Business Standard

Sunday, December 22, 2024 | 11:36 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Japan carmakers output falls 21% in April, hit by China lockdowns

Procuring car parts became difficult as strict lockdowns were imposed in Shanghai and other cities

Honda
Premium

Photo: Shutterstock

Agencies
Eight Japanese carmakers' global production in April declined by a combined 21% from the same month a year ago, at 1.63 million vehicles, with output dragged lower by Covid-19 lockdowns in China, according to announcements released Monday. 

Honda had the biggest drop. Production declined versus the previous year for the second consecutive month as COVID-19 outbreaks continued to haunt China.

Procuring car parts became difficult as strict lockdowns were imposed in Shanghai and other cities.

Out of the eight manufacturers — Toyota, Nissan, Honda, Mitsubishi, Suzuki, Mazda, Subaru and Daihatsu — seven recorded drops in global auto production.

Honda logged the largest YoY decline,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in