Honda Cars India Records 7.88% Decline In Domestic Market
Honda Cars India has recorded a year-on-year (YoY) sales decline of 7.88 per cent in the domestic market in January 2022 selling 10,427 units as compared to 11,319 units sold in the same month last year. The company’s exports went up by 39.65 per cent in the same period at 1,722 units as compared to 1,233 units exported in the same month last year. Overall (including domestic and exports), the company sold 12,149 units in January 2022 as compared to 12,552 sold in January 2021, a drop of 3.2 per cent.
Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said, “Despite the supply chain and COVID-related challenges, we have started off 2022 on a promising note. The sales in the month of January’22 got partially impacted owing to the weekend-lockdowns in some cities but overall the situation looks positive and steady. All of our production output have been getting dispatched to our dealer partners in time, meeting the demand for the Honda models. The market situation will improve with the reduction in the COVID-caseload as we move forward.”
That said, the sales figure in January 2022 is higher than what the company sold in December 2021. The Japanese carmaker recorded a growth of 20.71 per cent month-on-month (MoM) in January 2022 as it sold 8,638 units in December 2022.