Honda Cars India YoY Sales Dip by 28% in July 2023, Sells 4,864 Units

The July 2023 sales figures for Honda Cars India have been released by the firm. The Japanese automaker's Indian division sold 4,864 units last month, a plunge in sales of 28.3 per cent YoY and 4.2 per cent MoM. Sales during the same period in the previous year totalled 6,784 units.

By Reetika Bhatt | on August 5, 2023 Follow us on Autox Google News

The July 2023 sales figures for Honda Cars India have been released by the firm. In the home market, the Japanese automaker's Indian division sold 4,864 units last month, a plunge in sales of 28.3 per cent YoY and 4.2 per cent MoM. Sales during the same period in the previous year totalled 6,784 units. The manufacturer's domestic sales in July 2022 stood at 6,784 units, while it sold 5,080 units in June this year. In terms of exports, the carmaker shipped 1,112 units in July 2023 compared to 2,104 units in July 2022, a decline of more than 47 per cent. Commenting on the sales performance for July, Yuichi Murata, Director, Marketing and Sales, Honda Cars India said, “We have witnessed a positive demand trend in July’23 with our two strong models, the City and Amaze continuing to perform well in their segments. Adding to this has been our new offering the Elevate which has generated a lot of interest in the market since its global unveil. The Elevate production has started from the end of July and we will soon begin the despatches from the factory. We are confident that this much-awaited SUV will develop as a strong pillar to drive the demand trend for HCIL, fostering its growth and bringing festive cheer to the industry at its launch.”

Also Read: Honda Elevate Waiting Period Stretches up to 5 Months in India

Honda Elevate SUV Production Begins 

Honda Elevate red jpg

At its state-of-the-art manufacturing facility in Tapukara, Rajasthan, India, Honda has started producing the Honda Elevate. As per the company, the City and Amaze sedans are also manufactured at the same plant. Notably, over 90 per cent of the SUV has been localised in keeping with the Make In India initiatives. The model was designed using the Man Maximum Machine Minimum style idea, as stated by Honda India. In addition to having 458 litres of load capacity, it boasts an exceptionally spacious cabin with ample headroom, knee room, and leg room. The SUV will be sold in both domestic and foreign markets, and the automobile maker claims that India is the first country to build it. For those who don't know, bookings for the Elevate are currently being accepted for Rs 21,000, and deliveries of the same are slated to begin in September. 

Honda Elevate: Engine and Features

A 1.5-litre naturally aspirated petrol engine, similar to the one found in the Honda City, will power the mid-size Elevate. The company claims that this gasoline engine has been tweaked to produce 145Nm of torque and 119bhp of maximum power. For transmission, a CVT or a six-speed manual gearbox is employed. Although it won't have a hybrid drivetrain, the upcoming compact SUV will most likely have an electric variant in the future. Regarding fuel efficiency, the petrol manual version claims to give an ARAI-certified 15.31km/l, while the petrol CVT variant is said to offer 16.92km/l. 

Also Read: New Honda Elevate SV, V, VX, and ZX Variant-wise Features Explained

Honda Elevate: Expected Price and Competitors

A starting price of approximately Rs 11 lakh (ex-showroom) is anticipated for Honda's new SUV. The Hyundai Creta and the Maruti Suzuki Grand Vitara, among others, will be Elevate's direct rivals upon launch in the Indian market.  

Tags: Honda Honda Cars India Honda Sales Honda July Sales

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