Honda Motor Co. is looking to capture half of the world’s market for motorcycles as industrywide sales of two-wheelers, both gas and electric, are tipped to reach 60 million units annually by 2030.

Japanese auto giant Honda has said that it will operationalise a dedicated electric motorcycle production plant in India in 2028.

Honda said it sees the global motorcycle sales reaching 6 crore units from the current 5 crore, including electric vehicles, powered by demand in what it calls the 'global south' region, comprising of India,

Honda's global motorcycle sales are forecast to reach 20.2 million for the fiscal year ending this March, the Japanese company said during a briefing Tuesday

Japanese auto major Honda Motor Japan on Tuesday said that it will begin operating a dedicated electric motorcycle production plant in India by 2028. The plant will produce a wide variety of electric two-wheelers by combining modules that are common for multiple models.

Honda Motor Company plans to establish a dedicated electric motorcycle factory in India by 2028. Daiki Mihara, the Head of the Motorcycle and Power Products Electrification Business Unit told the media in Japan.