Currently reading: Honda makes £1.9bn profit

Japanese car maker predicts surge in sales this year

Honda has announced a £1.9 billion profit for the fiscal year ending 31 March.

The profit is based on £46bn of sales - a 96 per cent rise year-on-year.

Honda also reported a £509m profit for the first quarter of this year, on the back of a 28 per cent growth in sales.

Honda says the sales success is chiefly on the back of rising sales in China and India, as well as recovering markets in the US and Europe.

It has also predicted further growth, projecting a £2.4bn profit on gross sales of £66bn.

Honda is predicting sales of 3.6 million cars this year - up from 3.4 million last year.

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Mark Tisshaw

mark-tisshaw-autocar
Title: Editor

Mark is a journalist with more than a decade of top-level experience in the automotive industry. He first joined Autocar in 2009, having previously worked in local newspapers. He has held several roles at Autocar, including news editor, deputy editor, digital editor and his current position of editor, one he has held since 2017.

From this position he oversees all of Autocar’s content across the print magazine, autocar.co.uk website, social media, video, and podcast channels, as well as our recent launch, Autocar Business. Mark regularly interviews the very top global executives in the automotive industry, telling their stories and holding them to account, meeting them at shows and events around the world.

Mark is a Car of the Year juror, a prestigious annual award that Autocar is one of the main sponsors of. He has made media appearances on the likes of the BBC, and contributed to titles including What Car?Move Electric and Pistonheads, and has written a column for The Sun.