Honda to slash production on supply constraints

Honda to slash production on supply constraints

TOKYO, Japan: Honda Motor Co has said it may cut production due to supply constraints and logistical issues.

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According to foreign media, the company said that two lines at Suzuka plant will reduce production by about 10 per cent this month and 30 per cent in early August this year.

Another plant in Saitama prefecture may also cut production to 10 per cent next month.

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Auto manufacturers in China are unable to escape from the impact of shortage of semiconductors and COVID-19 lockdowns.

Toyota Motor Corp said that its global production for August would be about 700,000 units, down roughly 18 per cent from its plans at the beginning of the year.

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Honda adjusted its production plan in May but had said it would return to normal in early June.

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