Honda to stop auto sales in Russia in 2022

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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.

Honda, which has no plants in Russia unlike other Japanese carmakers such as Toyota and Nissan (OTC:NSANY), sold 79 vehicles in Russia last month, a 50% drop from a year earlier, according to the Association of European Businesses.

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.