MOSCOW – Honda’s Russian subsidiary mentioned it could cease supplying new automobiles to official sellers in Russia in 2022 as a part of the corporate’s efforts to restructure its operations.
The corporate mentioned Wednesday that it could preserve its presence on the Russian market with motorbike and energy tools gross sales, and retain its actions associated to the after-sales service of its autos.
Honda, which has no vegetation in Russia, not like different Japanese automakers corresponding to Toyota and Nissan, bought 79 autos in Russia final month, a 50 p.c drop from a 12 months earlier, in accordance with the Affiliation of European Companies.
Its gross sales from January to November had been down 15 p.c to 1,383 autos.
Greater than 1.3 million new cars were sold in Russia throughout that interval.