Honda aims to sell 10 lakh electric two-wheelers annually by 2030

Honda Motorcycles and Scooter India (HMSI) has also said that it is working on a flex-fuel commuter motorcycle that would be launched in the country s
Honda U-GO electric scooter. (Wuyang-Honda)
Honda U-GO electric scooter.

Honda Motorcycle & Scooter India plans to launch several electric vehicles in India in coming days. The two-wheeler manufacturer says it aims to sell around 10 lakh units every year by 2030. HMSI hopes that electric two-wheelers will contribute around 30 per cent of its total sales by the end of the decade. Honda's decision to enter the electric vehicle segment in India comes at a time when there is a definite boom in sales of electric two-wheelers. From established manufacturers like Hero Electric to new entrants like Ola Electric, EVs in the two-wheeler segment has seen a massive 370 percent rise in the last fiscal.

Atsushi Ogata, CEO and President at Honda Motorcycle & Scooter India, said, "We are thinking that in another ten years till 2030, maybe 30 per cent of the total two-wheeler sales will come through EVs. So our target should also be to have over 30 per cent market share in the segment. So by 2030, one million EV (sales) from HMSI. It is our estimation."

Also check these Bikes

Find more Bikes
Honda Pcx Electric (HT Auto photo)
Range Icon150 Km
₹ 1.45 Lakhs
View Details
Honda Nx500 (HT Auto photo)
Engine Icon471 cc Mileage Icon27.78 kmpl
₹ 5.90 Lakhs
Honda Sp160 (HT Auto photo)
Engine Icon160 cc Mileage Icon65 kmpl
₹ 1.18 - 1.22 Lakhs
View Offers
Honda Forza350 (HT Auto photo)
Engine Icon330.0 cc Mileage Icon30.0 kmpl
₹ 3 Lakhs
View Details
Honda Pcx160 (HT Auto photo)
Engine Icon156.0 cc Mileage Icon40.0 kmpl
₹ 1.20 Lakhs
View Details
Honda Vario 160 (HT Auto photo)
Engine Icon156.9 cc Mileage Icon46.9 kmpl
₹ 1.30 Lakhs
View Details

Ogata added that currently Honda Motorcycle & Scooter India is in the process of finalising its overall EV strategy for India. A concrete future roadmap for EVs is likely to be shared by the two-wheeler manufacturer by the end of the current financial year. The company said the introduction of its EVs will happen taking support from Honda's other subsidiaries in the country. "Bringing the synergies of Honda's global expertise with strong indigenous support, HMSI will further expand its horizons in India," Ogata said.

Besides EVs, Honda Motorcycles and Scooter India (HMSI) has also said that it is working on a flex-fuel commuter motorcycle that would be launched in the country soon. A staggered implementation of flex fuel technology and multiple EV model introduction in the future will lead to an exciting journey ahead, he added.

Honda Motorcycle & Scooter India currently sells ICE motorcycles and scooters in the country. The HMSI manufactures all its models from four facilities located at Manesar in Haryana, Tapukara in Rajasthan), Narsapura in Karnataka and Vithalapur in Gujarat.

First Published Date: 22 Apr 2022, 09:54 AM IST

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.