Honda is aiming to take the largest share in the electric two-wheeler market in India by the end of this decade.

Honda’s powersports business made around $3.6 billion in operating profit in FY 2024, up almost 14 percent from five years earlier.

The new Honda electric two-wheeler manufacturing facility will be functional by 2028 and the products built at this plant will be exported to several countries overseas.

Honda Motor Co. is looking to capture half of the world’s market for motorcycles as industrywide sales of two-wheelers, both gas and electric, are tipped to reach 60 million units annually by 2030.

Honda Motor Company plans to establish a dedicated electric motorcycle factory in India by 2028. Daiki Mihara, the Head of the Motorcycle and Power Products Electrification Business Unit told the media in Japan.

Japanese auto major Honda Motor Japan on Tuesday said that it will begin operating a dedicated electric motorcycle production plant in India by 2028. The plant will produce a wide variety of electric two-wheelers by combining modules that are common for multiple models.

Honda said it sees the global motorcycle sales reaching 6 crore units from the current 5 crore, including electric vehicles, powered by demand in what it calls the 'global south' region, comprising of India,

Japanese auto giant Honda has said that it will operationalise a dedicated electric motorcycle production plant in India in 2028.

TOKYO -- Honda Motor announced Tuesday that it will open a factory dedicated to electric motorcycles in India in 2028, aiming to raise its profile in a South Asian market with high growth potential.