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Honda enters India's EV market | Mint Explains | Mint

India's two-wheeler electric vehicle (EV) market has been rapidly growing, with sales reaching 8.46 lakh in FY23, up 158% from FY22. This growth has prompted global automaker Honda to enter the market through its local subsidiary, Honda Motorcycles & Scooters India (HMSI). HMSI aims to launch ten EV models in India, including two this fiscal year, and targets a 15-20% market share by 2030. With the entry of Honda, competition in the segment is expected to intensify, challenging current market leaders like Ola Electric, Okinawa, and Hero Electric. In this video, we will discuss the growth of India's two-wheeler EV market, the entry of Honda, and the implications for the industry.

22 May 2023
News

Gujarat college students develop motorbike that runs on petrol, electricity

The main reason for developing this is that fuel prices are skyrocketing, said Dr Maniar, Dean, Mechanical Department, VVP Engineering College

1 min read19 Jul 2021
Companies

Royal Enfield working on an electric motorcycle platform

An electric motorcycle will advance the Royal Enfield idea of pure motorcycling, says president Rudratej Singh

1 min read5 Jun 2018
Companies

Harley-Davidson plans to launch electric bike within 18 months: CEO Matt Levatich

Harley-Davidson's new electric bike, which is still not named, will carry a roughly 50-mile range and will be able to go from 0 to 60 miles per hour in 4 seconds

3 min read31 Jan 2018
Mint-lounge

The quiet bikes

Two start-ups are trying to change the image of electric motorcycles

7 min read17 Dec 2016
Companies

Tork Motorcycles raises funds from Ola founders, others

Tork Motorcycles is developing an electric motorcycleT6Xand is in the closing stages of prototyping and certification for the bike

2 min read18 Apr 2016

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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