Honda is gearing up for significant developments in its production lines to meet the growing demand for both ICE and EVs With the addition of new manufacturing lines at its Gujarat and Karnataka factories, the company aims to enhance its …
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The post Honda Prepares Production Line for Upcoming Activa EV first appeared on Motoroids.Honda is gearing up for significant developments in its production lines to meet the growing demand for both ICE and EVs
With the addition of new manufacturing lines at its Gujarat and Karnataka factories, the company aims to enhance its capacity and cater to the evolving automotive market.
Honda has strategically added two manufacturing lines at its Gujarat and Karnataka facilities to accommodate the production of ICE and EV vehicles. The commencement of manufacturing for the upcoming Activa EV scooter is scheduled for December 2024 at the Karnataka plant, marking a significant milestone in Honda’s EV journey.
The third production line at the Gujarat factory is expected to contribute an additional volume of 6.6 lakh units, with plans for a dedicated EV manufacturing line in the fiscal year 2025. This cumulative increase in capacity will bolster Honda’s ability to produce approximately 9 lakh units annually, reinforcing its position in the competitive automotive landscape.
Despite the challenges posed by the COVID-19 pandemic, Honda remains optimistic about its prospects for future growth. The company aims for a double-digit growth rate exceeding 15 percent in the fiscal year 2025, signaling its confidence in the market’s resurgence and rebound.
Honda’s performance in the two-wheeler market has been commendable, with significant gains in both domestic sales and market share. The company achieved a growth rate of 13 percent in domestic sales during the previous fiscal year, with a market share of 25 percent in the overall two-wheeler segment.
Honda proactive approach to capacity expansion and product innovation reflects its commitment to meeting consumer demand and staying ahead of industry trends. With the impending launch of the Activa EV scooter and ambitious growth targets, Honda is poised to make a substantial impact in the evolving automotive landscape.
The post Honda Prepares Production Line for Upcoming Activa EV first appeared on Motoroids.