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Experts & dealers pick holes in firm's approach towards India market
Financial Express Delhi
|August 25, 2025
WHEN IT MADE its much-hyped debut in the electric two-wheeler (e2W) space late last year, Honda Motorcycle & Scooter India (HMSI) announced it is expecting one-third of its overall sales to accrue from the segment by 2030.
If morning shows the day, that grandiose announcement looks increasingly like a mirage.
Roughly seven months after its foray into e2W—HMSI's portfolio comprises Activa e and QC1—the company has managed to sell only 15%, or 1,662 units, of its production as of July-end, according to Vahan data. That means a staggering 85% remain unsold at factories and dealerships. HMSI's electric share is now less than 0.1% of its overall sales. In comparison, Bajaj, TVS, and Hero MotoCorp have EV contributions of 14%, 8%, and 1.6%, respectively. Overall EV penetration in the two-wheeler market has already reached around 7%.
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