Honda Motorcycle and Scooter India (HMSI), India's second-largest two-wheeler maker, on Wednesday revealed its electric vehicle (EV) roadmap, which includes setting up a dedicated EV factory, launching the first two EVs in 2023-24, and establishing 6,000 battery exchange points in the country.
HMSI plans to establish a specialised unit for the manufacturing of electric vehicles (EVS), named 'Factory E', at its Narsapura plant located in Karnataka. Factory E will be created by converting an existing production line that currently manufactures internal combustion engine (ICE) vehicles, said Atsushi. Ogata, HMSI managing director and chief executive officer.
"The ICE vehicle production line at the Narsapura plant will be shifted to a new unit at Gujarat's Vithalapur plant," he added. Factory E will initially proluce 600,000 units per annum, starting operations in March next year.
The EV production capacity will be increased gradually in phases, aiming to produce 1 million units by 2030, Ogata said. Overall, the company's manufacturing capacity of 5.2 million units per annum at its four plants in India shall increase to 6.2 million units by 2030.
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