Prior to this expansion, the plant had a capacity to produce 1.3 million units a year of scooter models like the Activa, Dio, Activa 125, Dio 125, etc
Honda Cars India on Saturday said its mid-sized Sports Utility Vehicle Elevate has crossed 20,000 sales mark since its launch in the domestic market in September this year. The new model accounted for over 50 per cent of total company sales in the last three months and has helped the company grow its sales by 11 per cent in the September-November period as compared with the same period last year, the automaker said in a statement. "We have maximised the production of the Elevate to serve our waiting customers as early as possible and adjusted the variant mix to align with the market demand which is overwhelmingly high for CVT variants currently," Honda Cars India Director (Marketing and Sales) Yuichi Murata said. India is the first country to manufacture and sell the Elevate globally. Honda also aims to make India an important export hub for the new model to other parts of the world, catering to the robust demand for SUVs globally.
Honda Cars India on Friday reported a 24 per cent increase in wholesales to 8,730 units in the domestic market in November. The company had dispatched 7,051 units in the domestic market in November 2022, Honda Cars India Ltd (HCIL) said in a statement. Exports grew by over four-fold at 3,161 units last month as against 726 units in the year-ago period, it added. "Our product line-up saw a good surge in demand throughout the festive period. Our new SUV Elevate has been well received by the market with very high customer consideration," HCIL Director (Marketing and Sales) Yuichi Murata stated. The automaker is confident of carrying forward this growth momentum for the rest of the year, he added.
Honda had unveiled Elevate in June and opened bookings then. For some variants, the SUV already has a waiting period of as long as 5-6 months
Developed as an 'Urban Freestyler', the Honda Elevate will be powered by a 1.5L i-VTEC DOHC petrol engine
The Japanese carmaker, Honda, revealed its upcoming Honda Elevate SUV today in India. The car is expected to be launched in August or September this year.
Honda Motorcycle Scooter India (HMSI) on Monday said its total vehicle sales were up by 15 per cent at 4,43,643 units in July. The same stood at 3,84,920 units in the year-ago period. Domestic sales grew 18 per cent to 4,02,701 units in the previous month compared to 3,40,420 vehicles sold in July 2021, the company said in a statement. The exports, however, declined 8 per cent at 40,942 units in the last month, it stated. HMSI Managing Director, CEO and President, Atsushi Ogata said that factors such as good monsoon and increased demand for personal mobility has translated well to rise in customer walk-ins and enquiries. With the coming festive season, the company expects to regain the growth momentum at a faster rate, Ogata added.
Honda Cars India on Tuesday reported a 23 per cent decline in domestic sales to 7,187 units for February.
Honda Cars India Ltd (HCIL) on Wednesday reported a 49 per cent increase in domestic sales at 11,177 units in August as compared with the same month last year. The company had sold 7,509 units in the domestic market in August 2020, HCIL said in a statement. Exports stood at 2,262 units last month as compared with 450 units in August 2020, it added. "Positive sales momentum and overall strong demand helped us to achieve good volumes with the onset of the festive season. The celebratory fervour which began with Onam in Southern India will extend to the rest of the markets as we move towards the peak of festivities," HCIL Senior Vice President and Director (Marketing & Sales) Rajesh Goel said. The company's best-seller model -- Amaze, which has been launched in its latest avatar last month, drove commendable sales volume with 6,591 units and reinforced its position as the most preferred family sedan in India, he added. While we are quite optimistic on the demand side going forward, .
Despite Amaze's popularity, Honda feels customer preference has shifted to SUVs
Honda Cars India Ltd (HCIL) on Sunday reported a 12 year-on-year rise in domestic sales at 6,055 units for July. The company had sold 5,383 units in the domestic market during July 2020, HCIL said in a statement. Exports stood at 918 units last month, it added. "We achieved our production ramp-up from last week of July and have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month, albeit with lesser capacity," HCIL Senior Vice-President and Director (Marketing & Sales) Rajesh Goel noted. He added that the market sentiment has improved amid prevailing lower coronavirus infection rate. "We expect the upcoming festive period will help the industry to maintain this momentum." However, the company will keep a closer watch on the challenges related to the pandemic and rising cost of acquisition of cars due to price hike from this month, he added.
Honda's scooter sales plunged 37 per cent year-on-year to 1,447,002 units in the first eight months of FY21
Honda, which is shifting its entire manufacturing facility to Tapukara in Rajasthan, however, says this will help it to rationalise cost and have a better shot at profitability
Honda Motorcycle & Scooter India (HMSI) on Wednesday reported 2 per cent decline in its total sales at 4,43,969 units in August. The company had sold a total of 4,52,551 units in the same month last year. Domestic sales last month stood at 4,28,231 units as against 4,25,664 units, a growth of 1 per cent, it said adding this was the first time in the ongoing fiscal that its domestic sales breached the 4 lakh units mark. Exports during the month stood at 15,738 units as against 26,887 units in August last year. Commenting on the sales performance, HMSI Director Sales & Marketing, Yadvinder Singh Guleria said,"In August, over 90 per cent of our network is back to business and we are seeing some green shoots with higher customer enquiries." The company's domestic sales crossed 4 lakh units mark for the first time this fiscal on the back of improved supplies and higher utilisation of production capacity, he added. "With festivals approaching, our line-up of 14 models, including ..
"The auto sector continues to witness high de-growth due to poor consumer sentiment," HCIL Senior Vice President and Director, Sales and Marketing Rajesh Goel said
For the current year, the company has not specified a volume growth target but said it expects to grow in double digits
The second largest two-wheeler maker Honda today reported a little over five per cent dip in the October sales at 4,66,535 units, but set a new record in festive sales with cumulative sales for the September-October period zipping past 13.5 lakh-mark. "Increased demand saw our retails cross the 13.50-lakh mark in the two festive months of September and October. With this, we have broken our own 2016 festival retail high by significant 1 lakh units," Honda Motorcycle & Scooter India said in a statement. During the festive season in 2016, the Japanese major had sold 12.5 lakh units, the company said, and attributed the better numbers to the increased capacity, which saw its daily capacity by 50,000 units from the third assembly line in Bengaluru. The company also said Activa, which is the No. 1 selling two-wheeler in the country crossed 8.5 lakh units mark during the season, while its flagship bike brand CB Shine, which is the No. 1 executive bike, sales touched 2.4 ..