LIVE TV
India
Photo: X/The Automotive India
Recommended Stories
Honda Motor Company said it will introduce only sport-utility vehicles (SUVs) in India as the Japanese automaker seeks to capitalise on this fast-growing segment in the Country. And no new sedans will be offered.
Betting big on the Indian market, Honda has announced their plan of 5 upcoming cars for India. As part of their global strategy to achieve carbon neutrality by 2040, Honda is making significant shifts in their approach in India.
In a recent announcement, Honda’s President and CEO, Toshihiro Mibe, revealed their new game plan that revolves around SUVs and electrification.
Mibe stated, “For Honda, the Indian market is a big market, and it is the market where electrification is rapidly progressing for cars and two-wheelers.” Honda is gearing up to launch its first full electric vehicle in India within the next three years, based on its recently launched Elevate SUV.”
Takuya Tsumura, President of Honda Cars India, said, “By 2030, we plan to launch five more models such as Elevate-based EV and other SUVs. With those in the market, we would be able to compete against other companies and be able to really win.”
While Honda had previously collaborated with General Motors (GM) for affordable electric vehicles, the alliance faced viability challenges and was consequently dissolved. However, the company remains open to potential future partnerships that promise mutual benefits.
Honda has recently launched its compact SUV Elevate in India with which Honda aims to boost sales by 35 percent in the second half of the fiscal year.
In the past couple of years, Honda has discontinued Brio and Jazz hatchbacks over new emissions regulations. However, the company continues to sell sedans like City and Amaze.
