Updated: Apr 2, 2021
Honda announced a growth of 92.13 per cent in domestic market in March 2021 compared to 3,697 units in the domestic market in March 2020.
The exports grew to 394.91 percent to 1,069 units in March 2021 from 216 units in the same month last year.
In the Financial Year 2020-21, the total domestic sales of Honda Cars India stood at 82,074 units compared to 1,02,016 units in the domestic market last year. Exports were reported at 5,131 units in FY 21 In comparison 3,826 units in the Financial Year 2019-20.
Commenting on the sales performance, Mr. Rajesh Goel, Sr. Vice President and Director, Marketing & Sales, Honda Cars India Ltd said, “Fiscal Year 20-21 was an unprecedented year full of COVID led challenges, but the industry showed great resilience and made considerable recovery during unlock phase. Similarly, after an extremely tough 1st half, strong efforts both at the production side and dealer network helped HCIL to witness positive growth of 39% in 2nd Half of the fiscal. Buoyant customers have injected fresh vigour in the market and we are striving to sustain the growth momentum in future.”
The supply constraints due to continuing global shortage of semi-conductors has impacted our production volume and dispatches particularly for Honda City in Mar’21. We will continue to make efforts towards restoring normalcy and hope this issue gets resolved at the earliest,” he added."