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Honda launches new-look Accord
New Delhi, June 10: Honda Siel Cars India hopes to achieve a nearly 32 per cent rise in turnover this fiscal to Rs 1,500 crore on the back of increased volumes, company officials said on Tuesday.
New Delhi, June 10: Honda Siel Cars India hopes to achieve a nearly 32 per cent rise in turnover this fiscal to Rs 1,500 crore on the back of increased volumes, company officials said on Tuesday.
The company also expects to boost its net profit by Rs 20 crore to Rs 70 crore this year, the officials said at the sidelines of the media preview of its revamped luxury car 'Accord'.
The car would be priced between Rs 14.7 and 15.7 lakh when it is commercially launched later next month.
"This year, our target is to wipe out the accumulated losses of Rs 70 crore and also make net profit. During 2002-03, we sold 13,300 cars and this year, we are targeting to sell 7,000 units more," Honda Siel Cars President and CEO H Yamada said.
He said sales of the 'Accord' should increase by 500 units to 1,800 units this fiscal following the launch of the new model. The mid-size car 'City' and the soon-to-be-launched sports-utility-vehicle 'CR-V' would comprise the rest.
Bureau Report
The car would be priced between Rs 14.7 and 15.7 lakh when it is commercially launched later next month.
"This year, our target is to wipe out the accumulated losses of Rs 70 crore and also make net profit. During 2002-03, we sold 13,300 cars and this year, we are targeting to sell 7,000 units more," Honda Siel Cars President and CEO H Yamada said.
He said sales of the 'Accord' should increase by 500 units to 1,800 units this fiscal following the launch of the new model. The mid-size car 'City' and the soon-to-be-launched sports-utility-vehicle 'CR-V' would comprise the rest.
Bureau Report