HSCI records 53% growth in sales of Honda City

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HSCI records 53% growth in sales of Honda City
May’09 sales post an increase of 3.3%

New Delhi, June 1, 2009: Honda Siel Cars India (HSCI), leading manufacturer of premium cars in India, today reported a growth of 3.3% for the month of May 2009 with sales of 4073 units as against sales of 3943 units in May 2008. Honda City continues to do well as it sold an impressive 3638 units this month as against 2375 units sold in the same month in the previous year, marking a growth of over 53%

The company sold a total of 7,729 units in the period April-May 2009 as against 7,343 units sold in the corresponding period last year translating into 5.25% growth.

Speaking on the occasion Mr.Jnaneswar Sen, Vice President, Marketing said “The market has seen an upsurge in the last few months and these are positive signs for a stable economy. The new Honda City has been performing very well ever since its launch.

Model wise break-up for May 09: City: 3638; Civic: 223; Accord: 212

About Honda Siel Cars India Ltd

Honda Siel Cars India Ltd., (HSCI) leading manufacturer of passenger cars in India was established in December 1995 as a joint venture between Honda Motor Co. Ltd (Japan) and Siel Limited with a commitment to provide Honda’s latest passenger car models and technologies, to the Indian customers.

HSCI’s first state-of-the-art manufacturing unit was set up at Greater Noida, U.P in 1997 with an investment of Rs. 450 crore. The total investment made by the company in India till date is Rs. 1620 crores. At present, the company has a capacity of manufacturing 100,000 cars.

The company’s product range includes Honda City, Honda Civic and Honda Accord which are produced at the Greater Noida facility with an indigenization level of 74%, 74% and 28% respectively. The CR-V & Civic Hybrid are imported from Japan as Completely Built Units. Honda’s models are strongly associated with advanced design and technology, apart from its established qualities of durability, reliability and fuel-efficiency.

HSCI’s second manufacturing facility is in Tapukara, Rajasthan. This facility is spread over 600 acres and will have an initial production capacity of 60,000 units per annum, with an investment of about Rs 1,000 crore. The first phase of this facility was inaugurated in September 2008.

Corporate Awards of HSCI in 2009 includes: “Indian Car of the Year 2009”, “BS Motoring Car of the year” (Honda City), “Zigwheels Car of the year” (Honda City), “Zigwheels Sedan of the year” (Honda City), UTVi - Autocar Viewers Choice Award (Honda City), UTVi - Autocar Best Design and Styling Award (Honda City),UTVi-Autocar Best Luxury Car ( Honda Accord), UTVi-Autocar 2009 Green Award (Honda Civic Hybrid), CNBC TV18 Overdrive Awards 2009 Viewer’s Choice Car of the Year (Honda City),CNBC TV18 Overdrive Green Award (Honda Civic Hybrid), “Very Reliable”, “Environmental Friendly” and “Good Advertising” by Apollo Tyres Auto India Best Brand Survey Awards 2009,NDTV Profit – Car India & Bike India Awards 2009 Car of the Year (Honda City), NDTV Profit – Car India & Bike India Awards 2009, Mid-Size Car of the Year (Honda City), NDTV Profit – Car India & Bike India Awards 2009 Viewers’ Choice Car of the Year(Honda City), Top Gear “Bang for your Buck award” (Honda Accord) and “Safety award” (Honda).

Honda's Exchange and Pre-Owned car division Auto Terrace has been in existence ever since the interception of HSCI in India. Present in all major Honda dealers across the country, Auto Terrace presents itself as the one-stop solution for catering to the needs of customers wanting to exchange their existing cars for a New Honda car.

The company operates under the stringent standards of ISO 9001 for quality management and ISO 14001 for environment management.