Mumbai: Honda Cars India has posted a reduction for the next consecutive 12 months, hurt by a tumble in profits on account of Covid-19, value on employee separation and accelerated depreciation fees.
The area passenger vehicle device of Japan’s Honda Motor registered a web reduction of Rs one,588 crore for the fiscal 12 months finished March 31, 2021, in accordance to its submitting with the Ministry of Company Affairs, shared with ET by small business exploration system Tofler. In the earlier fiscal 2020, the maker of the Honda Town had posted a web reduction of Rs one,680 crore.
Profits in fiscal 2021 fell by about eleven% to Rs nine,624 crore. The company took a Rs 463 crore cost on the