Honda has Russia in its eyes for a new assembly plant. However, this venture will cost the company several billion yen to produce 30 000 - 50 000 vehicles annually. Honda has already submitted the plans to the Russian government and started talks with officials. The location of the plant is being consulted and it will use components shared and imported from global facilities. Honda sold only 18 000 vehicles in Russia last year with tariffs of 50% and more. But Russia's car market is expected to double in sales in the next few years. Looks like Honda's gamble might pay off.
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