Honda Motorcycle and Scooter India, the country’s second largest two-wheeler maker is readying an ambitious plan of introducing 10 all electric two wheelers in the coming decade, that will cater to the entire spectrum of zero emission vehicles in the future.
The 10 models are likely to be based on a minimum of vehicle architectures or more. The plan is to offer multiple powertrains, speed category, and body types. The EV plan has been defined after an exhaustive study for over two years. The products developed will be available in both fixed and swappable alternatives.
Honda Motorcycle is amongst the last key mainstream players to enter the EV market in 2024, however, it may be the first Japanese two-wheeler brand to enter the fledgling EV market which is witnessing rapid adoption.
To kickstart the electric vehicle gameplan, the work on two projects codenamed – GJNA and K4BA has already started. One of them is Activa Electric which will be based on a fixed battery construct, whereas the other is a Moped which will come with a swappable alternative.
Honda’s EV plan has been defined after an exhaustive study for over two years. The products developed will be available in both fixed and swappable alternatives. Honda is amongst the few key mainstream players yet to enter the EV market in 2024, however, it may be the first Japanese two-wheeler brand to enter the rapidly growing EV market.
In the first year, Honda has planned for a production of 1-1.5 lakh units between both models. For the mainstream market, the company is eyeing a strong double-digit growth in FY24 to about 5 million units.
To support swappable battery alternatives, Honda Power Pack Energy India Private Limited (HEID) has already established a base in Bengaluru. The swappable solutions are currently offered to the three-wheeler industry, eventually in-house Power pack business will aid the expansion of Honda’s EV business. Honda was, in fact, open to alliances in the last-mile mobility space.
Set up in November 2021, the battery swapping service was started by Honda to support electric auto rickshaws. HEID started with a network of 70 swapping stations in Bengaluru, which is planned to be expanded to other cities.
While the immediate focus for Honda is to carve a space for itself in a domestic market, eventually the company intends to ship EVs to the global markets too.
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