Source : PTI | Honda will begin operating a dedicated electric two-wheeler plant in India in 2028.
A wide variety of electric models will be produced here by combining modules that are common for multiple models. Additionally, for batteries, the core component of electric models, Honda has been working with battery manufacturers to establish specifications suited to the characteristics of two-wheelers and ensure stable procurement.
For now, the company is using its Karnataka facility for its electric plans and it is not entirely clear if the plans for 2028 will be housed in this very location or elsewhere. Either ways, it is a strong statement of intent on its electric drive.
The exercise also stems from Honda’s efforts to reduce the total cost of ownership (TCO), which it believes will be one of the challenges associated with the introduction of electric scooters.
The Japanese automaker is striving to sell its electric models in the price range where the “TCO for the three years of ownership will be equivalent to that of ICE (internal combustion engine) models”.
Market leadership
This new facility along with a series of other initiatives will see Honda striving to “capture the largest market share” in India’s electric two-wheeler market. The idea is to offer a wide variety of electric models that accommodate “increasingly diverse customer needs”.
