The company’s target to be on top of the list for electric vehicles despite its late debut, levels-up by its plan to establish a factory for EVs in Karnataka, India by 2028.
It aims to meet the growing local demands as well as for exports to cater to similar emerging markets.
It is said to gear up with a commuter bike with a 4kWh battery. The factory will produce numerous models with different modules. Honda is tied up with various battery manufacturers to develop specifications that are well fitted with motorcycles to enhance their performance and ensure stability. Products will have both fixed and swappable batteries. Although the company had started their race at the end, they are hoping to bag 1st position in terms of electric vehicles.
Daiki Mihara, the head of the Motorcycle and Power Products Electrification Business Unit, in a media interaction in Japan said “Moving forward, we will continue to leverage the strengths cultivated through ICE technology to introduce new EVs, including models with fixed batteries. In India’s largest market, we aim to achieve the number one position in the electric segment by implementing various initiatives”.
Honda assures to offer electric vehicles at a price range where the total cost of ownership over three years would be comparable to that of ICE vehicles. The company also said that it would be manufacturing both commuters and fun EV models. It has come up with a strategic plan to introduce 30 electric models globally by 2030, aiming to increase its global annual sales of electric motorcycles to 4 million units by 2030. Out of 30, 13 have already been introduced. Honda is expected to be the leading producer of electric motorcycles that accommodate customers’ needs.