Honda Motor Co. Ltd. throughout the COVID-19 (coronavirus) pandemic
Honda Motor Co. Ltd suffered from financial loss during its fiscal year that ended March 31, 2021. In that regard, outing and travel restrictions led to a reduction in production at the company’s Japan and overseas production bases. In fact, some Japan and other international dealers were forced to reduce services, including repairs and inspections, shorten hours of operation or even close business altogether. However, as of March 31, 2021, the company has been able to resume most of its operations.
COVIDIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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