Honda to drive in over 10 new models by 2030

New Delhi: Japanese auto major Honda has firmed up plans to launch more than 10 models in India, one of three key markets it has identified globally to fuel future growth.

These will include sports utility vehicles with petrol, hybrid, and electric powertrains. The company will drive in its first electric vehicle in the second half of the ongoing financial year. Also on the cards are compact and mid-sized SUVs, which will be manufactured locally, president & CEO said.

“Recently we announced that we will be launching new models under two categories, that is, under 4 metres and the midsize category. Last time, in Japan, we mentioned 10 (models) but currently, we are counting more than 10,” Nakajima said when asked how many new models Honda planned to launch in India by 2030.

In the ongoing fiscal year, Honda Cars India has scheduled for launch a total of six vehicles, including the City hybrid and the SUV ZR-V hybrid. He said the strengthening of the product portfolio marks the beginning of the company’s new phase of accelerated growth in the market. “India is among the top three focus markets to realise Honda’s future growth, which will be driven by a strong pipeline of new products and our efforts to achieve cost competitiveness,” Nakajima said.

He elaborated that this fiscal year is a landmark year with six strategic launches that will “sharpen our competitive edge and reinforce our brand position in the market”.

Honda Motor last week announced that it would start introducing models tailored to the Indian market from 2028 and leverage its two-wheeler business to upgrade customers to passenger vehicles as part of the rebuilding of its automobile business and its future direction. The company has positioned India along with North America and Japan as priority markets for its future growth strategy and decided to strategically allocate its resources to these markets.