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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
Companies

Honda Activa special edition launched as scooter completes 20 years in India

The company has launched the special 20th-anniversary edition of Activa 6G.

1 min read27 Nov 2020
Auto News

Honda launches BSVI compliant Activa 6G

The new Activa 6G is Honda's third BSVI compliant model to be launchedHonda Activa 6G will be available from end of January or early February

1 min read15 Jan 2020
News

When a man bought Honda Activa by paying ₹83,000, all in coins

Honda Motorcycles has recently launched the new Activa 125, which is now BS-VI emission norm compliant and has been priced at ₹74,490Rakesh Gupta brought only five and 10 rupee coins to Krishna Honda showroom on Dhanteras in 4 gunny bags

1 min read28 Oct 2019
Industry

Hero MotoCorp forays into 125-cc scooter segment with Destini 125

Hero MotoCorp’s Destini 125 comes with two variants priced at ₹54,650 and ₹57,500, respectively (ex-showroom)

1 min read22 Oct 2018
Industry

Honda Activa crosses 2 crore volume mark

Honda's Activa, which pushed Hero Motorcop's Splendor to second position in May 2017, has retained top spot as largest selling two-wheeler brand in the country

1 min read17 Oct 2018
Auto

India runs on two wheels and animal carts, data shows

About one-third of households owned a two-wheeler in 2015-16 and a roughly equal share, 33.3%, owned a bicycle or animal cart

2 min read8 Aug 2018
Industry

Motorcycle sales outpace scooters' for third straight month

Honda led the scooter surge over motorcycles with the Honda Activa, but these gains might be nullified by Hero MotoCorp, which sees 50% of its sales come from rural areas

2 min read15 May 2018
Photos

Bikes at Auto Expo 2018

Motorsports, auto gaming arena and autonomous vehicle display are the key attractions at the 14th edition of the biennial Auto Expo 2018The expo will see 24 new launches and unveiling of over 100 vehicles. We take a look at some of the bikes at the expo

15 Feb 2018
0 Photos
Industry

TVS Motor launches 125cc scooter NTORQ

TVS Motor's 125cc scooter NTORQ is priced at Rs58,750 (ex-showroom, New Delhi)

1 min read5 Feb 2018

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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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