Thursday, May 23, 2024
HomeAutoHonda Motorcycle will make big investment for electric vehicles, the aim is...

Honda Motorcycle will make big investment for electric vehicles, the aim is to increase sales.

Honda Electric Motorcycles: Giant Japanese automobile company Honda said that it plans to invest 500 billion yen ($3.4 billion) in the production of electric motorcycles and mopeds by 2030. The world’s largest two-wheeler maker also said it plans to launch 30 new electric models by the end of this decade and reduce the current cost of electric motorcycles by 50 percent.

Company will make big investment

“For the electrification of its motorcycles, Honda is investing 100 billion yen over a five-year period from 2021 to 2025, and an additional 400 billion yen over a five-year period from 2026 to 2030,” Honda said in a statement on Wednesday. Will invest Rs.

Customers will get convenience

Apart from this, the company has also increased its global annual selling target for 2030 to four million units, which is more than the 3.5 million units target announced last year. The company will also “improve customer convenience by offering online sales that will allow customers to purchase motorcycles without visiting the dealer in person.”

What did the company say?

The company’s statement said that this investment will initially use its existing infrastructure for ICE models, but around 2027 the company will start a dedicated electric motorcycle manufacturing plant. According to Grand View Research, the global electric motorcycle market was worth $30 billion in 2022 and is projected to grow by about 19 percent per year between 2023 and 2030, driven by rising fuel prices and worrying climate change trends.

RELATED ARTICLES

Most Popular