Honda turned its sights on 50 % of the world’s motorcycle market

Honda Motor Co.

The Japanese company said in a briefing on Tuesday that Honda’s global motorcycle sales are expected to reach 20.2 million in the fiscal year as of March this year, which will make it about 40 %.

Honda hopes to win 50 % of the market, including electric bicycles. The growth is especially from the Honda region, and the southern part of the world (mainly India, Indonesia and the Philippines) and other countries in South America and Central America. It does not give that wish for that wish.

Honda’s two -wheeled vehicle business operating profit in 12 months as of March 31, 2024 was about $ 3.6 billion, an increase of nearly 14 % over five years ago. However, the rise in living costs is for some of the poorest families in the world, and motorcycles can not even touch risks. In China, more stringent emission laws in the United States and Europe have challenged the rapid growth of electronic bicycles.

It said that Honda currently produces more than 20 million units per year among 37 facilities worldwide in 23 countries and regions. As Honda formulated a plan to struggle Nissan Motor Co.

MINORU KATO, the executive officer of Honda Motorcycle Department, said that he does not think that the two -wheeled vehicle department will be affected by Nissan transactions. He said: “In other words, with the progress of the negotiations, we find that the correct synergy role is very important.”

Honda may also encounter tariffs. Considering that a factory in Mexico is about 9,000 per year, most of them are imported to the United States. President Donald Trump threatened high tariffs on products crossing the Mexican border.

“Of course, it will have an impact,” Garto said on Tuesday. “We will see the relocation as possible, but we have not made a decision.”

As part of electrification, Honda plans to launch 30 electronic models globally by 2030 to achieve 4 million annual power sales targets of the year.

Other measures include dedicated to re -charging and recycling batteries, reducing the cost of electronic bicycles, and adding solar power systems to make their factories more environmentally friendly.

In India, Honda expressed his hope to capture the largest share in the electric motorcycle market. The company has begun to provide battery sharing and exchange services, so rider does not have to face a long waiting at the charging station.

Honda also plans to establish an electric motorcycle factory in India in 2028.

However, India has many powerful players, including market leaders Hero Motorcycle Co., Ltd. and Bajaj Auto LTD.

This article is generated from the Summary of the Automation News Agency without modifying the text.