Honda Car Sales Decline: Honda sells 4,864 cars in July in India: Registers 28.3 percent YoY decline – Times of India

Honda Car Sales Decline: Honda sells 4,864 cars in July in India: Registers 28.3 percent YoY decline - Times of India

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Honda Cars India has disclosed its sales data for July 2023, showing that the company sold 4,864 units in the domestic market during the month. The OEM’s sales fell significantly, registering a YoY decline of 28.3 percent compared to the corresponding period last year when it sold 6,784 units.

Furthermore, in July 2023, Honda experienced a MoM decline in sales, with figures dropping by 4.2 percent. In the preceding month of June 2023, the carmaker managed to sell 5,080 units.
Talking about exports, in July 2023, the company shipped 1,112 units, which represents a decline of over 47 percent compared to the 2,104 units exported in July 2022.

2023 Honda Elevate SUV Review: Jack of all trades | TOI Auto

At present, the Japanese carmaker is selling three cars, which includes two City models and the Amaze. Furthermore, it is gearing up to enter the highly-competitive, mid-size SUV segment in India with the Elevate model.
The all-new Elevate is powered by a 1.5-litre petrol mill sourced from the City lineup that generates 121 hp and 145 Nm of peak torque. It comes mated to either a 6-speed manual transmission or a 7-step CVT automatic gearbox.
With this new entrant, the company would expect its sales to recover as it prepares to reveal the prices around the festive season. The company, based on the bookings received so far, anticipates a waiting period of four to five months for the Elevate.
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