Cars India Ltd. (HCIL) registered monthly domestic sales of 8,291 units in
August 2019 whereas the number of export units stood at 227. The company had
sold 17,020 units in domestic market in August 2018. The fall in domestic sales
is to the tune of (-) 51 per cent.
company’s Aug’19 results are also on a higher base of Aug’18 when all new Amaze
was in its early months after mega launch.
Goel, Senior Vice President and Director-Sales and Marketing, Honda Cars India
Ltd said, “The auto sector continues to witness high de-growth due to poor
consumer sentiment. This is despite the high discounts prevailing in the market
which makes it the best time to buy cars. We hope the recent measures taken by
the government will help in improving consumer sentiment and demand creation as
we move forward. With the impending festive season, the sales are likely to
pick-up in coming months.”
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