Honda Reports Robust Results on the Back of Healthy Motorcycle Sales
Strong motorcycle demand in Brazil and India helped offset 484.8 billion yen in EV losses, while Honda lifted its full-year operating profit outlook.
- On Tuesday, Tokyo-based Honda Motor reported a 66% rise in net profit for the first half of its fiscal year, driven by strong motorcycle sales as total revenue climbed 13% to 12 trillion yen.
- While Honda sold 11.9 million motorcycles, especially popular in Brazil and India, global automobile sales slipped to 1.57 million units, and EV-related losses erased 484.8 billion yen from operating profits.
- The maker of the Super Cub and Accord plans to expand with a new auto production plant in Ohio and increased motorcycle capacity in Manaus, Brazil, reaching 2.3 million units by 2029.
- Honda raised its full-year operating profit forecast to 780 billion yen from 650 billion yen, citing favorable exchange rates and efforts to mitigate United States tariff impacts through production shifts.
- The company expects United States demand to grow for hybrid models, while remaining flexible enough to switch to battery EV production if such vehicles eventually gain popularity.
28 Articles
28 Articles
The Toronto Star
Honda reports robust results on the back of healthy motorcycle sales
TOKYO (AP) — Honda’s net profit rose 66% in the first half of its fiscal year, the Japanese automaker reported Tuesday, driven by strong motorcycle sales.
Honda reports robust results on the back of healthy motorcycle sales – WTOP News
TOKYO (AP) — Honda’s net profit rose 66% in the first half of its fiscal year, the Japanese automaker reported Tuesday, driven by strong motorcycle sales. Tokyo-based Honda Motor Co. reported a profit of 516.76 billion yen ($3.3 billion) for the six months through September, up from 311.83 billion yen a year earlier. First half...
Japan's Honda announced on Tuesday that it had posted a 66 percent increase in net profit in the first half of the fiscal year, with strong motorcycle sales.
Milan, 10 Nov. (askanews) Honda has raised by 20% the forecasts of operating profit for the exercise that will close in March 2027, despite a second trimester clearly inferior to the expectations of the analysts, penalized from the costs of the restructuring of the electric activities. The Japanese constructor has also announced an investment of 3 billion dollars for [...]
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