Honda Cars domestic sales dive 78% dip in May to 2,023 units over April

Honda Cars domestic sales dive 78% dip in May to 2,023 units over April
Share This :

Honda Cars India on Tuesday reported a 78 per cent decline in its domestic sales to 2,032 units last month as compared to 9,072 units in April this year.

The company said it exported 385 units in May.

“Multiple state-wide lockdowns throughout the country to control the spike in COVID-19 infections in May 2021 impacted retail business. During last month, we also undertook extended maintenance-related shutdown of our factory leading to limited production but effectively breaking the chain amidst the high number of cases in north India,” Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement.

With the increase in the pace of vaccination and the declining cases, the company expects markets will open gradually allowing business continuity, he added.

Goel noted that the company’s field teams were in constant touch with waiting for customers to facilitate their car purchases through digital mediums.

“We will closely monitor the on-ground situation with our dealer partners to understand the consumer sentiment and accordingly plan our production and supplies in coming months,” he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

, Honda Cars domestic sales dive 78% dip in May to 2,023 units over April, Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Share This :