Honda’s Investment in EVs: Unveils Plan to Introduce 5 SUV Models in India
Honda Motor Company intends to introduce new SUVs in the electric vehicle (EV) market in addition to making investments in the electrified car sector in India. Over the next three years, the Tokyo-based company hopes to introduce electric vehicles (EVs) to India.
Toshihiro Mibe, President and Representative Director of Honda Motor Company Ltd., made this announcement to reporters at the company’s global headquarters. According to Mibe, the corporation has developed a growth strategy with precise targets for 2030, 2035, and beyond.
“A strategy will also be made by the regional management. The Indian market is a big market. The EV segment is rapidly progressing for cars and motorcycles.’‘
Honda is also open to alliances globally with partners in the industry for cars and two-wheelers and “basically believes that an alliance is good. As long as it is a win-win situation, there is a possibility for alliances,’‘ Mibe said.
There are ongoing partnerships for the company. Together with GM and Cruise, Honda is planning to launch a driverless ridehail service using the Cruise Origin, in Japan in early 2026. The Indian market ranks 7th for Honda in terms of size. In addition to the two sedans it has in India, Honda launched Elevate, an Urban SUV.
A new electric vehicle (EV) version of Elevator, which has previously been introduced, is expected to be released within the next three years, according to Takuya Tsumura, President and CEO of Honda Cars India.
“Honda Elevate holds the potential to become a key pillar of Honda’s business in India, offering remarkable value to our evolving customers,’‘ he added. According to him, Honda intends to release four additional electric SUVs by 2030. Going forward, Honda will be making strategic and investment decisions in tandem with the expansion of the Indian market.