Delhi
Honda Crosses 2 Lakh Export Milestone — 78% Driven by City & Elevate
1. Honda Hits 2 Lakh Export Mark
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Honda Cars India Ltd. (HCIL) crossed 200,000 cumulative exports from India.
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Export journey began with limited units to SAARC & SADC nations.
2. Export Growth Timeline with YoY Estimates
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First 50,000 units → Till 2021 (took ~7 years since start).
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Avg export rate: ~7,100 units/year.
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Next 50,000 units → 2.5 years.
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Avg export rate: ~20,000 units/year → 3x growth vs. earlier phase.
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Last 100,000 units → Just 2 years.
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Avg export rate: ~50,000 units/year → 2.5x growth vs. previous phase.
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📈 Export CAGR (2014–2024 estimated): ~20% annually.
3. Key Export Models & Contribution
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Honda City & Elevate → 78% of exports.
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Other models (22%): Brio, Amaze, Jazz, BR-V, Mobilio, City e:HEV, Accord, CR-V.
| Model Contribution | Share in Exports |
|---|---|
| Honda City + Elevate | 78% |
| Other models | 22% |
4. Country-wise Export Share
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Japan → 30%
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South Africa & SADC → 26%
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Mexico → 19%
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Turkey → 16%
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Others (Middle East, SAARC, Caribbean, South America) → 9%
| Country/Region | Export Share (%) |
|---|---|
| Japan | 30% |
| South Africa + SADC | 26% |
| Mexico | 19% |
| Turkey | 16% |
| Others | 9% |
5. Management Statement
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Kunal Behl, VP (Marketing & Sales), said:
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Exports integral to HCIL’s revenue strategy.
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Focus on Make in India for both domestic & global markets.
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Honda highlights manufacturing strength and global recognition of India-made cars.
6. Financial & Strategic Impact
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Export revenues rising with CAGR of ~20%.
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Diversification into 33 countries reduces dependency risk.
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City & Elevate are strong foreign exchange earners, supporting HCIL’s global strategy.
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Rapid acceleration in export pace → from 7,100 units/year → 50,000 units/year in just one decade.
📌 Disclaimer
This article is for informational purposes only. The Profit India does not provide investment advice. Readers should do their own research before making financial decisions.
