Exports Accelerate By 17%

Despite the persistent challenges posed by the global chip shortage, the Indian automobile industry has had one of its strongest years, Honda Cars said.

MUMBAI, Apr 1 (The CONNECT) – Premium car maker Honda Cars India Ltd. (HCIL) has registered annual domestic sales of 91,418 units during FY 22–23, recording 7% growth over last financial year. The company had sold a total volume of 85,609 units during FY 21-22.

HCIL exported 22,722 cars during FY 22-23 as compared to 19,401 in FY 21-22, registering over 17% of growth.

Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said the sales for the Financial Year 2022-23 have met the expectations.

The Amaze’s sales have grown by 33% in last fiscal year being one of the most preferred family sedan in India.  The Honda City continues its legacy of success by being the largest selling mid size sedan in the country during last year, he said.

“Despite the persistent challenges posed by the global chip shortage and its impact on production volumes, the Indian automobile industry has had one of its strongest years in terms of sales,” Murata said.

“We believe that India holds significant potential and anticipate even greater demand in the years ahead,”  he added.

The company registered monthly domestic sales of 6,692 units and export of 3,189 units in Mar’23 against 6,589 units in domestic sales and 2,243 units of export in Mar’22.