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.

Honda Motor, the global leader in motorcycles, has laid out an ambitious roadmap for the future, encompassing market expansion, product innovation, and a definitive push toward electrification. The company aims to solidify its dominance by increasing its market share,

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 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.

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.

The Japanese automaker has discussed this plan and other initiatives planned to increase its electric two-wheeler penetration in India during the coming years. The eventual goal is to achieve market leadership in a segment where local players have already strengthened their positions.

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.

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