Get App
you are here: HomeNewsBusiness
Last Updated : Aug 01, 2019 07:17 PM IST | Source: PTI

Honda Cars India sales dip 49% to 10,250 units in July

HCIL said it exported a total of 334 units during the month.

Honda Cars India Ltd (HCIL) on August 1 reported a 48.67 percent decline in domestic sales to 10,250 units in July as against 19,970 units in the same month last year.

HCIL said it exported a total of 334 units during the month.

"The de-growth in the automobile industry further intensified last month amidst weak buying sentiment and overall slowdown. We are also witnessing a lot of postponement of purchases," Rajesh Goel, senior vice president and director (sales and marketing) at HCIL, said in a statement.


He further said: "It is extremely worrisome since July 2019 decline is much severe than Q1 decline and that too when the industry had de-grown in July last year as well."

The company's July sales are on a higher base of July 2018 when all new Amaze was in its third month of launch and had clocked its highest sales in a month, Goel said.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Aug 1, 2019 04:59 pm
Follow us on
Available On
PCI DSS Compliant