Honda 2016 Annual Report Download - page 18

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Asia
Total demand for automobiles in Asia increased around 3%
from the previous year to approximately 7,090 thousand
units*1 in calendar year 2015. This was mainly due to a
recovery in demand in India despite a moderate slowdown
in Indonesia. Total demand for automobiles in China
increased about 5% from the previous calendar year to
approximately 24,590 thousand units*2.
Honda’s consolidated unit sales in Asia outside Japan
increased 5.2% from the previous fiscal year to 670
thousand units in fiscal year 2016. This increase was mainly
attributable to brisk sales of the
HR-V
in Malaysia and
Indonesia, the launch of the new
Mobilio
model in the
Philippines, and the effect of launching the new
BR-V
model in Indonesia.
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 ven-
tures accounted for using the equity method in China. Unit
sales in China increased 33.5% from the previous fiscal
year to 1,053 thousand units in fiscal year 2016. The
increase was mainly attributable to strong sales of the
XR-V
and
Vezel
models.
Honda’s unit production by consolidated subsidiaries in
Asia increased 3.0% from the previous fiscal year to 718
thousand units*3 in fiscal year 2016.
Meanwhile, unit production by Chinese joint ventures
Dongfeng Honda Automobile Co., Ltd. and Guangqi Honda
Automobile Co., Ltd. increased 29.5% from the previous
fiscal year to 1,049 thousand units in fiscal year 2016.
*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 26%
from the previous year to approximately 2,480 thousand
units in calendar year 2015. The decrease resulted mainly
from a deterioration in the unemployment rate and an
increase in loan interest rates amid continued difficult eco-
nomic conditions and a downturn due to the termination of
the tax reduction program for manufactured products (IPI
(Imposto Sobre Produtos Industrializados)).
In Other Regions (including South America, the Middle
East, Africa, Oceania and other areas), Honda’s consoli-
dated unit sales decreased 6.7% from the previous fiscal
year to 251 thousand units in fiscal year 2016. This result
was due to a decrease in sales mainly in the Middle East,
which more than offset brisk sales of the
HR-V
model in
Brazil and other factors.
Unit production at Honda’s plant in Brazil increased
7.5% from the previous fiscal year to 144 thousand units in
fiscal year 2016.
* Source: ANFAVEA (Associação Nacional dos Fabricantes de Veiculos Auto-
motores (the Brazilian Automobile Association)) Includes passenger cars and light
commercial vehicles.
HR-V
(Asia)
BR-V
(Asia)
Honda Motor Co., Ltd. Annual Report 2016 17
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