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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