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
Apollo Tyres Completes Netherlands Shutdown in Strategic Pivot Toward Indian and Hungarian Plants
By shifting TBR production to India and expanding PCR throughput in Hungary, Apollo aims to build a lower-cost manufactu...
Tornel Trouble: How West Asia's War Reached JK Tyre's Mexican Factory Floor
Supply chain disruption and worker unrest combine to deliver JK Tyre's worst quarter in its Latin American operations.
Petro-Price Pain Squeezes JK Tyre as Crude Shock Reshapes Tyre Industry's Cost Calculus
MD Anshuman Singhania signals Q2 headwinds even as modest crude softening offers a sliver of hope.


01 Dec 2023
33522 Views
Shahkar Abidi
