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Honda Cars India Ltd (HCIL) on Thursday reported a 48.67 per cent decline in domestic sales to 10,250 units in July as against 19,970 units in the same month last year.
HCIL said it exported a total of 334 units during the month.
“The de-growth in the automobile industry further intensified last month amidst weak buying sentiment and overall slowdown. We are also witnessing a lot of postponement of purchases,” Rajesh Goel, senior vice president and director (sales and marketing) at HCIL, said in a statement.
He further said: “It is extremely worrisome since July 2019 decline is much severe than Q1 decline and that too when the industry had de-grown in July last year as well.”
The company’s July sales are on a higher base of July 2018 when all new Amaze was in its third month of launch and had clocked its highest sales in a month, Goel said.
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