Honda Motorcycle and Scooter India is set to launch 10 electric two-wheelers by 2030, offering multiple powert rains, speed categories, and body types with both fixed and swappable battery alternatives.
The first Honda electric vehicle is expected to hit the roads in March 2024, and the company aims to produce 1-1.5 lakh units in the first year. With plans to expand into global markets, Honda is making a significant move into the EV space, with its president defining a roadmap to expand the company’s addressable market.
Honda Motorcycle and Scooter India has announced its ambitious plan to introduce 10 electric two-wheelers in the next decade, catering to the entire spectrum of zero-emission vehicles.
The company plans to offer multiple powert rains, speed categories, and body types, including fixed and swappable battery alternatives.
Two projects, codenamed GJNA and K4BA, have already started, with the Activa Electric being the first EV to hit the roads in March 2024, followed by another model in September 2024.
Honda Power Pack Energy India Private Limited has already established a base in Bengaluru to support swappable battery alternatives, and the company is eyeing a strong double-digit growth in the mainstream market, with a potential of half a million units cumulatively over three years. Honda intends to ship EVs to the global markets too.
Honda Motorcycle & Scooters India’s President, Atsushi Ogata, has defined a roadmap to expand the addressable market for the company, starting with addressing the premium end of the market with BigWing motorcycles, followed by the Shine 100, and now venturing into the EV space. Ogata expects the penetration of EVs to be in the range of 15-25 percent by the end of the decade and has defined the company’s roadmap based on these forecasts.
With Honda’s foray into the EV market, customers can expect multiple options to choose from, catering to their needs and preferences. With the growing popularity of EVs and the government’s push for electric mobility, Honda’s ambitious plan may pave the way for other two-wheeler manufacturers to follow suit.
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