Honda Siel Cars India sells 2012 units in April 2011 amidst production adjustments

Honda Siel Cars India (HSCI), leading manufacturer of premium cars in India reported sales of 2,012 units during the month of April 2011 as against 3,578 units sold during the corresponding month last year.
 

Commenting on the company’s sales volumes Mr. Jnaneswar Sen, Sr. Vice President, Sales & Marketing said, “As announced earlier, the Japan issue prompted us to reduce production at our Greater Noida plant to 50% from this month. However, production adjustments for a smooth transition began from mid April. Further, to ensure continuity of supplies to our customers in the forthcoming months, we have moderated our wholesale despatches. We are hoping that supplies will normalise post July and we would be able to catch up on the lost volumes.”

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.