new Delhi. The crisis around the world is increasing due to the Russo-Ukraine war. Countries all over the world are imposing sanctions on Russia. Now the major automaker Honda has decided to stop exporting its cars and bikes to Russia. According to Japanese media, Honda has now joined the companies that have decided to impose sanctions after Russia’s invasion of Ukraine.
Earlier, companies like Ford, Volvo, General Motors, Harley-Davidson and Daimler Truck have decided to shut down their business in Russia.
Also read- Thousands of cashback offers are available on Honda Activa 125, you will be able to bring home by paying just 3,999
Earlier on Wednesday, Ford also announced that it is going to suspend its business in Russia with immediate effect. She has also come forward to support the Global Giving Ukraine Relief Fund. Ford CEO Jim Farley shared this statement on Twitter. He said, “The situation has forced us to close our operations in Russia. Given the circumstances, we have informed our joint venture partners today that we are suspending our operations in Russia until further notice.”
Also read- Maruti Suzuki launches its cheapest car, will get great features at a low price
Auto companies such as General Motors and Volvo were the first automakers in Russia to temporarily suspend their business. General Motors said that the loss of life and property is a tragedy at present and it is deeply concerned about the people of the region. Volvo has also issued a similar statement, giving credit for its suspension move. AB Volvo has also suspended the production of its trucks in the country. Volvo sells around 9,000 vehicles and GM sells around 3,000 vehicles in Russia.
Truck maker Daimler has also closed its business in Russia and is considering a partnership with Russian truck maker KAMAZ. According to the Handelsblatt newspaper, the Mercedes-Benz Group is looking to sell its 15 percent stake in KAMAZ at the earliest.
Tags: auto news, Autofocus, Honda, Russia ukraine war
Read Article in हिन्दी