HSCI posts 343% growth in Oct

New Delhi, November 1, 2006: Honda Siel Cars India (HSCI), leading manufacturer of premium cars in India, sold a total of 5,566 units in the month of October, 2006.

HSCI's growth in October this year as compared with the corresponding period last year, was 343.5% because the Honda City was in the run-out phase last year, prior to the launch of the City ZX.

The Honda Civic has notched up a cumulative tally of 8,011 since its launch in July this year.

The cumulative sales of the company during Jan"�Oct 2006 also saw an impressive jump of 38.57% over the corresponding period last year (Jan"�Oct 2005). In terms of volumes, HSCI has sold 47,412 units in Jan-Oct '06 as against 34,214 units sold in Jan-Oct '05.

Model wise break-up for October '06: City: 3,673; Civic: 1,726; Accord: 165; CRV: 2

About Honda Siel Cars India Ltd.

HSCI was established in December 1995, with Honda Motor Co., (Japan) and Siel Ltd. (India) as the key promoters. Honda's models are strongly associated with advanced design and technology, apart from its established qualities of durability, reliability and fuel-efficiency.

Honda Siel Cars' state-of-the-art manufacturing unit was set up in 1997 at Greater Noida, U.P. and currently has a capacity of 50,000 cars annually. The company is planning to raise its capacity to 100,000 cars per annum by the end of 2007.

HSCI has recently added its global best seller- the 8th Generation Honda Civic- in its portfolio. Civic is the only car in its segment to be equipped with a 5-speed automatic transmission with a unique "Paddle Shift" option. The Honda City ZX is today recognized as one of the most successful car brands in India. The company's seventh generation Accord-2.4 VTi & V6 and the CR-V models have added to the company being recognized as a premium segment leader in the Indian passenger car industry.

Corporate awards of HSCI in 2005 includes: Best Indian Company (unlisted) by Business Standard Group, Manufacturer of the Year by NDTV Profit-Car India, Manufacturer of the Year by CNBC-TV 18 Autocar India, No. 1 Mid Size Car (Honda City); No. 1 Entry Luxury Car (Honda Accord) and No. 1 Premium SUV (Honda CR-V) by TNS, Best Mid-size Car in Initial Quality (Honda City) and Most Appealing Mid-size car (Honda City) by JD Power.

The company operates under the stringent standards of ISO 9001 for quality management and ISO 14001 for environment management.