Honda to invest $3bn in quest to sell 4m electric motorbikes a year

Top two-wheeler maker plans to have 30 e-models by 2030 as Asia demand grows

20231129 honda logo

Honda has raised its sales targets for electric motorbikes as demand picks up in India and Southeast Asia.  © Getty Images

SAYUMI TAKE, Nikkei staff writer

TOKYO -- Honda Motor wants to sell 4 million electric motorbikes a year by 2030 and will invest 500 billion yen ($3.3 billion) by 2030 to rapidly launch new models, the world's top maker of two-wheelers said Wednesday.

Honda said it will build specialized factories and keep prices affordable to meet that goal, which is 500,000 units higher than the target it announced in September last year. The new goal is equivalent to a thirtyfold increase from the 130,000 electric bikes it sold in 2022. Honda aims to have about 30 models by 2030.

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