BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Cars Sales August 2018: Honda Sales Drop By 2 per Cent
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Car News > Cars Sales August 2018: Honda Sales Drop By 2 per Cent
Car News

Cars Sales August 2018: Honda Sales Drop By 2 per Cent

Loknath Das
Last updated: 2018/09/03 at 9:23 AM
Loknath Das Published September 3, 2018
Share
2 Min Read
SHARE

Honda Cars India released its sales report for the month of August 2018, and the company has sold 17,020 units in the country. The automaker reported a marginal drop in volumes of nearly 2 per cent, as against 17,365 units sold during the same month last year. The decline in volumes comes after the Japanese auto giant reported impressive sales for the month July this year. Honda attributed the decline in sales to the Kerala floods, along with the price hike on its products during the previous month.

Speaking about the car sales for August 2018, Honda India, SVP and Director, Marketing and Sales, Rajesh Goel said, “There was an impact of Kerala floods and heavy rains in many parts of the country combined with GST related high base effect of Aug 17. We hope to recover quickly and keep growing strongly with rollout of attractive offers starting from today through the festive season ahead.”

While the automaker did not disclose the breakup sales for each model, the Honda City, Amaze and the WR-V have been brisk sellers for the company in recent months. In August this year, Honda also exported 601 units from its domestic facilities. With respect to year-to-date growth, Honda India has sold a total of 79,599 units between April and August, 2018. That’s a 9 per cent increase in volumes as compared to 73,012 sold in the same period during the last fiscal.

With the state of Kerala recovering from the aftermath of floods and heavy rains, the region is expected to start once again contributing to the overall sales not only for Honda but other manufacturers as well. Meanwhile, Honda Cars India is gearing up to introduce the new generation CR-V soon with the model slated for an October 2018 launch, and will take on a host of full-size SUVs in the segment.
[“Source-auto.ndtv”]

You Might Also Like

Belfius Protection and the Belgian sovereign asset set to put €13M

What makes the goodwood recovery so damn cool

How 4D imaging radar sensors can be validated

Volvo to locally assemble the XC40 Recharge

Avoid Sales Tax Surprises: 9 Point Compliance Checklist

TAGGED: 2%, 2018, August, by, Cars, Cent, drop, Honda, per, Sales
Loknath Das September 3, 2018
Share this Article
Facebook Twitter Email Print
Share
Previous Article EVs will change the way cars look: Mercedes design head
Next Article Next-Gen Tata Sumo: What it could look like

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • 20 Fitness Franchises: Planet Fitness and Beyond
  • 18 Tea Franchises to Challenge Teavana

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • 20 Fitness Franchises: Planet Fitness and Beyond
  • 18 Tea Franchises to Challenge Teavana

Recent Posts

  • Why a cutting-edge billing system is essential in 2025: Accelerate Your Telecom Growth
  • 5 things to know in life sciences: Week of April 21, 2025

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?