 2012 – 13.
Jnaneswar Sen, Sr. Vice President, Marketing and Sales, said, “We are thankful to our customers for the great response we have achieved from them for our two big launches of Amaze and All New City during the past financial year. The year also witnessed our entry into the diesel segment with i-DTEC diesel engine technology which has received an overwhelming response from the market. With both manufacturing plants in operation, as well as two new models, the stylish mid-sized MPV, Honda Mobilio and the all-new Honda Jazz due for launch this financial year, we look forward to another year of growth.”
“We will increase our dealer network by 35% in this year by reaching out to more tier 2 & tier 3 markets which will be instrumental for our growth,” he added.
The company currently has 170 facilities in 107 cities in its network.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Govt cracks down on Amazon, Flipkart; BIS seizes uncertified products from warehouses
Sat, Mar 15 2025
India’s tea exports surge 10% in 2024, reaching near-decade high
Fri, Mar 14 2025
China’s loans and trade policies push Maldives towards debt crisis
Fri, Mar 14 2025
SpiceJet chairman Ajay Singh offloads ₹52 cr worth of shares as stock slides over 6%
Fri, Mar 14 2025
Gold tops $3,000 an ounce for the first time as trade tensions and rate cut bets fuel rally
Fri, Mar 14 2025
India launches first tranche of exploration licence auctions for critical minerals across 10 states
Fri, Mar 14 2025
Centre forwards US SEC summons for Gautam Adani to Gujarat court in bribery case: Report
Fri, Mar 14 2025
Why Primer is a Must-have for long-lasting paint finishes in 2025
Fri, Mar 14 2025