HSCI registers 24 per cent growth in February 2006

March 1, 2006 New Delhi

New Delhi, March 01: Honda Siel Cars India, leading manufacturer of premium cars in India, clocked a growth of 24% in the month of February 2006 over the same month in 2005.

The company sold 2,200 units in February 2006 as against 1,775 units in the corresponding month during the previous year.

Honda City – the flagship model from HSCI, registered sales of 2,077 units as compared to 1,609 units in February 2005, a growth of 29.02% growth. The Accord sold 97 units and the CRV 26 units in February this year.

Talking about the company’s performance Mr. Rajive Saharia, GM, Sales and Marketing, Honda Siel Cars India Ltd said, "Though we have clocked good growth for this month, February is traditionally a low-sales month for the automobile industry because customers usually postpone their car purchases till after the budget. As with all other manufacturers, we have been impacted by that. Besides, we also kept a tight control over our deliveries to dealers and held back dispatches in February."