ADVERTISEMENT
Honda suspends automobile, motorcycle exports to RussiaIndividual dealers sell Honda vehicles in Russia since the automaker does not have factories in the country
Reuters
Last Updated IST
Honda sold 1,406 new cars in Russia in fiscal 2020 which ended in March 2021. Credit: Reuters Photo
Honda sold 1,406 new cars in Russia in fiscal 2020 which ended in March 2021. Credit: Reuters Photo

Honda Motor said on Wednesday it has suspended its automobile and motorcycle exports to Russia, as countries impose stricter sanctions on Russia in protest against its invasion of Ukraine.

A Honda spokesperson told Reuters that exports to Russia were already suspended as of Wednesday, without elaborating on when the suspension took effect.

Individual dealers sell Honda vehicles in Russia since the automaker does not have factories in the country. Honda sold 1,406 new cars in Russia in fiscal 2020 which ended in March 2021.

ADVERTISEMENT

Honda cited logistics and finance issues as the reason for the suspension, specifically exporting the vehicles and making payments.

Mitsubishi Motor Corp said on Tuesday it may suspend production and sale of its cars in Russia citing potential supply chain disruptions as a result of sanctions on Russia.

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

Watch the latest DH Videos here:

ADVERTISEMENT
(Published 02 March 2022, 15:39 IST)