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Honda: India, a Key Market, Will Continue Investments and Accelerate Electrification

Tokyo, Oct 29. Honda, the Japanese auto major, has expressed its commitment to continue investing in India, which is a key market for its future growth strategy. The company also plans to accelerate the electrification of vehicles in line with its global plans to achieve carbon neutrality by 2050.

Honda is open to alliances and collaborations with other firms in the mobility sector if it offers a win-win situation.

The company aims to achieve carbon neutrality by 2050 and has set milestones for 2030-35 and 2040. It considers the Indian market as a big market where electrification is rapidly progressing for both cars and two-wheelers.

The Indian market is important for Honda due to its scale and is already the seventh-largest market in the world for the company in terms of units sold.

The company has recently announced plans to launch five new SUVs, including a fully electric model, in India by 2030.

It has stopped production at its Greater Noida plant and now manufactures vehicles at the Tapukara plant in Rajasthan.

The company aims to launch a battery electric vehicle within the next three years and will follow its global policy for powertrains and the acceleration of electrification in India.

Honda is open to partnerships as long as they ensure a win-win relationship.

The company has partnerships with General Motors (GM) for electric vehicles and with Cruise, GM, and Honda to begin a driverless ride hail service in Japan in early 2026.

It believes that various kinds of alliances are possible as long as there are mutual benefits for both companies.

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