Honda Cars is bullish on the Indian marketplace as it has witnessed a sustained expansion in passenger car or truck product sales, stated Yuichi Murata, Director (Marketing & Gross sales) of Honda Cars and trucks India.
Speaking to businessline on the sidelines of the launch of new Honda Town autos here, he reported the automotive industry will near March with 3.9 million units which is a really fantastic progress in excess of the former yrs.
The pent-up need, introduction of new versions, advancement in customers getting sentiments have contributed to the revenue progress in the section. The market will be strong this calendar year as very well, he stated.
He further said the enterprise will launch a new sporting activities utility motor vehicle (SUV) in India this calendar year in advance of the competition year.
The SUV segment is rapid escalating in the country and accounts for 40 for every cent of the complete passenger car profits. “We presently have two volume gamers in the marketplace with Amaze and City and the third will be the SUV which would additional raise our advancement,” Murata mentioned.
This calendar year, the company’s gross sales have greater 8 for every cent above the prior year. With a fantastic purchaser reaction, the progress is probably to proceed this yr as nicely, he additional.
Kerala, he claimed, is a incredibly powerful sector for Honda Vehicles by contributing 8 for each cent of the whole gross sales.
On EV versions, Murata stated, ”we introduce new versions every single calendar year and we will start EV model in the around future”