Honda Cars reports 71 pc decline in domestic sales in January
Feb 1, 2020, 20:57 IST
New Delhi, Feb 1 () Honda Cars India Ltd (HCIL) on Saturday reported a 70.98 per cent decline in domestic sales to 5,299 units in January, as it despatched only BSVI-compliant petrol models last month.
The company had sold 18,261 units in the domestic market in January 2019, HCIL said in a statement.
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Exports stood at 182 units last month, it added.
"We are ramping up BS-VI production. Hence, our volumes will be lean in coming months. We are committed to enhancing the supplies and bringing down the waiting period which has gone up during this transition to BS-VI," HCIL Senior Vice-President and Director (Marketing and Sales) Rajesh Goel said.
The company said it completed despatches of BS-IV vehicles to dealers in December 2019 and now has less than a week of BS-IV stock left in its entire dealer network. MSS HRS(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)