*Honda’s Electric Motorcycle Plant in India* *By The Valuation School* Honda Motor Japan has announced plans to open a dedicated electric motorcycle production plant in India by 2028. This facility will produce a variety of electric two-wheelers using modular components that can be shared across multiple models. While the exact location and investment details remain undisclosed, the plant is expected to play a significant role in Honda’s global electrification strategy. *Focus on Affordability* Honda aims to make its electric two-wheelers affordable by keeping the total cost of ownership (TCO) for three years on par with internal combustion engine (ICE) vehicles. This affordability goal will be achieved through collaboration with battery manufacturers to develop batteries specifically suited to motorcycles and ensure a stable supply. *Growth in India’s Electric Two-Wheeler Market* India’s electric two-wheeler market is expanding rapidly, with annual demand reaching around one million units, which accounts for 5% of the total two-wheeler market. The sector’s growth is driven by government subsidies and new models introduced by various players. Honda’s planned facility is expected to produce at least eight electric models to cater to this demand. *Leveraging Honda’s Sales Network* To support its electric vehicle expansion, Honda Motorcycle & Scooter India (HMSI) will utilize its extensive network of 6,000 outlets across the country. This will ensure comprehensive service and charging infrastructure for upcoming EV models, including those equipped with fixed batteries. Honda plans to address customer concerns about range anxiety by expanding the charging infrastructure nationwide. *Global Expansion Plans* Honda has positioned 2024 as the starting point for its global electric vehicle expansion. It plans to introduce 30 electric models worldwide by 2030, with a target of selling four million electric motorcycles annually by then. As part of this effort, Honda has already launched 13 electric models globally and recently introduced two electric two-wheelers in India—the Activa e with swappable batteries and the QC1 with a fixed battery. *Asia’s Role in Honda’s Strategy* Asia remains a critical market for Honda, contributing 85% of its global motorcycle sales. India, along with other countries like Indonesia, Thailand, and Vietnam, will play a significant role in driving Honda’s growth in the electric vehicle space. With its focus on affordability, widespread infrastructure, and innovation, Honda is taking a major step toward shaping the future of electric mobility in India and globally. *Acha laga, react & share karo & follow our social media for more updates & financial content:* ✅ WhatsApp Channel: https://t.ly/BJTRY ✅ Youtube: https://t.ly/lJqST ✅ Newsletter: https://t.ly/L2vK2 ✅ Instagram: https://t.ly/SLIX4 ✅ LinkedIn (Parth Sir): https://t.ly/mN4yj ✅ LinkedIn (The Valuation School): https://t.ly/Hbeh0