Honda's year-on-year sales for last month show a decline of 10 per cent in sales. The carmaker sold 15,592 vehicles in January 2017 as against 17,135 units sold in the same month in 2016.
Honda also exported 982 vehicles, taking the overall sales numbers to 16,574 units. The company is attributing this drop in sales to the demonetisation drive in India. However, they are hoping that the sales numbers will get better with things coming back to normalcy.
Yoichiro Ueno, President and CEO, Honda Cars India Ltd. said, "HCIL sales results recovered this month as the consumer sentiment and currency situation has started improving gradually. We hope the situation normalises and market recovers quickly."
We can expect Honda to recover their dying sales with their upcoming cars this year. These include the City facelift and Jazz-based WR-V crossover, whose production has begun in India. We can expect the City to be launched this month and the WR-V later in March.