Honda motorcycle will enter in Electric vehicle market in the next financial year

Honda Motorcycle and Scooter India (HMSI) is gearing up to launch its first electric vehicle (EV) in the next financial year. The company’s Managing Director and Chief Executive Officer (CEO) Atsushi Ogata gave this information. “The details have not been finalized yet, but we have committed to launch electric vehicles in the next financial year,” he said.

Asked if the company has started testing its electric vehicle in India, Ogata said, “It has not been done officially.” But after Diwali, we will study its feasibility with our dealers. Actually, the company sells popular brands like Activa and Shine in the country. After the festive season ends this year, the company will initiate discussions with its dealer partners about the feasibility of the electric scooter.

The company’s chairman said that HMSI has decided to enter this segment after extensive consultations with its parent company Honda Motor Company of Japan. He said that the government is supporting investment in green infrastructure.

In such a situation, many domestic as well as foreign companies are investing in this area. “People have started using EVs for short distance travel,” Ogata said. But for long distance travel and rural areas, there is a demand for only two wheelers with internal combustion engine.

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