HMSI to enter EV space in FY25; eyes 33% sales from segment by 2030

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HMSI to enter EV space in FY25; eyes 33% sales from segment by 2030 - Business Standard

Quick Summary:

Speaking to reporters on the sidelines of 64th SIAM annual session here, HMSI Director (Sales and Marketing) Yogesh Mathur said the company will be entering the EV segment this fiscal.

Honda Motorcycle & Scooter India is looking to enter the electric vehicle segment this fiscal and eyes one-third of its overall sales to accrue from the segment by 2030.

"And what we understand is that by 2030 there will be a major shift towards EVs and we have announced that by 2030 in our lineup also..one-third at least will be coming only from EV models," Mathur said.