Honda Cars India Ltd. (HCIL), leading manufacturer of passenger cars in India, registered monthly domestic sales of 14,838 units and exports of 398 units in January 2018.

The company registered a cumulative growth of 17% selling 144,802 units during April 2017 – January 2018, against 124,114 units in the corresponding period last year. 

Mr. Yoichiro Ueno, President and CEO, Honda Cars India Ltd., said: “HCIL has witnessed strong growth of 17% in the ongoing fiscal year and we expect the market to further pick-up after the anticipations regarding Union Budget are stabilized. HCIL will showcase our strong line-up for the next fiscal at the upcoming Auto Expo which will further strengthen our position in the Indian market.”

“With a major push given to the rural economy and significant investment in the infrastructure development under the Union Budget 2018, the outlook for automotive sector looks optimistic. This should further boost the sales volume marking a fruitful year for the manufacturers.”

The company sold 15,592 units in the January 2017.