Honda's Bold Move: Ten New Models to Elevate Indian Market Prestige by 2030
Honda plans to launch ten new models, including seven SUVs, in India by 2030 to capture a bigger market share. The automaker will introduce both global and locally-made vehicles as it views India as a growth market. The strategy includes hybrid and electric vehicles to meet varied demands.
- Country:
- Japan
Japanese auto giant Honda is set to introduce ten new models in the Indian market by 2030, including seven SUVs, in an ambitious bid to boost sales and market share. This strategic move aligns with the company's view of India as a top growth market alongside the US and Japan.
According to Toshihiro Mibe, Honda Motor Co., Ltd.'s Director, President and Representative, the company is finalizing plans for India's passenger vehicle market. This decision comes amid global automotive shifts and the rise of Chinese OEMs. Honda intends to focus more keenly on India, drawing lessons from its two-wheeler success in the country.
The launch strategy involves locally produced and global premium products, with a comprehensive range of powertrains including ICE, hybrid, and full electric. Production plans include the next-gen EV Honda 0 Alpha, with India as both a production hub and export base for Asian markets.
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