Japanese auto giant honda reaffirms commitment to India's electric future in alignment with global carbon neutrality goals
Honda Motor Co. Ltd., the renowned Japanese car manufacturer, confirms its continual investment in India, emphasising the nation's role in its global electrification strategy. According to senior company officials, this move is part of Honda's endeavour to achieve carbon neutrality by 2050.
Honda's President and CEO, Toshihiro Mibe, shared with Indian journalists at Tokyo headquarters the company's ambition for carbon neutrality by 2050, setting crucial milestones for 2030–35 and 2040. Mibe highlighted, "The Indian market, with its accelerating shift towards electrification in both cars and two-wheelers, holds significant importance for us."
Asian Honda Motor Co.'s President & CEO, Toshio Kuwahara, emphasised India's pivotal role: "Given its scale, India is of immense importance, ranking seventh globally for Honda in sales." Excluding China, he added, "In the Asia Pacific, the electric vehicle market is critical, necessitating our focus on India."
After restructuring its India operations earlier this year, Honda announced the launch of five new SUVs by 2030. The line-up features the recently introduced mid-sized SUV, Elevate. After ceasing production at its Greater Noida facility, the company operates from the Tapukara plant in Rajasthan.
Honda Cars India Ltd.'s President and CEO, Takuya Tsumura, hinted at their forthcoming battery-electric vehicle within the next three years, implying the inevitable investments. However, he refrained from revealing specific investment figures.