Cars India Ltd. (HCIL) registered monthly domestic sales of 10,250 units in
July 2019. The number of export units stood at 334 last month. The company had
sold 19,970 units in domestic market in July 2018. Thus domestic sales fell by
48.67 pc in July 2019 as compared to July 2018.
on the overall auto industry performance, Rajesh Goel, Senior Vice President
and Director, Sales and Marketing, Honda Cars India Ltd said, “The degrowth in
the automobile industry further intensified last month amidst weak buying
sentiment and overall slowdown. We are also witnessing lot of postponement of
purchases. It is extremely worrisome
since Jul’19 decline is much severe than Q1 decline and that too when the
industry had degrown in July last year as well.”
July’19 results are on a higher base of July’18 when All New 2nd Gen Amaze was
in its third month of launch and had clocked its highest sales in a month,” he
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