Honda Cars India Ltd. (HCIL) registered monthly domestic wholesales of 8,029 units and Exports of 697 units in November 2016.
Commenting on the sales performance, Mr. Yoichiro Ueno, President and CEO, Honda Cars India Ltd. said, “The November month saw major disruptions in the market due to the on-going effects of demonetisation and cash crunch. The consumer sentiment was low and footfalls and enquiries at the dealerships also slowed down during the month. We have taken several constructive steps to neutralize the impact of demonetisation, which includes squeezing the wholesale to avoid the stock piling up at the dealerships. We believe that the situation will normalise in the near future and our sales performance will improve accordingly.”
|Model wise sales break-up for November 2016:|
The company registered monthly Domestic Wholesales of 14,712 units in November 2015.