Honda Cars Philippines (HCPI), Incorporated which produces passenger cars, BR-V, City has announced that it will stop production operations in its plant in Sta. Rosa, Laguna, effective March, 2020. The automaker has struggled to shore up global automobile operations.
According to Reuters, the automaker has seen a decline in profitability by more than half in the past two years, led by quality-related issues. However, automobile sales and after-sales service operations in Philippines will continue through Honda’s Asia and Oceania regional network.
To meet its customer needs in Philippines for reasonably priced and good quality products, the company has considered efficient allocation and distribution of resources. As such, Honda will focus and optimise efforts in production operations in the Asia and Oceania region.
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