Honda kicks off feasibility study for all-EVs
Honda Cars India has initiated a feasibility study on launching all-electric vehicles in the local market, as the automaker aims to move two-thirds of its portfolio to electrified vehicles by the end of the decade.Having received encouraging response for its hybrid City sedan, chief executive Takuya Tsumaru said the Indian unit of Toyota Motor was accelerating the launch of its cleaner vehicles in India. The feasibility study for all-electric vehicles, as well as flex-fuel options, is part of this effort, apart from seeking higher allocation of hybrids from the Japanese parent for the next financial year."Honda is also preparing (an EV) for launch in the future. We are studying about that. Anyway, it is good that Tata, Mahindra and other brands are now making it (EVs) more popular," Tsumaru told ET. "On the other side, you have seen the regulators'' position. They have a GST of 5% for EVs, 45% for normal passenger vehicles and 43% for hybrid," he added.While electrification of automobiles is picking up pace, the company believes that "strong hybrids" are currently the best bet for India as they are practical and worry-free given the state of charging infrastructure, the new head of Honda Cars India said."They offer better fuel economy and lesser emissions as compared to regular models.
Honda kicks off feasibility study for all-EVs
Honda Cars India has initiated a feasibility study on launching all-electric vehicles in the local market, as the automaker aims to move two-thirds of its portfolio to electrified vehicles by the end of the decade.Having received encouraging response for its hybrid City sedan, chief executive Takuya Tsumaru said the Indian unit of Toyota Motor was accelerating the launch of its cleaner vehicles in India. The feasibility study for all-electric vehicles, as well as flex-fuel options, is part of this effort, apart from seeking higher allocation of hybrids from the Japanese parent for the next financial year."Honda is also preparing (an EV) for launch in the future. We are studying about that. Anyway, it is good that Tata, Mahindra and other brands are now making it (EVs) more popular," Tsumaru told ET. "On the other side, you have seen the regulators'' position. They have a GST of 5% for EVs, 45% for normal passenger vehicles and 43% for hybrid," he added.While electrification of automobiles is picking up pace, the company believes that "strong hybrids" are currently the best bet for India as they are practical and worry-free given the state of charging infrastructure, the new head of Honda Cars India said."They offer better fuel economy and lesser emissions as compared to regular models.