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Evaluating market for more SUV models: Honda Cars

Press Trust of India  |  Jaipur 

Japanese auto Cars is evaluating the Indian market to introduce more SUV models going ahead, a top said Tuesday.

The company, which is set to bolster its (SUV) portfolio by introducing the next generation next month, has already committed to launch six models in the country over the next three years.

"The Indian market is diversifying, not only but sedans also. The SUV market is growing, so ofcourse as philosophy we always try to study from the customer... what kind of vehicle will be appreciated," Cars Ltd (HCIL) told PTI, replying to a query about company's plans to launch more SUV models.

Elaborating further, HCIL Senior (Sales and Marketing) said the shift towards SUVs is a global phenomenon.

"also has a similar trend and going forward one has to keep looking at the most which can be launched... to deliver maximum value to the customer, and that is what we intend to do," he said.

The company is studying the market very carefully, he added.

When asked if the Honda has set a sales target for the all new CR-V, which would now also come with a diesel powertrain, Nakanishi said Honda has "very high aspirations" from the

"We are looking at many many more numbers as compared to the outgoing model," he said without sharing any sales target.

The company has sold over 17,500 units of petrol powered units till date in the country.

With majority of sales in the premium segment coming from diesel variants, Honda is set to benefit by introducing a diesel version, Goel said.

Currently, the premium SUV segment in the country is dominated by the likes of Fortuner and Endeavour.

Honda will assemble the new at its Both petrol and diesel versions of the will feature automatic transmissions only.

While the petrol variants would deliver a power output of 154 PS, the nine-speed diesel automatic versions would come with 120 PS of power.

The company, which plans to launch three new products during the current fiscal, has already introduced new Amaze earlier this year.

When asked about sales growth expectations for the current fiscal, Goel said, "Until now the market growth has been around nine per cent and Honda has grown similarly. We aspire to grow better than the industry".

Last fiscal the company sold a total of 1.72 lakh units, a growth of 8 per cent over 2016-17.

In the current fiscal, (April-August) period, HCIL has sold 79,599 units, up 9 per cent from 73,012 units in the corresponding period of previous fiscal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 11 2018. 10:10 IST