HCIL registers annual growth of 35% in April'12 – March'13

April 1, 2013 New Delhi

  • brochure icon

New Delhi, April 1, 2013: Honda Cars India Ltd (HCIL), leading manufacturer of premium cars in India, registered an annual growth of 35% by selling an all time high volume of 73,483 units during Apr 2012 – Mar 2013 as compared to 54,427 units in the corresponding period last year.

The company also exported a total volume of 2,622 units during the fiscal year 2012 – 13.

HCIL sold 10,044 units in the month of March'13 as against 11,016 units in March'12.

According to Mr. Jnaneswar Sen, Sr. VP - Sales and Marketing, HCIL, "We are delighted to witness a remarkable growth of 35% over last year although the market environment has been quite tough. Strong demand for Honda Brio and Honda City has been instrumental in achieving this success. The launch of Amaze this month will be a significant step in Honda's strategy to begin a new phase of growth for our business in Indian market. We expect huge growth potential in tier 2 & tier 3 markets with this car and therefore we have been expanding our sales network to reach out to newer cities and markets."

Honda Cars India Ltd expanded its sales and distribution network across the country during the fiscal year 2012 – 13 to 150 facilities in 97 cities. The network included 135 facilities in 83 cities during 2011 - 12.

Model wise sales break-up of Domestic sales: