Honda Cars sales dip 19% to 14,820 units in September
In order to keep the dealer stock within its norms, the company rationalised the wholesale dispatches in September, he added.
"The subdued market sentiment combined with higher base of September 2017 and onset of Shradh period in Northern India from last week resulted in lower sales in September compared to last year," HCIL Senior Vice President and Director, Sales and Marketing, Rajesh Goel said.
In order to keep the dealer stock within its norms, the company rationalised the wholesale dispatches in September, he added.
For the first six months of the current fiscal, the company sold 94,419 units, a sales growth of 3.5 per cent, over 91,269 units in the corresponding period of 2017-18.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.