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Honda will launch 10 new models including 7 SUVs in India by 2030, Honda 0 Alpha electric car will also be produced in India, a strategy is being prepared to increase the market share.
New Delhi. Japanese auto manufacturing company Honda will introduce 10 new models including 7 SUVs in the Indian market by 2030. The company aims to increase sales and market share in the rapidly growing Indian Passenger Vehicle (PV) market. Toshihiro Mibe, Director, President, Honda Motor Company Limited said that the brand is finalizing strategies for the Indian market amid changes in global markets. The company sees North America, Japan and India as its major markets.
keeping an eye on the Indian market
Mibe said, India will be a priority market and this is the market where we want to focus more. At Honda, we have formed a project team specifically for the Indian market which is now working on formulating the strategy for the Indian market. For example, he said the way Honda's two-wheelers are performing well in the Indian market with Indian suppliers and OEMs. Similarly, similar partnerships can be formed for the car business to maximize localization in the country.
Plan to introduce 10 more models in India by 2030
Elaborating on the plans, Honda Cars India President and Chief Executive Officer (CEO) Takashi Nakajima said that the company has aggressive plans for the country. He said, we are planning to introduce 10 more models in India by 2030. With SUVs becoming mainstream, 7 out of 10 models will be from this segment.
Only one model in SUV segment
The company currently sells only one SUV model 'Elevate' in the market. Along with this, two other vehicles of sedan segment Amaze and City are also available.
Honda 0 Alpha will be produced in India
Honda is planning to produce its next generation electric car 'Honda 0 Alpha' in India. Later it will also use it for export to Japan and some other Asian countries. This model is expected to be available for sale in India and Japan in 2027.