Honda City

Honda India sales down 45.4% in November due to paper money woes

On December 1, Honda’s India subsidiary Honda Cars India Limited published its India new car sales figures for November. Total sales were 8,029 units excluding exports. This is 45.4% from the previous year’s November and marks the 13th month of year-on-year decrease.

Of the total, the City compact sedan sold 2,658 units, making it the best-seller for the 14th straight month. The Fit was next with 2,655 units and the Amaze compact sold 1,971. Next was the Brio with 202 units, the Mobilio with 101, and the CR-V with 21.

The new BR-V SUV, which was just released in India in April, sold 419 units in India and 697 units as an export. This is 5.8 times last year’s November sales and marks the 2nd month of year-on-year growth.

Honda’s India sales for 2015 (April 5 to March 2016) were up 2% at 192,059 units, making 2015 the third consecutive record-setting year.

Honda Cars India Limited CEO Yoichiro Ueno said, “November’s sales were affected by the decline in consumption due to India’s move to scrap 500 and 1,000 rupee notes.”

(Translated by Greg Scott)