Summary:

By 2030, Honda Motor wants to increase its market share in India by introducing more than ten new car models, including SUVs, electric cars, and hybrids. India is one of the company's top three international markets, and it stated that the new products will help it maintain long-term growth in the rapidly growing passenger car industry. It seeks to meet the growing need for high-end, fuel efficient, and environmentally friendly mobility options. With a focus on hybrid technology and electric mobility, its future portfolio will feature both high-end imported models and mass-market automobiles made domestically. Seven SUV models are anticipated. In order to compete in the changing clean mobility industry, Honda also intends to improve localisation, R&D capabilities, and commercial synergies in India.

Source: IBEF

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