Cars India Ltd. (HCIL) registered its annual domestic sales of 102,016 units
during FY 2019 – 20. The company’s monthly sales stood at 3,697 units in March
2020. The company had sold 183,808 units during FY 18-19 and 17,202 units in
March 2019. While annual fiscal growth
in sales stood at minus (-) 44.50 per cent, the growth in March 2020 stood at
minus (-) 78.50 per cent.
HCIL exported a total volume of 3,826 units
during FY 19-20 with an export of 216 units during the month of March 2020.
Goel, Senior Vice President and Director, Sales and Marketing, Honda Cars India
Ltd, “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 BS-6. 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 BS-4 stocks from the
further added, “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.”
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