Honda Cars registers 24% sales growth in November to clock 8,734 units
The Japanese carmaker claims having witnessed a surge in demand during the festive season with its latest entrant Elevate receiving high customer consideration.
Honda Cars India (HCIL) has registered a 24 percent year-on-year sales growth in November, to clock domestic volumes of 8,734 units (November 2022: 7,051). The Japanese carmaker, which introduced its latest entrant - the Elevate midsize SUV - earlier this year in September, says it witnessed a surge in demand for the SUV during the festive season.
According to Yuichi Murata, Director, Marketing & Sales, HCIL, "Our product line-up saw a good surge in demand throughout the festive period. Our new SUV Elevate has been well received by the market with very high customer consideration. We are confident to carry forward this growth momentum for the rest of the year."
The 4.3-metre-long Elevate rivals the Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, and Toyota Urban Cruiser Hyryder. The SUV comes with a sole petrol-only engine option, mated to either a CVT or a 6-speed manual transmission. Honda offers camera-based ADAS features on the Elevate, including lane-keep assist, adaptive cruise control, and lane-departure warning.
In terms of exports, HCIL shipped 3,161 units in November 2023, registering a substantial 335 percent year-on-year growth on a low base of 726 units in November 2022.
RELATED ARTICLES
Hero Motors Raises Rs 299.99 Cr From Anchor Investors Ahead of IPO
The Noida-based powertrain solutions maker allotted 3.57 crore equity shares at Rs 84 apiece to anchor investors, a day ...
Stellantis India CFO Gautam Pandey Steps Down
Pandey previously held roles at Nissan, Ford and Tata Power, before joining Stellantis India.
$100M Capital Deployment: Ascenso Launches Dedicated Push Into Heavy Mining
Mumbai-headquartered off-highway manufacturer expands past its traditional AFC footprint to target giant 49-inch dumper ...


01 Dec 2023
Shruti Shiraguppi

Ketan Thakkar
Shahkar Abidi