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Japanese automaker Honda reports its 3Q profit jumped on strong demand at home and in the US
![IndiaTimes]()
Thursday, 9 November 2023
Honda Motor Co. reported a 34% increase in profit for the July-September quarter, driven by strong overseas earnings due to a weak yen and healthy demand, particularly in the US. Quarterly sales also rose by 17%. The recovery of production in North America, which had been impacted by supply shortages, contributed to the improved profitability. However, Honda's motorcycle sales were affected by slowing economic growth in China and Vietnam, as well as increased demand for electric vehicles in China.
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Thursday, 9 November 2023
