Honda Motor Co.’s Indian subsidiary Honda Siel Cars India on October 9, 2011, said that it’s eyeing 10-15% sales growth for the 2011-2012 fiscal.
After launching the Brio, Honda Siel Cars India Limited’s Director (Sales and Marketing), Mr. Seki Inaba said that the company sold 60,000 units in India for the 2011-2012 fiscal and a sales growth of 10 to 15 percent in the 2011-2012 fiscal is expected.
According to Mr. Inaba, the company has witnessed an 18 percent decline in its sales for the month of September 2011, in comparison to the same period in 2010, but is confident that the launch of the Honda Brio will help boost the sales. Brio is being manufactured at the company’s plant in Greater Noida. The company will soon commence the export of the Brio.
Honda Siel is also working towards normalizing the production of critical parts, including engine management system by December 2011, which was disrupted due to the earthquake and the tsunami that hit Japan early in 2011.