Weaknesses
1. Product recalls. Over 2011 and 2012, Honda recalled more than 1,000,000 vehicles to fix various faulty parts and manufacturing defects.
2. Weak position in Europe automotive market. Honda holds a very weak position in the Europe’s automotive market and has maintained only 1.1% market share in 2012.
3. Decreasing sales. In 2012, Honda’s revenue hit the lowest point in 4 years to ¥7.948 trillion.
4. Cost structure of Honda is high as compare to other automobile manufacturers
5. Caters to only the upper middle segment which limits the customer base
6. Honda has to recall a few of their models for corrective measures which caused a lot of hue and cry