Honda cars August 2024 sales in India - Exports rose, domestic sales fell

Honda Cars India has been surviving in India with just three cars in its portfolio — Honda City, Honda Amaze and Honda Elevate. It was also quite late to catch up with the compact SUV party, but it did enter with a good product nonetheless. Looking at Honda’s sales numbers from August 2024, there seems to be a 10.7% growth than last year. But the story’s not that simple. Here’s a detailed report on Honda August 2024 sales figures.

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Honda cars August 2024 sales

Please note that the sales numbers stated above reflect the number of units dispatched to dealers and they might vary from the actual number of units sold by dealerships. 

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MoM and YoY analysis

While there was a good 10.7% growth in YoY sales, domestic sales fell by a big margin while exports rose drastically, hence making that total difference a positive number. Honda cars sales in India fell by a huge 31.4% from 7,880 units in August 2023 to 5,326 units in August 2024. Exports in the same period rose by 165.7% from 2,189 units to 5,817 units in the same period. Month-on-month sales saw a growth in both domestic as well as international markets. Honda saw a domestic growth of 15.2% and a rise in exports by 114.6%, making the cumulative growth translate to 51.9%. 

Exports of City and Elevate

A major role in Honda’s overall rise in sales was played by the rise in exports of the Honda City as well as the Honda Elevate. This also resulted in a positive overall growth, while at the same time, domestic markets witnessed a major decline for the Japanese automaker. Interestingly, Honda also exports the made-in-India Honda Elevate to its home market in Japan.