Honda Cars India Reports Significant Sales Growth in 2024

Honda Cars India Ltd (HCIL) has announced an impressive 20% increase in total sales for the year 2024, selling 1,31,871 units compared to 1,10,143 units in 2023. This growth comes despite an 18.55% decline in domestic sales, which fell to 68,650 units from 84,289 units the previous year.

Exports Drive Honda's Success

The company's exports more than doubled, reaching 63,221 units in 2024, up from 25,854 units in 2023. December 2024 alone saw total sales of 9,460 units, with 5,603 domestic sales and 3,857 exports.

Looking Ahead with Optimism

Kunal Behl, vice president of marketing & sales at Honda, shared insights on the year's performance and the company's outlook for 2025. "2024 was a mixed bag for the industry. While the domestic car market faced challenges in generating fresh demand, HCIL achieved its highest ever exports, largely thanks to our mid-size SUV, Honda Elevate," said Behl. He also expressed optimism for the future, stating, "With the launch of our new model, the Amaze, and a strong commitment to the Indian market, we are looking forward to a prosperous 2025."