Daily Management Review

Honda Will Stop Auto Sale In Russia From 2022


In a bid to restructure operations, Honda decides to step out from Russian auto market.

Japanese Honda Motor’s Russian subsidiary informed that it will end its supply of new cars to Russia’s official dealers in 2022. This move comes under the company’s attempt to “restructure its operations”.
However, the company informed that it will continue to retain its presence in the Russian market through “motorcycle and power equipment sales” while it will also continue with its “after-sales” related service activities for its vehicles.
Honda does not have any manufacturing plants in Russia, while its peers like Japan’s Toyota and Nissan booked a sale of “79 vehicles in Russia last month”, whereby observing a fifty percent drop in comparison to its earlier year, revealed the “Association of European Businesses”.
Furthermore, Reuters added:
“Its sales from January to November were down 15% to 1,383 vehicles.
“More than 1.3 million new cars were sold in Russia during that period”.