Honda Cars India’s October Total Sales Fall 23 Percent Due to Plunge in Exports

Honda Cars India Ltd, an automobile company, said on Sunday that overall sales decreased by 23 percent year over year in October, to 8,082 units, due to an 88 percent fall in exports during the month.

According to reports, domestic performance was excellent thanks to the overwhelming response to the new Honda Elevate. For its models, the company saw high festive demand and favourable customer sentiments for its models. In October, the company sold 8,082 units, according to the press release. 7,609 units were sold in the domestic market, while 473 units were exported.

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During October of last year, the company had 6,394 units in domestic sales and 4,125 units in exports. “We are delighted with our strong sales performance in October, driven by robust festive demand and positive customer sentiment across our model lineup,” Kunal Behl, Honda Cars India’s Vice President for Marketing and Sales said.

“The highlight of the month has been the outstanding performance of the New Honda Elevate, which has received an overwhelming response from customers following its recent launch,” he said further.