Honda Cars India expects double digit growth

Honda Cars India said it expected double digit growth this fiscal as it geared up to enter the multi-utility vehicle (MPV) segment with the seven-seater Mobilio in the second quarter followed by the new diesel-engine Jazz hatchback launch later in the year.

Honda's annual sales were up 83 per cent last fiscal, when car sales dipped first time in over a decade, on the back of Amaze compact sedan powered by the carmaker's first diesel engine. While it might not be possible to achieve the same pace of growth this year due to the increased base, the carmaker was confident of robust growth.

Jnaneswar Sen, senior VP (marketing and sales) of Honda Cars India, said this year also the company would have double-digit growth but part of it would depend on the volumes of the Mobilio, which the company was working upon. The Mobilio would take on Toyota Innova, which dominates the segment but it would be a smaller vehicle with a length of 4.4 metres.

Meanwhile, the company today reported an increase of 30 per cent in domestic sales at 11,040 units in April.

In a statement, the company said it had sold 8,488 units in the same month of the previous year.

The company last month sold 578 units of its small car Brio, 3,355 units of sedan Amaze and 7,044 units of the premium sedan City.

The company additionally sold 63 units of sports utility vehicle CRV and also exported a total of 402 units during the month.

According to Sen, the company had started the financial year 2014-15 on a positive note and would like to thank its customers for the fantastic response to the all-new Honda City.