Honda Cars India domestic sales fall 51.3 per cent in August 2019

Honda Cars India domestic sales fall 51.3 per cent in August 2019

HIGHLIGHTS

• Honda Cars India sold 8,291 units in the domestic market in August 2019.
• The carmaker exported 227 units in August 2019.
• The domestic sales of Honda Cars India stood at 10,250 units in July 2019.

Honda Cars India has reported a 51.3 per cent decline in monthly domestic sales to 8,291 units in August 2019. In comparison, the company had sold 17,020 units in the same month last year.

The carmaker also exported 227 units in August 2019. The figure is 62.2 per cent lower than 601 units exported by Honda Cars India in August 2018.

"The auto sector continues to witness high de-growth due to poor consumer sentiment. This is despite the high discounts prevailing in the market which makes it the best time to buy cars," Honda Cars India Senior Vice President and Sales and Marketing Director Rajesh Goel said.

"We hope the recent measures taken by the government will help in improving consumer sentiment and demand creation as we move forward. With the impending festive season, the sales are likely to pick-up in coming months," he added.

The domestic sales of Honda Cars India had declined 41.40 per cent to 10,314 units in June 2019, while the numbers had dropped 48.67 per cent to 10,250 units in July 2019.

In August 2019, the total sales of Maruti Suzuki India have fallen 32.7 per cent to 1,06,413 units, while that of Hyundai Motor India have declined 9.54 per cent to 56,005 units.

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