Companies

Honda Cars posts 36% sales drop in Dec

PTI New Delhi | Updated on January 01, 2020 Published on January 01, 2020

Honda Cars India Ltd (HCIL) on Wednesday reported a 36 per cent decline in domestic sales at 8,412 units in December 2019.

The company had sold 13,139 units in domestic market in December 2018, HCIL said in a statement.

Export stood at 197 units last month, it added.

Commenting on the sales, HCIL Senior Vice President and Director - Sales and Marketing, Rajesh Goel said, Our volumes in December 2019 have been on expected lines. In order to avoid any leftover BS-IV stocks, we channelised our resources more towards liquidating them.”

He further said, “In line with the plan, our BS-IV dispatches are finished now so that our dealers can smoothly make transition into BS-VI regime in the coming months.

Published on January 01, 2020
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