Honda Motor is reportedly taking steps to establish a manufacturing presence in Russia.
A report in the Nikkei newspaper says that it has submitted a plan for an assembly plant in Russia to the Russian authorities.
Go deeper with GlobalData
The newspaper report said that the factory will likely have a production capacity of 30,000 to 50,000 units per year.
The company will discuss the factory’s location with the Russian government, but coastal regions in Russia’s Far East are considered potential candidates, the Nikkei said.
Foreign direct investment in Russia’s auto industry is mainly concentrated in the Moscow-St.Petersburg area, but the Russian government is thought to be keen on establishing new investment elsewhere within the country.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
