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Honda to stop auto sales in Russia in 2022

31 Dec,2020
<p style="text-align: center;"><img title="1609389754501234.jpg" alt="8.jpg" src="/ueditor/php/upload/image/20201231/1609389754501234.jpg"/></p><p>The Russian subsidiary of Japan&#39;s&nbsp;Honda Motor Co&nbsp;said on Wednesday it would stop supplying new cars to official dealers in Russia in 2022 as part of the company&#39;s efforts to restructure its operations.<br/><br/>The company said it would keep its presence on the Russian market with motorcycle and power equipment sales, and retain its activities related to the after-sales service of its vehicles.<br/><br/>Honda, which has no plants in Russia unlike other Japanese carmakers such as&nbsp;Toyota&nbsp;and&nbsp;Nissan, sold 79 vehicles in Russia last month, a 50% drop from a year earlier, according to the&nbsp;Association of European Businesses.<br/><br/>Its sales from January to November were down 15% to 1,383 vehicles.<br/><br/>More than 1.3 million new cars were sold in Russia during that period.</p>
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