Honda Bets Big on Indian Market for Growth
Honda considers India a critical market for expansion, planning to introduce three new SUV models by 2026-27. The company focuses on building brand and volume in India to address enhanced competition. Honda aims for carbon neutrality by 2050 with a shift toward electric and hybrid vehicles.
- Country:
- Japan
In a strategic move, Honda is turning its attention to India, a country seen as pivotal for its growth alongside the US and Japan, stated Takashi Nakajima, Honda Cars India President and CEO.
The automaker is set to expand its SUV lineup in the nation, leveraging the market's strong demand across various price categories. This shift is a significant change in Honda's approach over the past few years.
Looking ahead, Honda plans to launch three new models by 2026-27, targeting the SUV segment. The company is also committed to increasing its share of electric and hybrid vehicles to achieve carbon neutrality by 2050.
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