MOSCOW -- Honda’s Russian subsidiary said it would stop supplying new cars to official dealers in Russia in 2022 as part of the company's efforts to restructure its operations.
The company said Wednesday that it would keep its presence in Russia with motorcycle and power equipment sales and retain its activities related to the aftersales service of its vehicles.
Honda, which has no plant in Russia, unlike Japanese rivals Toyota and Nissan, sold 79 vehicles in Russia last month, a 50 percent drop from a year earlier, according to the Association of European Businesses.
Its sales from January to November were down 15 percent to 1,383 vehicles.
More than 1.3 million new cars were sold in Russia during that period.