The Japanese automaker is also aggressively pursuing the development of fuel-efficient products and plans a phase-wise implementation and integration of flex fuel technology in its model range.
“Bringing the synergies of Honda’s global expertise with strong indigenous support, HMSI will further expand its horizons in India,” HMSI MD, President and CEO Atsushi Ogata told reporters.
A staggered implementation of flex fuel technology and multiple EV model introduction in the future will lead to an exciting journey ahead, he added.
The EV introductions will happen while leveraging support from Honda’s other subsidiaries in the country.
Currently, the company is in a feasibility study stage for readying the EV model line up and developing the overall ecosystem in India.
“The company also plans to enter low end motorcycle segment while boosting its new fun models’ business in domestic market,” Ogata noted.
Parallelly, the company aims to serve more developed countries from India, he added.
HMSI currently exports to 40 countries.
“Moving further, though supply chain issues still persist and the industry facing head winds of increasing commodity and fuel prices, we anticipate a sustained market recovery on a lower base of last fiscal,” HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said.
A leader in scooter segment, HMSI currently rolls out its model range from four manufacturing plants — Manesar (Haryana), Tapukara (Rajasthan), Narsapura (Karnataka) and Vithalapur (Gujarat). PTI MSS SHW SHW
