Honda Cars sales down 23% in March

Honda Cars India Friday reported 23.2% decline in its domestic sales, at 17,430 units, in March.

It had sold 22,696 units in the same month last year, Honda Cars India (HCIL) said in a statement.

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Last month, the company sold 2,158 units of small car Brio, 3,683 units of premium hatchback Jazz, 5,223 units of compact sedan Amaze, 601 units of MPV Mobilio and 5,662 units of the mid-sized sedan City.

Besides, the company sold 94 units of sports utility vehicle C-RV.

In addition, it exported a total of 193 units during the month.

For the fiscal ended March 31, 2016, the company said its domestic sales were at 1,92,059 units as against 1,89,062 units in 2014-15, up 2%.

HCIL Senior Vice President - Marketing & Sales Jnaneswar Sen said: "Year 2015-16 was an eventful and rewarding year for HCIL. We continued our growth journey in the market making this year as 4th consecutive year of annual sales growth."

On the outlook, he said: "The new fiscal year holds tremendous opportunity for our further growth as we will enhance our product line-up with the launch of new models and expand our dealer network."

With the upcoming launch of Honda BR-V, the company will mark its entry into a new product segment, he said.