Russian subsidiary of Japanese carmaker Honda announced on Wednesday that it will stop supplying new cars to dealers in Russia starting in 2022, Reuters reports.
Honda will continue to be present on the Russian market through sales of motorcycles and electricity generators.
The company will also continue the activities related to the after-sales services of its vehicles.
Last month Honda sold only 79 vehicles in Russia, down 50% from the same month last year. Also in January-November, Honda sales fell 15% year-on-year to just 1,383 vehicles.