There seems to be a slight upturn in car sales during the festive season in India. Honda Cars India (HCIL) sold 10,010 units in October 2019 in the domestic market as compared to 9,301 units in September 2019. The number of export units stood at 633 last month. However, compared to 14,187 units sold in the domestic market in October 2018, HCIL registered a decline of 29.4 percent.
The festive season was rewarding for the auto sector after a prolonged slowdown. The high discounts and other festive offers provided by automakers across the industry resulted in positive consumer sentiment. At Honda, we also saw an increased sales momentum as compared to last few months and are hopeful that this trend will continue in the following months. – Rajesh Goel, Senior Vice President and Director – Sales and Marketing, HCIL
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