Honda 2015 Annual Report Download - page 16

Asia
Total demand for automobiles in Asia decreased around 4%
from the previous year to approximately 6,860 thousand
units*1 in calendar year 2014. This was mainly caused by a
weak economy in Thailand, despite a recovery in demand in
India due to improving economic conditions in the country.
Total demand for automobiles in China increased about 7%
from the previous year to approximately 23,490 thousand
units*2 in calendar year 2014.
Honda’s consolidated unit sales in Asia outside Japan
increased 20.0% from the previous fiscal year to 637
thousand units in fiscal year 2015. This increase was mainly
attributable to the launch of the Honda MOBILIO and HR-V
in Indonesia, along with the full model change of the CITY
model, the addition of a diesel engine model to the CITY
and the introduction of the Honda MOBILIO in India.
Honda’s consolidated unit sales do not include unit sales
of Dongfeng Honda Automobile Co., Ltd. and Guangqi
Honda Automobile Co., Ltd., both of which are joint
ventures accounted for using the equity method in China.
Unit sales in China increased 1.1% from the previous fiscal
year to 789 thousand units in fiscal year 2015. The increase
was mainly attributable to a full model change of the Fit and
introduction of the VEZEL and XR-V models.
Honda’s unit production by consolidated subsidiaries in
Asia increased 18.5% from the previous fiscal year to 697
thousand units*3 in fiscal year 2015.
Meanwhile, unit production by Chinese joint ventures
Dongfeng Honda Automobile Co., Ltd. and Guangqi Honda
Automobile Co., Ltd. increased 0.2% from the previous
fiscal year to 810 thousand units in fiscal year 2015.
*1 The total is based on Honda research and includes the following eight
countries: Thailand, Indonesia, Malaysia, the Philippines, Vietnam, Taiwan,
India and Pakistan.
*2 Source: CAAM (China Association of Automobile Manufacturers)
*3 The total includes the following nine countries: China, Thailand, Indonesia,
Malaysia, the Philippines, Vietnam, Taiwan, India and Pakistan.
Other Regions
Total industry demand for automobiles in Brazil*, the princi-
pal market within Other Regions, decreased around 7%
from the previous year to approximately 3,330 thousand
units in calendar year 2014.
In Other Regions (including South America, the Middle
East, Africa, Oceania and other areas), Honda’s consoli-
dated unit sales decreased 5.9% from the previous fiscal
year to 269 thousand units in fiscal year 2015. This result
was due to a decrease in sales mainly in Argentina, which
was partly offset by increased sales in Brazil due to the
introduction of the HR-V.
Unit production at Honda’s plant in Brazil increased
1.0% from the previous fiscal year to 134 thousand units in
fiscal year 2015.
* Source: ANFAVEA (Associação Nacional dos Fabricantes de Veiculos Automotores
(the Brazilian Automobile Association)) Includes passenger cars and light com-
mercial vehicles.
City (India)
Honda Motor Co., Ltd. Annual Report 2015 15
4 Review of Operations
1 The Power of Dreams
2 Financial Highlights
3 To Our Shareholders
5 Corporate Governance
6 Financial Section
7
Investor Relations
Information
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