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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
Photos

In pics: Honda unveils custom kit for CB350 range of motorcycles

The CB350 motorcycle range from Honda now has six distinctive custom kits available. As of now, the company has not revealed the prices for these accessories.

3 Mar 2023
0 Photos
Auto News

Yezdi motorbike expected to re-launch early next year, teased officially

The company will be introducing at least two new motorcycle models under the Yezdi brand name.

1 min read23 Dec 2021
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
Auto News

Bajaj Auto launches Pulsar NS 200, RS 200, NS 160 in new colours

The Pulsar RS 200 comes with dual-channel ABS (anti-lock braking system) and is selling at a price of ₹1,52,179 The NS 200 is priced slightly lower at ₹1,31,219

1 min read16 Oct 2020
Auto News

Honda Motorcycle working on entry-level bike: Report

The second largest two-wheeler manufacturer in the country is working on the new bike which will be priced below the CD 110 range

1 min read12 Oct 2020
Companies

Demand for two-wheelers soars

Sales of bikes picked up after the lockdown was eased in the first week of May

2 min read5 Oct 2020
Companies

Superbike firms hit a rough patch

Poor sales crimp ability to improve local manufacturing and bring down prices

2 min read30 Sep 2020
Auto News

Honda Motorcycle launches Hornet 2.0 to boost market share in premium segment

The new offering from the company will compete with Bajaj Auto’s Pulsar and TVS Motor Company’s Apache range of motorcycles

1 min read27 Aug 2020
Companies

HMSI crosses 11 lakh sales mark for BS-VI compliant two wheelers

The company said it had ended 2019-20 fiscal with sales of over 6.5 lakh units of BS-VI compliant two-wheelers

1 min read24 Jul 2020