Honda Motorcycle & Scooter India on Wednesday said it is setting up a separate unit at its Narsapura plant in Karnataka to roll out electric two-wheelers with the first two models expected to hit the market in the next fiscal itself.
The company aims to touch 10 lakh electric vehicles production capacity annually by 2030.
“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 told reporters here.
