Honda India records magical 163% profits in 2014 December

Honda Cars India ended the year with a bang, the company has created history in 2014 December, by recording massive 163% profits. It is the highest domestic sales registered in a calendar year. The company sold 14,428 units which is significantly higher than 5,493 units sold a year ago.

The company made creditworthy gains in the domestic segment as well, and during the period of 2014 January to December, the firm made impressive 67% profits, contributed by the sale of 179,816 units higher than 107,661 units sold during the corresponding period of January to December 2013.

Honda Cars India has emerged victorious all through 2014, during the period of 2014 April to December, the cumulative growth outcome is 53%. The firm rolled out 131,133 units, vastly higher than 85,656 units sold in April to December 2013. The year 2014 has been an enormously significant one for the company; it has encountered double and triple digit gains. It is a massive achievement indeed, particularly amidst the slow paced economy.

The senior vice president of the sales and marketing department of Honda Cars India, Jnaneswar Sen commented on the noteworthy gains and stated, ‘’the year 2014 has been an exceptionally profitable one for Honda Cars India Limited, created by milestone achievement of selling 1.79 lakh units in domestic segment. The year is a witness to two remarkable models Honda Mobilio and Honda City, and also a robust demand for vehicles all through the year that has led to 67% domestic gains. The company has also expanded its dealership network in Tier III markets, and it further triggered growth.’’

The all new Honda City was sold in highest numbers in 2014 December, with 6012 units, and the second best seller is Amaze with 5176 units. There were sufficient takers for Mobilio as well with 2098 units, it launched during the second half of 2014 and the outcome is outstanding for the short launch duration period. There were also considerable number of buyers for Brio with 1120 units, and around 22 units of CR-V were sold. The total number of vehicles sold in the domestic market is 14,428 units and the overall sale figure is 15,048 units and the total export volume is 620 units.

Majority of the immense profit gain magic was created by all new City and also Amaze; the overall sale outcome from the two cars alone is 11,188 units. The Indian automobile industry is going through a period of downturn and the trend has been pretty visible for the past three years. Despite the economic turbulence Honda Cars India has emerged triumphant, and managed to record prolonged month after month gains. With each passing year the company is just escalating through the highest of high profits.

Honda is a valued luxury brand in India, and its effect is more pronounced in recent times, only because the company has intelligently worked its way around the struggling markets. It has built cost-effective products visible on Amaze, all new City and Mobilio. The year 2015 is going to be equally zealous for ardent Honda fans; there are some interesting launches to watch out for such as new Jazz, new Civic, new Accord and Vezel.