Honda starts development of e-scooters for Indian market
HMSI is the top contributor to parent Honda’s global two-wheeler business, and currently has four manufacturing plants in India, with an installed capacity of 64 lakh units per annum.
The challenge is in aspects like pricing, driving range of the vehicle, and performance. “How do we strike the right balance here?” He said the minimum distance that the company is targeting on a single charge is 100 km. Asked how soon can the company look at rollout, Kato said it is difficult to spell out a time frame. “Nobody knows the timeline as yet.”
Speaking about the business in India, Kato said HMSI sold over 5.7 million units here in the last fiscal at a growth rate of 22%. Apart from this, it also exported 3.5 lakh units.
The company is now looking at expansion of its manufacturing capacity. HMSI is the top contributor to parent Honda’s global two-wheeler business, and currently has four manufacturing plants in India, with an installed capacity of 64 lakh units per annum.
Kato said new launches and increased retail presence will be a focus area for the company, which will invest Rs 800 crore in the current fiscal.
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