India is an integral part of the Japanese company's global electric vehicle rollout plan, which will take form in 2019 with China
Carmaker Honda Motor is planning to introduce an electric vehicle in the Indian market by 2023-24, sources told The Economic Times.
India is an integral part of the Japanese company's global electric vehicle rollout plan, which will take form in 2019 with China.
While the company will launch a 'B' segment vehicle in India, it is still gathering information for specific requirements in the market here, sources told the paper.
"While the government is yet to roll out its electric vehicle policy, unlike the past, Honda is not waiting for these changes to define its electrified vehicles footprint. While the hybrid solution on City sedan is defined, the EV solution for a B segment car or an SUV is a part of the plan," a source was quoted as saying.
The Indian arm of the company, Honda Cars India, has always been dependent on petrol-fueled cars. Its entry into small and diesel-fueled cars segment was also late, setting it back in India's competitive automotive market.
The company wants to avoid a similar situation in EVs and green mobility solutions. It did not specify any timeline for the launch of the project.
The model will be a city car and should have a range of 150-200 km. The company is also looking at localising the hybrid solution in India to ensure that it is accessible and affordable to buyers.
Honda is still late to the party as its competitors Maruti Suzuki, Mahindra and Mahindra and Tata Motors have already announced their plans to go green and manufacture EVs in the coming years.
