Honda Eyes the Throne: Japan’s Honda Motor Co Ltd on Tuesday said it is close to passing the Indian two-wheeler market and it will, over the coming quarters, expand into scooters and EVs to help cement that position. The company, which had a split with erstwhile partner Hero MotoCorp — now the leader in the market — in 2011, also said it will seek to gain the highest market share in the electric two-wheeler segment in India where it will set up a dedicated electric two-wheeler production plant beginning 2028.
“Now we have launched the products whatever we have launched in India, top of the line also, both in terms of price and in terms of being competitive from whatever solution the requirements of customers, to suit those requirements we have products on the ground that are very-very competitive in regard to competition… that a very advantage working with 6,000 dealers and service network across India in the subcontinent we are able the unit sales stay of this 7-pck range is on higher side. We can now see the number one position clearly ahead of us,” said Honda Motor Co Executive Officer, Chief Officer, Head of Motorcycle and Power
Products Operations, Motorcycle Business Unit, Minoru Kato said at a news conference in Tokyo.
“This (India) is a diverse market in terms of needs and income levels, and going forward we will cater to all of them,” he told reporters here. “We will strengthen with EVs, scooters and motorcycles across all categories to establish the number one position. Honda is represented in the Indian two wheeler market via its wholly owned subsidiary Honda Motorcycle and Scooter India (HMSI). In 2011, it parted ways from the erstwhile joint venture Hero Honda, after 26 successful years.