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When eighteen % degrowth in sales volume throughout 2016-17, Honda Cars India registered over thirty eight % growth in Apr and expects to try and do "a bit" higher than the seemingly rate of growth of 7-8 % of the automotive sector throughout this business enterprise.
Yoichiro Ueno, President and chief executive officer, Honda Cars India, told reporters here on Friday that the corporate began the new twelvemonth on a positive note with overall sales growing by nine p.c throughout January-April 2017 compared to a similar amount last year. He hopes the corporate can post consistent growth within the coming back months.
However, like different machine majors, Honda is keeping its fingers crossed on the impact that the products and Services Tax (GST) can wear their sales and also the overall market throughout 2017-18.
Honda, the fourth largest manufacturer of passengers cars in India, registered thirty eight.1 p.c growth in Apr, that is that the highest ever for the month.
Ueno same new models as well as New town and Honda WR-V contributed considerably to the current sales growth. It received over thirty,000 bookings for Honda town since its launch in time period and sixteen,000 bookings for WR-V since its launch in mid-March.
Honda sold-out one,57,313 cars throughout 2016-17, a degrowth of eighteen p.c. Terming the previous business enterprise a troublesome and difficult year, Ueno attributed the decline in sales to a mix of things as well as high inventory at the start of the year, amendment within the fuel preference of the purchasers and termination.
Despite the challenges, the car market within the country grew by nine.2 percent. India was the fifth largest market within the world, closely behind FRG.
The Honda chief executive officer believes that if this growth trend continues, India can overtake FRG to become the fourth largest market throughout this year. He same India had the potential to overtake Japan in 5 years to become third largest market when China and also the North American nation.
Stating that India can witness real motorization like China between 2020-2030, Ueno same Honda would reinforce the complete and focus each on the merchandise and enhancing client expertise.
He same whereas maintaining its positioning as premium complete, Honda was additionally attempting to possess presence in entry level cars with cheap valuation.
Ueno same Honda had been receiving heap of inquiries on once their uppermost brands like HR-V and Civic are introduced in India. "HR-V is one in every of the choices for Indian market however we have a tendency to area unit assessing," he same adding that the SUV could also be "a bit expensive".
The company has 2 producing facilities in India - larger Noida and Tapukara in Rajasthan. it's created accumulative investments of Rs.8,600 large integer within the 2 plants, that along have put in capability of three hundred thousand units once a year and use nine,800 people.
The two producing facilities presently operate at a capability of two.40 hundred thousand units a year. The plant in Rajasthan additionally manufactures elements for Honda's world operations. The prime quality elements area unit exported to fifteen countries. The export turnover in 2016-17 was Rs one,140 crore. He same it's been growing by 157 p.c over last 3 years.
Anita Sharma, Assistant vice chairman, marketing, Honda Cars, same they were exploit land in Gujarat for his or her third plant. She same this arranget would be a part of their long plan.
Honda Cars has business organisation network presence of 345 facilities across 230 cities in India. It plans to feature twenty nine new dealerships and enter twenty two new cities within the current business enterprise.
Honda, the eighth biggest automobile company within the world, has 137 plants in forty one countries.
Yoichiro Ueno, President and chief executive officer, Honda Cars India, told reporters here on Friday that the corporate began the new twelvemonth on a positive note with overall sales growing by nine p.c throughout January-April 2017 compared to a similar amount last year. He hopes the corporate can post consistent growth within the coming back months.
However, like different machine majors, Honda is keeping its fingers crossed on the impact that the products and Services Tax (GST) can wear their sales and also the overall market throughout 2017-18.
Honda, the fourth largest manufacturer of passengers cars in India, registered thirty eight.1 p.c growth in Apr, that is that the highest ever for the month.
Ueno same new models as well as New town and Honda WR-V contributed considerably to the current sales growth. It received over thirty,000 bookings for Honda town since its launch in time period and sixteen,000 bookings for WR-V since its launch in mid-March.
Honda sold-out one,57,313 cars throughout 2016-17, a degrowth of eighteen p.c. Terming the previous business enterprise a troublesome and difficult year, Ueno attributed the decline in sales to a mix of things as well as high inventory at the start of the year, amendment within the fuel preference of the purchasers and termination.
Despite the challenges, the car market within the country grew by nine.2 percent. India was the fifth largest market within the world, closely behind FRG.
The Honda chief executive officer believes that if this growth trend continues, India can overtake FRG to become the fourth largest market throughout this year. He same India had the potential to overtake Japan in 5 years to become third largest market when China and also the North American nation.
Stating that India can witness real motorization like China between 2020-2030, Ueno same Honda would reinforce the complete and focus each on the merchandise and enhancing client expertise.
He same whereas maintaining its positioning as premium complete, Honda was additionally attempting to possess presence in entry level cars with cheap valuation.
Ueno same Honda had been receiving heap of inquiries on once their uppermost brands like HR-V and Civic are introduced in India. "HR-V is one in every of the choices for Indian market however we have a tendency to area unit assessing," he same adding that the SUV could also be "a bit expensive".
The company has 2 producing facilities in India - larger Noida and Tapukara in Rajasthan. it's created accumulative investments of Rs.8,600 large integer within the 2 plants, that along have put in capability of three hundred thousand units once a year and use nine,800 people.
The two producing facilities presently operate at a capability of two.40 hundred thousand units a year. The plant in Rajasthan additionally manufactures elements for Honda's world operations. The prime quality elements area unit exported to fifteen countries. The export turnover in 2016-17 was Rs one,140 crore. He same it's been growing by 157 p.c over last 3 years.
Anita Sharma, Assistant vice chairman, marketing, Honda Cars, same they were exploit land in Gujarat for his or her third plant. She same this arranget would be a part of their long plan.
Honda Cars has business organisation network presence of 345 facilities across 230 cities in India. It plans to feature twenty nine new dealerships and enter twenty two new cities within the current business enterprise.
Honda, the eighth biggest automobile company within the world, has 137 plants in forty one countries.
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