Honda suspends car and motorcycle exports to Russia

Close

Honda suspends car and motorcycle exports to Russia

Individual dealerships sell Honda vehicles in Russia as the automaker has no factories in the country

Honda sold 1,406 new <a class=cars in Russia in fiscal year 2020 which ended in March 2021. Credit: Reuters Photo” title=”Honda sold 1,406 new cars in Russia in fiscal year 2020 which ended in March 2021. Credit: Reuters Photo”/>

Honda Motor said on Wednesday it has suspended exports of automobiles and motorcycles to Russia as countries impose tougher sanctions on Russia in protest at its invasion of Ukraine.

A Honda spokesperson said Reuters that exports to Russia had already been suspended since Wednesday, without specifying when the suspension took effect.

Individual dealerships sell Honda vehicles in Russia because the automaker has no factories in the country. Honda sold 1,406 new cars in Russia in fiscal year 2020 which ended in March 2021.

Also Read — Nearly 6,000 Russian Troops Killed So Far: Zelenskyy

Honda cited logistical and financial issues as the reason for the suspension, particularly vehicle export and payments.

Mitsubishi Motor Corp announced on Tuesday that it may suspend production and sales of its cars in Russia, citing potential supply chain disruptions following sanctions on Russia.

Mazda Motor Corp also plans to halt auto parts exports to Russia, Japan Nikkei newspaper reported Wednesday.

Watch the latest DH videos here:

We use cookies to understand how you use our site and to improve the user experience. This includes personalization of content and advertising. By continuing to use our site, you agree to our use of cookies, Revised Privacy Policy.

Learn more I am okay X

Comments are closed.