Honda Cars India Ltd reported a 7% increase in domestic sales to 95,022 units in 2022 on Sunday.
Honda Cars India Ltd (HCIL) said in a statement that the company sold 89,152 units in the domestic market in 2021.
Exports increased by 43% to 23,428 units in 2022, up from 16,340 units the previous year, according to the report.
“Honda City and Amaze continue to drive volumes for HCIL and have posted a strong performance in the year 2022. We had to realign our targets due to chip shortage, which impacted our production throughout the year,” its Director, Marketing and Sales, Yuichi Murata said.
On the outlook, he said, “We have stepped into the new year 2023 with renewed optimism assured by the positive performance of last year. As the overall environment continues to be encouraging and positive, the key to success will also depend on how disruptions like chip shortage are controlled to minimise the business impact”.
In December 2022, the company reported domestic sales of 7,062 units and exports of 1,388 units.