homeauto News

Honda Motorcycle & Scooter India plans entry into electric vehicle segment

Honda Motorcycle & Scooter India plans entry into electric vehicle segment

Honda Motorcycle & Scooter India plans entry into electric vehicle segment
Profile image

By PTI Apr 21, 2022 6:11:51 PM IST (Published)

Currently, the company is in a feasibility study stage for readying the EV model line up and developing the overall ecosystem in India. "The company also plans to enter low end motorcycle segment while boosting its new fun models' business in domestic market," HMSI MD, President and CEO Atsushi Ogata noted.

Honda Motorcycle & Scooter India (HMSI) on Thursday said it plans to launch multiple electric models, foray into entry level 100 cc bike segment, and enhance exports as part of the future business roadmap in the country. The company plans to develop its Manesar-based manufacturing plant as a global hub for overseas shipments.

Recommended Articles

View All

The Japanese automaker is also aggressively pursuing the development of fuel-efficient products and planning a phase-wise implementation and integration of flex fuel technology in its model range. "Bringing the synergies of Honda's global expertise with strong indigenous support, HMSI will further expand its horizons in India," HMSI MD, President and CEO Atsushi Ogata told the reporters.
A staggered implementation of flex fuel technology and multiple EV model introduction in the future will lead to an exciting journey ahead, he added. The EV introductions will happen while leveraging support from Honda's other subsidiaries in the country.
Also Read:
Currently, the company is in a feasibility study stage for readying the EV model line up and developing the overall ecosystem in India. "The company also plans to enter low end motorcycle segment while boosting its new fun models' business in domestic market," Ogata noted.
Parallelly, the company aims to serve more developed countries from India, he added. HMSI currently exports to 40 countries.
"Moving further, though supply chain issues still persist and the industry facing head winds of increasing commodity and fuel prices, we anticipate a sustained market recovery on a lower base of last fiscal," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said. A leader in scooter segment, HMSI currently rolls out its model range from four manufacturing plants -- Manesar (Haryana), Tapukara (Rajasthan), Narsapura (Karnataka) and Vithalapur (Gujarat).
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng