Honda Motor to shut Noida plant and cut production of four-wheelers




Motor will close its Noida plant and cut production of four-wheelers in the country by 40 per cent as the Covid-19 pandemic continues to hurt sales, the Nikkei newspaper reported.


The Japanese automaker will move all India production to its newer Tapukara plant to the southwest of New Delhi, according to the Nikkei.


The Noida facility opened in 1997 and has annual capacity of 100,000 vehicles, including the subcompact City, Civic sedan and CR-V crossover. A spokesperson declined to comment on the Nikkei report.


has scaled back operations elsewhere too, with plans to close facilities in Sayama in Japan and Swindon in the UK, and ending production of four-wheel cars in the Philippines and Argentina.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *