Honda Cars records a 23% drop in February sales, blame it on microchip shortage

Honda Cars India's sales declined in February 2022 due to the severe microchip crisis.
By : HT Auto Desk
| Updated on: 01 Mar 2022, 08:19 PM
Honda City is one of he bestselling cars from the brand.
Honda City is one of he bestselling cars from the brand.
Honda City is one of he bestselling cars from the brand.
Honda City is one of he bestselling cars from the brand.

Honda Cars India on Tuesday said that its domestic sales in February this year witnessed a 23 per cent decline to 7,187 units for February, as compared to 9,324 units sold in February 2021. However, the automaker's export numbers surged significantly last month. Honda Cars India said that its exports in February stood at 2,337 units last month as compared with 987 units in February 2021.

Similar Cars

Find More Cars
Honda Amaze (HT Auto photo)
Honda Amaze
1199 cc | Petrol | Manual | 18.6 kmpl
₹6.32Lakhs*Onwards
Maruti Suzuki Alto (HT Auto photo)
Maruti Suzuki Alto
796 cc | Petrol | Manual | 22.05 kmpl
₹3.15Lakhs*Onwards
Toyota Glanza (HT Auto photo)
Toyota Glanza
1197 cc | Petrol | Manual | 21.01 kmpl
₹7.18Lakhs*Onwards
Hyundai Casper (HT Auto photo)
UPCOMING
Hyundai Casper
999 cc | Petrol | Manual
₹ 4 to 7 Lakhs Expected Price*
Ford Aspire (HT Auto photo)
Ford Aspire
1194 cc | Petrol | Manual | 18.5 kmpl
₹7.24Lakhs*Onwards

(Also Read: Chip woes continue to impact car dispatches; Tata Motors, Mahindra buck trend)

The decline in domestic sales was caused by the semiconductor shortage that resulted in the production delay and delayed delivery as well, claimed HCIL.

Honda Cars India Director (Marketing and Sales) Yuichi Murata said in a statement that chip shortage continued to impact the automaker's production and dispatches in February this year. He also said that the OEM hopes the situation will improve in future and it would be able to meet the market demand more effectively.

"On the supply side, chip shortage continued to impact our production and despatches in Feb'22. We hope the situation improves in future so that we can meet the market demand more effectively," he said.

Murata further said that the auto company is witnessing improvement in consumer sentiment. “We are witnessing improvement in consumer sentiment as COVID-situation seems to be tapering off and markets are opening up. This is positive for the industry," he further said.

Honda is not the only automaker that has been impacted due to a semiconductor shortage. Other carmakers such as Maruti Suzuki, Hyundai, Toyota Kirloskar Motor too recorded a significant drop in sales in February this year due to the chip crisis. On the other hand, carmakers like Tata Motors, Mahindra, Skoda and MG Motors India have registered a sales surge last month, bucking the trend.

First Published Date: 01 Mar 2022, 08:19 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city