Honda Cars announce a 30% drop in wholesales for the month of August

2 Sep 2022 , 08:05 AM

Honda Cars India Ltd (HCIL) announced on Thursday that domestic sales fell by 30% in August to 7,769 units. In the same month the previous year, the company had sold 11,177 units in total.

In contrast to the same month, a year earlier exports stood at 2262, exports were 2,356 units last month.

As we approach the holiday season, the auto sector is experiencing very strong and encouraging demand momentum, according to Yuichi Murata, director of marketing and sales at Honda Cars India, who talked to ET.

On the supply side, however, the company still has to contend with challenges brought on by the worldwide chip shortage, which is having an impact on production volumes and lengthening the wait times for models, he added.

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