Honda Cars India (HCIL) sold a total of 3,697 vehicles in March 2020, registering a decline of 78.50% compared to 17,202 vehicles sold in March 2019. The company’s FY 2019–20 domestic sales stood at 102,016 vehicles, a decline of nearly 44.50% compared to 183,808 vehicles sold during FY 18-19.
HCIL exported a total of 3,826 vehicles during FY 19-20 and 216 units during the month of March 2020.
As is known, the last financial year was the most challenging for the automotive industry because of economic slowdown, poor consumer sentiment clubbed with transition challenges to BS6. In order to unburden our dealer network, we had drastically revised our annual volumes in September last year. In spite of the lockdown in March, we were able to almost achieve our annual business plan and also successfully liquidate the BS4 stocks from the network. – Rajesh Goel, Senior Vice President and Director, Sales and Marketing, HCIL
“The unfortunate outbreak of COVID-19 has hit us all which has impacted businesses across the world. In the current scenario, we are taking multiple measures to support our dealers and customers. We hope we are able to tide through this unprecedented crisis at the earliest,” Goel added.
HCIL has revised its product portfolio in the country. The BR-V and the Accord Hybrid have been let go. The former was launched in the country in 2016.
Also check out: 2020 Honda CR-V gets U.S.-built hybrid powertrain
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