AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.40 Increased By ▲ 0.87 (0.67%)
BOP 6.80 Increased By ▲ 0.12 (1.8%)
CNERGY 4.65 Increased By ▲ 0.02 (0.43%)
DCL 9.00 Increased By ▲ 0.06 (0.67%)
DFML 43.11 Increased By ▲ 1.42 (3.41%)
DGKC 84.01 Increased By ▲ 0.24 (0.29%)
FCCL 33.25 Increased By ▲ 0.48 (1.46%)
FFBL 76.30 Increased By ▲ 0.83 (1.1%)
FFL 11.54 Increased By ▲ 0.07 (0.61%)
HUBC 110.60 Increased By ▲ 0.05 (0.05%)
HUMNL 14.82 Increased By ▲ 0.26 (1.79%)
KEL 5.43 Increased By ▲ 0.04 (0.74%)
KOSM 8.33 Decreased By ▼ -0.07 (-0.83%)
MLCF 39.73 Decreased By ▼ -0.06 (-0.15%)
NBP 61.00 Increased By ▲ 0.71 (1.18%)
OGDC 198.00 Decreased By ▼ -1.66 (-0.83%)
PAEL 26.80 Increased By ▲ 0.15 (0.56%)
PIBTL 7.85 Increased By ▲ 0.19 (2.48%)
PPL 158.01 Increased By ▲ 0.09 (0.06%)
PRL 26.59 Decreased By ▼ -0.14 (-0.52%)
PTC 18.55 Increased By ▲ 0.09 (0.49%)
SEARL 82.39 Decreased By ▼ -0.05 (-0.06%)
TELE 8.29 Decreased By ▼ -0.02 (-0.24%)
TOMCL 34.70 Increased By ▲ 0.19 (0.55%)
TPLP 9.19 Increased By ▲ 0.13 (1.43%)
TREET 17.30 Decreased By ▼ -0.17 (-0.97%)
TRG 61.50 Increased By ▲ 0.18 (0.29%)
UNITY 27.80 Increased By ▲ 0.37 (1.35%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,478 Increased By 70.9 (0.68%)
BR30 31,811 Increased By 97.4 (0.31%)
KSE100 97,934 Increased By 605.7 (0.62%)
KSE30 30,376 Increased By 183.2 (0.61%)
Business & Finance

Honda to further cut domestic output in February

  • The automaker will lower production in February of models such as the Fit subcompact and the N-series mini-vehicle.
  • "We are continuing to take measures to minimise the effect," he said.
Published January 26, 2021

TOKYO: Japan's Honda Motor will reduce its domestic output next month due to a shortage of semiconductors, two sources familiar with the matter said on Tuesday.

The automaker will lower production in February of models such as the Fit subcompact and the N-series mini-vehicle, by around 2,500 and 5,000 units, respectively, the sources said.

Honda, like its global peers, is facing a shortage of semiconductors.

It is running short on chips used in the Fit's vehicle stability assist system and in the N-series' safety- and driver-assist technology, sources said.

A Honda spokesman said that the automaker plans to adjust productions next month as it did this month, but did not disclose which car models would be affected or the scale of the cut.

"We are continuing to take measures to minimise the effect," he said.

Honda cut its production earlier this month by about 4,000 units, mainly affecting its Fit and Jazz models.

It also reduced production of five models, including the Civic and Accord, at five facilities in the United States and Canada, while China's GAC said its joint venture with Honda had received warnings on supply of certain models.

Comments

Comments are closed.