Published On:January 25 2023
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Honda Motorcycle set to join two-wheeler EV race by March next year.

Honda Motorcycle and Scooter India (HMSI), the country’s second-largest two-wheeler manufacturer, is planning to launch its first electric vehicle (EV) here by March next year, said CEO & MD Atsushi Ogata recently.

The company would also enter the low-end motorcycle market in March by launching a 100cc engine bike at a price that will “positively shock” customers, he said while speaking with reporters, after launching the Activa with Honda Smart Key.

HMSI’s first EV, an electric scooter, will have a fixed battery and the second model will have two swappable batteries, Ogata explained. “The company started working on the first model around six months ago... It will have a top speed of about 50 km per hour,” he said.

Relatively new companies, such as Ola Electric, Hero Electric, Okinawa, and Ather, are the top four players in the electric two-wheeler market with about 60 per cent market share.

At a time when established two-wheeler makers Bajaj Auto, Hero MotoCorp, and TVS Motors have already launched their electric scooters, Ogata said HMSI is not late in developing and launching its EVs.

He said in the past three years, the company has focused on developing a strong constitution (fundamentals) by taking steps, such as centralising HMSI’s functioning from its Manesar office.

“Our market share in total two-wheeler sales in India is at its highest because of a very strong portfolio, efficient dealership network, etc. So, it (launching an EV) was not an urgent matter from a business point of view,” he said.

BS





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