Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Honda Eyes India For Compact Electric SUV Exports In Asia

- Advertisement -

Honda Cars India, during the introduction of their new Elevate model, revealed plans to expand its SUV portfolio in the country to five models. Additionally, the company expressed intentions to utilize India as a base for future export operations.

Honda Cars India, focusing on exports as a crucial strategy for the growth of its internal combustion engine SUVs, is transitioning to become a hub for electric vehicles with its new initiative ‘ACE’. The ACE project, which stands for “Asian Compact Electric,” is anticipated to be operational by 2026. It is expected that 50-70 per cent of the vehicles manufactured in India will be exported to major international markets, including Japan.

Industry insiders mention that a new product, codenamed DG9D, is under discussion. This product, with a projected annual production volume of one lakh units, forms part of nearly four new models planned for the Indian market.

- Advertisement -

Honda Cars India, while not commenting on future products or business strategies due to confidentiality, had previously announced at the Elevate launch its intention to introduce five SUV models in India and to use the country as a future export hub. The company also revealed plans for its first electric vehicle (EV) based on the Elevate platform, expected within two to three years.

The senior management of Honda Cars India confirmed at the 2023 Japan Mobility Show that the retooling of its Tapukara, Rajasthan plant for EV production is set to begin in 2024. The plant, which currently has spare capacity, could see further investment and capacity expansion to accommodate new model lines and export volumes.

Honda Cars India President and CEO Takuya Tsumura acknowledged the possibility of expanding capacity and did not rule out the use of a second plant in the future based on volume demands. While no specific investment amount for the new EV and future EVs has been announced, Tsumura confirmed the commitment to electrification and associated investments.

The production capacity increase aims to cater not only to domestic sales but also to the exports of the Elevate and the upcoming EV. The Elevate, like the new EV, is expected to be a global model exported to more markets than the City and Amaze.

Emphasizing India’s global role, Toshio Kuwahara, President and CEO of Asian Honda Motor, highlighted the significance of the Elevate SUV in expanding export volumes from India. The global debut of Elevate in India underscores the country’s importance in Honda’s future plans.

Reports indicate that exports from India may double by 2025, and with the ACE project, the share of overseas volumes from India could constitute about 30-40 per cent of total production. The Honda Elevate, set to launch in Japan in Spring 2024 as WR-V, will be manufactured in India, reflecting the country’s manufacturing capabilities and reinforcing Honda’s vision of making India a key export hub. However, details on export volumes remain undisclosed.

- Advertisement -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

Force Motors Goes Global And Enters EV Market

0
The manufacturer of vans and utility vehicles has hired E&Y to assist with business restructuring and the digital transformation of its entire value chain....

Tessolve Acquires German Chip Firm With ₹4B To Expand Global Reach

0
Ramping up AI, automotive, and data centre chip design to lead the semiconductor race, Hero Electronix subsidiary Tessolve aims to boost its global edge...
Samsung Chip

Samsung Shifts Strategy, Set To Quit LED Business

0
Following disappointing financial results and a loss of market edge, Samsung is exiting the LED business by 2030, shifting its focus to more 'promising'...

Hero MotoCorp To Launch Vida Electric Two-Wheeler In Europe And UK

0
Hero MotoCorp revealed its intention to enter the European and UK markets with its electric vehicle line, Vida, commencing in late 2025. At the...

China Challenges EU Electric Vehicle Tariffs At WTO

0
Last month, the European bloc declared that it would impose import tariffs as high as 35% on Chinese electric vehicles, claiming that these exports...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Force Motors Goes Global And Enters EV Market

0
The manufacturer of vans and utility vehicles has hired E&Y to assist with business restructuring and the digital transformation of its entire value chain....

Tessolve Acquires German Chip Firm With ₹4B To Expand Global Reach

0
Ramping up AI, automotive, and data centre chip design to lead the semiconductor race, Hero Electronix subsidiary Tessolve aims to boost its global edge...
Samsung Chip

Samsung Shifts Strategy, Set To Quit LED Business

0
Following disappointing financial results and a loss of market edge, Samsung is exiting the LED business by 2030, shifting its focus to more 'promising'...

Hero MotoCorp To Launch Vida Electric Two-Wheeler In Europe And UK

0
Hero MotoCorp revealed its intention to enter the European and UK markets with its electric vehicle line, Vida, commencing in late 2025. At the...

China Challenges EU Electric Vehicle Tariffs At WTO

0
Last month, the European bloc declared that it would impose import tariffs as high as 35% on Chinese electric vehicles, claiming that these exports...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...