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Honda Cars India records 7pc annual sales growth in FY23


NEW DELHI, APR 1, 2023

Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered annual domestic sales of 91,418 units during financial year (FY23) 2022–23, recording 7 per cent growth over last financial year. The company had sold a total volume of 85,609 units during FY 2021-22.

HCIL exported a total volume of 22,722 units during FY23 as compared to 19,401 units in FY22, registering over 17 per cent of growth.

Sharing thoughts on the FY23 sales performance, Honda Cars India Ltd Director (Marketing & Sales) Yuichi Murata said, “We are pleased to report that our sales for the Financial Year 2022-23 have met our expectations. Honda Cars India has achieved a domestic sales growth of 7 per cent, driven by the strong and positive sales momentum of our models specifically the Amaze and City. The Amaze’s sales have grown by 33 per cent in last fiscal year being one of the most preferred family sedan in India. Our export performance also has been very good in FY 22-23 with growth of 17 per cent.”

“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. 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 March 2023 against 6,589 units in domestic sales and 2,243 units of export in the year-ago period.

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