In pics: Honda unveils new Civic, price starts from Rs 17.7 lakh



Honda Cars India expects to end the ongoing financial year with 8 per cent sales growth on account of good performance of its compact sedan Amaze, according to a senior company official.
The company, which has completed the sedan line-up with the launch of the latest version of its Civic sedan priced between Rs 17.7 lakh and Rs 22.3 lakh, is also looking to fill gaps in its SUV line-up going forward to make a bigger presence in the Indian market.
"In the April to February period this fiscal, our sales have grown 6.5 per cent. We expect to sell around 17,000 units in March taking our overall sales to 1.8 lakh units for the year," Honda Cars India Ltd (HCIL) President and Chief Executive Officer Gaku Nakanishi told PTI.
further said it would translate to a growth of 8 per cent from 1.7 lakh units sold last financial year.
During the ongoing year after a good start, there has been a slowdown in automobile sales in the latter half due to various factors, including floods in Kerala, increase in fuel prices, low finance availability due to liquidity crunch faced by NBFCs.
"Our expectation is that (passenger vehicle) sales in March will be flat for the industry and the overall industry growth will be around 3 per cent, while Honda's will be more than double of that," Nakanishi added. Read More



Article Source -> Business Standard

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