Ad

Ad

Honda Cars India August 2024 Sales

By
Shagun Kaushik
Shagun Kaushik
|Updated on:02-Sep-2024 01:19 PM

Share via:


Follow Us:

google-news-follow-icon
noOfViews-icon

21,160 Views



ByShagun Kaushik

Updated on:02-Sep-2024 01:19 PM

noOfViews-icon

21,160 Views

share-icon

Follow Us:

google-news-follow-icon

Honda Cars India records a decline of 32.41% in August 2024 domestic sales and a significant increase in export volumes, demonstrating a strategic focus on international markets.

Honda Cars India August 2024 Sales

Honda Cars India (HCIL) reported total sales of 11,143 units for August 2024, with a notable divergence in domestic and export performance. Domestic sales amounted to 5,326 units, while export sales reached 5,817 units. This distribution highlights Honda’s strategic balance between catering to domestic demand and expanding its international presence.

Year-Over-Year (YoY) Comparison of HCIL Sales:

 

Sales

August 2024

August 2023

Change (%)

Total Sales

11,143 units

9,069 units

+22.87%

Domestic Sales

5,326 units

7,880 units

-32.41%

Export Sales

5,817 units

1,189 units

+165.74%

 

The year-over-year data reveals a substantial 32.41% decline in domestic sales compared to August 2023, where 7,880 units were sold domestically. In contrast, export sales surged by 165.74%, a significant increase from 1,189 units in August 2023. This dramatic rise in exports underscores Honda’s strategic pivot towards international markets, reflecting a broader emphasis on global expansion.

Also Read:

Hyundai's Sales Report for August 2024

Month-to-Month (MoM) Comparison of HCIL Sales:

 


Domestic Sales

July 2024

August 2024

Change (%)

4,624 units

5,326 units

+15.18%

 

Month-over-month comparisons show a positive shift in domestic sales, with an increase of 15.18% from July to August 2024. This growth indicates a recovery phase in the domestic market following a weak year-over-year performance. However, in August 2024, export sales surpassed domestic sales, illustrating Honda’s intensified focus on enhancing its international footprint.

Key models like the Honda Elevate and Honda City have significantly contributed to boost export sales. These models have performed exceptionally well in international markets, driven by their reliability, fuel efficiency, and competitive pricing.

Domestic Market Challenges:

Honda's domestic market faced challenges despite the onset of the festive season, particularly Chingam in Kerala, a period traditionally marked by increased consumer spending on automobiles. The 32.41% YoY decline in domestic sales suggests potential issues such as heightened competition, market saturation, or economic factors affecting consumer purchasing power.

Strategic Focus on Exports:

Honda’s emphasis on expanding its export markets appears to be fruitful. The considerable increase in export sales can be attributed to several factors:

  • Favorable Trade Conditions: Enhanced global trade dynamics benefit Honda’s international sales.
  • Robust Demand: Global demand for Honda models like the Elevate and City.
  • Expanded Distribution Networks: Improved global reach through expanded distribution channels.
  • Competitive Pricing: Strategies that make Honda vehicles attractive in diverse international markets.

These elements collectively bolster Honda’s global presence, mitigating risks associated with a heavy reliance on the domestic market.

Honda's August 2024 performance reflects a balanced strategy with a strong focus on exports, driven by models like the Honda Elevate and City. Despite domestic market challenges, the company's international success indicates a well-executed global expansion strategy.

Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd., commented - “Our sales for August were in line with our expectations and focused on retail and deliveries as the festive season started with Chingam in the southern state of Kerala. We anticipate a further uptick in demand in the coming months and are confident that the industry will perform well. On the exports front, robust performance of the Honda Elevate and City to global markets continues to drive our volumes and strong growth.”

Ad

Ad


Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon

Also Check these Cars

Skoda Kushaq cars
Skoda Kushaq
10.89 Lakh (Onwards)
Kia Seltos cars
Kia Seltos
10.90 Lakh (Onwards)
Hyundai Creta cars
Hyundai Creta
11.11 Lakh (Onwards)
Tata Nexon cars
Tata Nexon
8.00 Lakh (Onwards)
Maruti Grand Vitara cars
Maruti Grand Vitara
10.87 Lakh (Onwards)

More News

Volvo XC90 Facelift India Launch in March 2025 – New Features & Upgrades

Volvo XC90 Facelift India Launch in March 2025 – New Features & Upgrades

The updated Volvo XC90 is set to launch in India in March 2025, featuring a refreshed design, a larger 11.2-inch infotainment screen, and a 2.0L turbo-petrol mild-hybrid engine.

12-Feb-2025 04:33 AM

Read Full News
Volvo XC90 Facelift India Launch in March 2025 – New Features & Upgrades

Volvo XC90 Facelift India Launch in March 2025 – New Features & Upgrades

The updated Volvo XC90 is set to launch in India in March 2025, featuring a refreshed design, a larger 11.2-inch infotainment screen, and a 2.0L turbo-petrol mild-hybrid engine.

12-Feb-2025 04:33 AM

Read Full News
Everything to Know About BYD Sealion 7 Booking and Launch

Everything to Know About BYD Sealion 7 Booking and Launch

Bookings are now open for the highly anticipated BYD Sealion 7 electric SUV, with deliveries set to begin in March 2025. You can book this car with a nominal fee of Rs. 70,000!

10-Feb-2025 09:05 AM

Read Full News
Everything to Know About BYD Sealion 7 Booking and Launch

Everything to Know About BYD Sealion 7 Booking and Launch

Bookings are now open for the highly anticipated BYD Sealion 7 electric SUV, with deliveries set to begin in March 2025. You can book this car with a nominal fee of Rs. 70,000!

10-Feb-2025 09:05 AM

Read Full News
Big Discounts on Tata EVs: Curvv EV, Punch EV, Tiago EV & Nexon EV Offers Inside

Big Discounts on Tata EVs: Curvv EV, Punch EV, Tiago EV & Nexon EV Offers Inside

Tata Motors is offering up to ₹70,000 off on the Curvv EV this February. Check full details on discounts for Punch EV, Tiago EV, and Nexon EV.

06-Feb-2025 10:28 AM

Read Full News
Big Discounts on Tata EVs: Curvv EV, Punch EV, Tiago EV & Nexon EV Offers Inside

Big Discounts on Tata EVs: Curvv EV, Punch EV, Tiago EV & Nexon EV Offers Inside

Tata Motors is offering up to ₹70,000 off on the Curvv EV this February. Check full details on discounts for Punch EV, Tiago EV, and Nexon EV.

06-Feb-2025 10:28 AM

Read Full News
Mahindra's February 2025 SUV Discounts: Save Up to ₹4 Lakh on Scorpio, Thar, XUV400 & More

Mahindra's February 2025 SUV Discounts: Save Up to ₹4 Lakh on Scorpio, Thar, XUV400 & More

Grab unbeatable Mahindra SUV deals this February! Save up to ₹4 lakh on Scorpio, Thar, XUV700, and the XUV400 EV. Limited-time offers on MY24 & MY25 models—visit your dealer now

06-Feb-2025 06:00 AM

Read Full News
Mahindra's February 2025 SUV Discounts: Save Up to ₹4 Lakh on Scorpio, Thar, XUV400 & More

Mahindra's February 2025 SUV Discounts: Save Up to ₹4 Lakh on Scorpio, Thar, XUV400 & More

Grab unbeatable Mahindra SUV deals this February! Save up to ₹4 lakh on Scorpio, Thar, XUV700, and the XUV400 EV. Limited-time offers on MY24 & MY25 models—visit your dealer now

06-Feb-2025 06:00 AM

Read Full News
Mahindra BE 6 and XEV 9e Variants: Booking, Pricing, and Delivery Date Revealed

Mahindra BE 6 and XEV 9e Variants: Booking, Pricing, and Delivery Date Revealed

Mahindra’s BE 6 and XEV 9e electric SUVs Variants Booking and Delivery Date Revealed—priced from ₹18.90 lakh, with up to 683 km range. Bookings start February 14, 2025.

06-Feb-2025 04:51 AM

Read Full News
Mahindra BE 6 and XEV 9e Variants: Booking, Pricing, and Delivery Date Revealed

Mahindra BE 6 and XEV 9e Variants: Booking, Pricing, and Delivery Date Revealed

Mahindra’s BE 6 and XEV 9e electric SUVs Variants Booking and Delivery Date Revealed—priced from ₹18.90 lakh, with up to 683 km range. Bookings start February 14, 2025.

06-Feb-2025 04:51 AM

Read Full News
Volkswagen Announces Discounts Up to ₹4.2 Lakh on 2024 Models

Volkswagen Announces Discounts Up to ₹4.2 Lakh on 2024 Models

Check out savings on Volkswagen's 2024 lineup, including the Taigun, Virtus, and Tiguan, with discounts reaching ₹4.2 lakh.

05-Feb-2025 07:18 AM

Read Full News
Volkswagen Announces Discounts Up to ₹4.2 Lakh on 2024 Models

Volkswagen Announces Discounts Up to ₹4.2 Lakh on 2024 Models

Check out savings on Volkswagen's 2024 lineup, including the Taigun, Virtus, and Tiguan, with discounts reaching ₹4.2 lakh.

05-Feb-2025 07:18 AM

Read Full News

Ad

Ad

Explore Other Cars Brands

Cars In India

Kia Syros

Kia Syros

₹ 9.00 - 17.80 Lakh

Lotus Emeya

Lotus Emeya

₹ 2.34 Cr

Lotus Emira

Lotus Emira

₹ 3.22 Cr

Hyundai Creta Electric

Hyundai Creta Electric

₹ 17.99 - 23.50 Lakh

BMW X3

BMW X3

₹ 75.80 - 77.80 Lakh

Audi RS Q8 Facelift

Audi RS Q8 Facelift

₹ 2.20 - 2.30 Cr

MG Majestor

MG Majestor

₹ 40.00 - 45.00 Lakh

BYD SeaLion 7

BYD SeaLion 7

₹ 45.00 - 55.00 Lakh

Maruti e Vitara

Maruti e Vitara

₹ 20.00 - 25.00 Lakh

Audi Q6 e-tron

Audi Q6 e-tron

₹ 1.00 - 1.10 Cr

Ad

Ad

Ad