Volkswagen car sales decline whereas Honda sales increase by 157 percent in India for June 2012
Honda Siel Cars India, on the other hand reported sales growth of 157% during the period April 2012 to June 2012. The company sold 20,076 units during this period while they sold only 7,801 units in the same period a year prior.
Only taking the month of June 2012 into account this sales picture was rather dismal. HSCI sold 2667 cars in June 2012 as against 3455 cars sold in June 2011. However the company began the financial year on a good note and special demand was seen for models like Brio, Jazz and City. Sales of Brio stood at 609 units while the company sold 1253 units of City and 649 units of Jazz during June 2012.
The company is optimistic of the market situation improving in the coming months and especially during the festive season which will hopefully get their sales back on track.
Auto News Release
Honda Siel Cars India registers growth of 157% in Q1 (Apr. – Jun. 2012)
New Delhi, July 2, 2012: Honda Siel Cars India (HSCI), leading manufacturer of premium cars in India reported a sales growth of 157% during April-June 2012 selling 20,076 units as against 7,801 units sold during the same period last year.
The company sold 2,667 units in the month of June 2012 as against 3,455 units sold in June 2011.
According to Mr. Jnaneswar Sen, Sr. VP – Sales and Marketing, HSCI, “We started this fiscal year on a high note, which was clearly visible from our sales numbers in April – May 2012 backed by strong demand for Brio, Jazz and City. However, the current macroeconomic indicators are not very encouraging. During June 2012, we deliberately held back whole-sales to avoid stock build-up at the dealerships. The consumer sentiment is quite low, as high petrol prices alongwith high borrowing costs has impacted the overall demand for cars. We hope that situation improves quickly and there is recovery in the market before the festival season.”
Model wise sales break-up in June 2012:
Brio – 609
City – 1253
Jazz – 649
Civic – 58
Accord – 53
CR-V – 45
About Honda Siel Cars India Ltd
Honda Siel Cars India Ltd., (HSCI) leading manufacturer of passenger cars in India was established in December 1995 as a joint venture between Honda Motor Co. Ltd (Japan) and Siel Limited with a commitment to provide Honda’s latest passenger car models and technologies, to the Indian customers.
HSCI’s has two state-of-the-art manufacturing facilities at Greater Noida, U.P and Tapukara, Rajasthan.
The company’s product range includes Honda Brio, Honda Jazz, Honda City, Honda Civic and Honda Accord which are produced at the Greater Noida facility. The Honda CR-V is imported from Japan as Completely Built Units. Honda’s models are strongly associated with advanced design and technology, apart from its established qualities of durability, reliability and fuel-efficiency.