Honda Cars India Ltd. (HCIL), recorded a monthly domestic sales of 14,543 units in February 2014 registering a growth of 123% triggered by the excellent response to the all-new Honda City and strong sales momentum carried on by Honda Amaze. The company sold 6510 units in the corresponding month last year. HCIL also exported a total volume of 252 units during February 2014.
Expressing delight on the company’s performance Mr. Jnaneswar Sen, Sr. Vice President – Marketing & Sales, Honda Cars India Ltd. said, “We are happy to see the huge demand for the all new Honda City which has gained the leadership position in its segment from the first month itself. The deliveries for the Petrol City have begun from February and with both our car manufacturing plants in operation, it will aid in quick delivery of cars and cater to the strong demand from our customers. The excise duty reduction announced during Interim budget last month has made all our cars even more attractively priced for our customers.”
With a cumulative investment of Rs 3526 crores, Tapukara plant currently employs about more than 3200 associatesHCIL registered an overall growth of 83% in Apr’13 – Feb’14 with 115,913 units as against 63,439 units during the corresponding period last year.
Source – ACG, Company