Honda announces two new electric two-wheelers with swappable batteries, aims to roll out 1 million EVs per year by 2030

Honda Electric Two-Wheelers: Honda Motorcycle & Scooter India Pvt Ltd (HMSI) on Wednesday announced that it will launch two new electric two-wheelers (e-2Ws) in India in FY24. Importantly, the Japanese manufacturer announced that these vehicles will come with a swappable battery feature.

The company further added that it is setting up a separate unit at its Narsapura plant in Karnataka in order to roll out electric two-wheelers.

“Electric mobility is growing in India and our aim is to build the country’s best EV business structure. To fulfil our EV business requirements we are coming up with a dedicated factory in Narsapura,” Honda Motorcycle & Scooter India (HMSI) Managing Director, President and CEO Atsushi Ogata, said.

Following the government’s Make in India push and the focus on localisation, main components including battery and other critical components like PCU will be produced in-house, he said.

The motor will also be designed and manufactured locally, he further added.

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Apart from that, the two-wheeler manufacturer also stated that it aims to reach the milestone of producing one million EVs annually by 2030. It plans to bring in a dedicated platform on which multiple EV models with fixed and swappable batteries would be introduced.

“We aim to reach one million annual EV production at Narsapura by 2030,” he said.

Ogata said the company will utilise its existing sales network of around 6,000 touchpoints to come up with charging stations and for utilizing battery swapping.

Besides launching electric wheelers and aiming to reach one million EVs production, the company will also be expanding exports to 58 countries with 20 models in FY24. Currently, HMSI exports 18 models to over 38 countries.

(With PTI inputs)

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