Honda Cars India Ltd (HCIL) has reported total sales of 1,26,151 units for the financial year 2024-25, showing a modest increase over the 1,24,173 units recorded in the previous fiscal. Highlight of the year was the company’s highest-ever export volume of 60,226 units, marking a sharp growth of 60 percent over the previous year’s 37,589 units. This rise in exports has been driven largely by the strong demand for the Honda Elevate, especially in the Japanese market.
In terms of domestic performance, HCIL recorded sales of 65,925 units in FY 2024-25, which was notably lower than the 86,584 units sold in the domestic market in FY 2023-24. This indicates a decline of nearly 24 percent, reflecting broader industry challenges in stimulating new demand within the Indian passenger car market. For the month of March 2025, HCIL sold 7,228 units domestically and exported 4,656 units. In contrast, in March 2024, the company had reported domestic sales of 7,071 units and exports of 6,860 units.
Kunal Behl, Vice President, Marketing and Sales, Honda Cars India Ltd, noted that while demand remained muted, the company’s export performance had been a strong positive, especially with the success of the Elevate model in overseas markets. He also highlighted the recent launch of the new Amaze, which has been well received and has strengthened Honda’s standing in the family sedan category.
Behl added that although the new fiscal year may continue to present challenges in generating demand, HCIL remains committed to customer satisfaction and hopes to navigate the evolving market through consistent product quality and service focus.
At nearly half of its total volume, exports now form a critical pillar of Honda Cars India's business model. With 60,226 units shipped abroad, exports accounted for 48 percent of the company's overall sales in FY 2024-25. The company’s growing focus on international markets, particularly through models like the Elevate, shows a strategic shift in balancing domestic shortfalls with global demand.
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