HSCI to begin deliveries of the all-new Honda City in November

November 1, 2008 New Delhi

New Delhi, November 1, 2008: Honda Siel Cars India (HSCI), leading manufacturer of premium cars in India sold 45,388 units in the period Jan–Oct 2008 as against 52,599 units in the corresponding period last year.

The company sold 24,952 units in the period April – Oct 2008 as against 34,578 units in the corresponding period last year.

HSCI sold 1,476 units in the month of October 2008 as against 5,287 units sold last year.

Commenting on the company’s sales for the month Mr. Tatsuya Natsume, Director Marketing said, “There is an overall slowdown in the industry because of factors like liquidity crunch, difficulty in getting finance, high rate of interest and negative sentiment owing to economic scenario. HSCI sales performance has been particularly affected since the Honda City ZX is in the run out phase for which we had stopped the production last month. Also the deliveries of the all-new City will begin from November 08. However, we are confident that our sales will bounce back soon. We have already got bookings of nearly 4,000 cars since the launch announcement.”

Model wise break-up:  City ZX: 707; Civic: 422; CR-V: 103; Accord: 244