
Nissan considers Foxconn EV output to save Oppama from closure, Nikkei says
is in discussions with Taiwan's Foxconn about a collaboration in
electric vehicles
that could save its
Oppama plant
in
Japan
from closure, the
Nikkei
business daily reported on Sunday, citing an unidentified Nissan source.
Nissan's
Oppama
plant, which employs about 3,900 workers, has been a potential consolidation target in the struggling Japanese carmaker's restructuring plans, but the floated idea of producing Foxconn-brand
EVs
at its idle assembly lines could preserve the
jobs
and supplier networks, Nikkei said.
by Taboola
by Taboola
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Time of India
3 hours ago
- Time of India
Honda eyes 30% share in Indian two-wheeler market, sees potential to grow sales among women
Japanese auto major Honda is targeting a 30 per cent share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company's arm in India. The company's arm, Honda Motorcycle & Scooter India (HMSI), sees huge potential to grow sales among female customers, who currently account for just about 10 % of the overall industry sales, HMSI President Tsutsumu Otani told PTI in an interview. He also said that while the company sees a shift from internal combustion engine ( ICE ) to electric vehicles in the two-wheeler segment in the long term, bottlenecks around charging infrastructure and electricity supplies are major impediments at present. "Considering the Indian market size, we want to achieve 30 per cent share in India by 2030," Otani said when asked about the significance of the Indian market in Honda's overall long-term goal to garner 50 per cent of global two-wheeler sales. Currently, he said HMSI has a 27 per cent market share in the Indian market. Otani said that already in the ASEAN region, Honda has over 80 per cent market share. Earlier in January this year, Honda Motor Co announced that the industry-wide global motorcycle (two-wheeler) sales, currently at a scale of 50 million units, are projected to grow to 60 million units by 2030, including electric vehicles. The company has set "a long-term target" for itself to capture a 50 per cent share of the global motorcycle market, including electric motorcycles. According to the Federation of Automobile Dealers Associations (FADA), the total two-wheeler retail sales in India stood at 1,88,77,812 units in FY25 compared to 1,75,27,115 units in FY24. HMSI's retail sales in FY25 were 47,89,283 units against 40,93,895 units in FY24. It was the number two player after Hero MotoCorp, which clocked 54,45,251 units in FY25 and 53,97,315 units in FY24. Otani noted that Honda sees huge potential to tap female customers to increase its two-wheeler sales in India with increasing women empowerment and many of them entering the workforce. "In India, the overall two-wheeler usage is mostly male, with 90 %, and females just around 10 per cent. It means the potential for two-wheeler sales to grow among the female customers is huge," he said. When asked about the company's product pipeline programme for the Indian market to achieve the 2030 target, Otani declined to comment, but asserted that, being a global company, Honda has a range of products in its portfolio, which can be considered for India. Otani said the company will consider a wide range of technologies, including EVs and flex fuels, for the Indian market, considering the different consumer demands in different parts of the country. Honda had stated that it plans to introduce 30 electric models globally by 2030 to achieve the goal of increasing its global annual sales of electric motorcycle models to 4 million units by 2030. The company had also said it would strive to capture the largest market share in the electric two-wheeler segment in India, where it will begin operating a dedicated electric two-wheeler production plant in 2028. When asked if the company has finalised the location of the EV-only plant and investments for it, Otani said it has not been decided as yet. He said in the long term, the shift from ICE to electric vehicles will happen in India, but at present, the bottlenecks around charging infrastructure and electricity supplies are major impediments.


Time of India
4 hours ago
- Time of India
EV push: Honda eyes 30% share in Indian two-wheeler market by 2030; sees big potential among female buyers
Representative image (AP) Japanese auto major Honda is aiming to capture a 30 per cent share in India's two-wheeler market by 2030 as part of its broader global strategy to command half of global two-wheeler sales, said Tsutsumu Otani, President of Honda Motorcycle & Scooter India (HMSI). "Considering the Indian market size, we want to achieve 30 per cent share in India by 2030," Otani was quoted as saying by news agency PTI, underlining the country's critical role in the company's long-term growth blueprint. HMSI currently holds a 27 per cent share in India's two-wheeler segment. Honda sees India as a key growth engine, particularly in the context of female consumers, who account for only around 10 per cent of total two-wheeler sales. Otani said, 'In India, the overall two-wheeler usage is mostly male, with 90 per cent, and females just around 10 per cent. It means the potential for two-wheeler sales to grow among the female customers is huge.' While the company is optimistic about the eventual transition from internal combustion engine (ICE) vehicles to electric two-wheelers in India, Otani flagged infrastructure as a challenge. 'In the long term, the shift will happen, but currently, bottlenecks around charging infrastructure and electricity supplies are major impediments,' he stated. Globally, Honda aims to increase motorcycle sales from 50 million units to 60 million units by 2030, including electric models. The company plans to introduce 30 electric models by 2030, targeting annual sales of 4 million electric units worldwide. It also aims to secure the largest market share in India's electric two-wheeler segment and is planning to set up a dedicated EV production plant in the country by 2028. However, Otani clarified that the location and investment details for the facility are yet to be finalised. As per PTI, HMSI sold 47,89,283 units in FY25, up from 40,93,895 in FY24. It remains the second-largest player after Hero MotoCorp, which sold over 54 lakh units last fiscal. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Business Standard
4 hours ago
- Business Standard
Honda eyes 30% share in Indian 2W market, targets more women buyers
Japanese auto major Honda is targeting a 30 per cent share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company's arm in India. The company's arm, Honda Motorcycle & Scooter India (HMSI), sees huge potential to grow sales among female customers, who currently account for just about 10 per cent of the overall industry sales, HMSI President Tsutsumu Otani told PTI in an interview. He also said that while the company sees a shift from internal combustion engine (ICE) to electric vehicles in the two-wheeler segment in the long term, bottlenecks around charging infrastructure and electricity supplies are major impediments at present. "Considering the Indian market size, we want to achieve 30 per cent share in India by 2030," Otani said when asked about the significance of the Indian market in Honda's overall long-term goal to garner 50 per cent of global two-wheeler sales. Currently, he said HMSI has a 27 per cent market share in the Indian market. Otani said that already in the ASEAN region, Honda has over 80 per cent market share. Earlier in January this year, Honda Motor Co announced that the industry-wide global motorcycle (two-wheeler) sales, currently at a scale of 50 million units, are projected to grow to 60 million units by 2030, including electric vehicles. The company has set "a long-term target" for itself to capture a 50 per cent share of the global motorcycle market, including electric motorcycles. According to the Federation of Automobile Dealers Associations (FADA), the total two-wheeler retail sales in India stood at 1,88,77,812 units in FY25 compared to 1,75,27,115 units in FY24. HMSI's retail sales in FY25 were 47,89,283 units against 40,93,895 units in FY24. It was the number two player after Hero MotoCorp, which clocked 54,45,251 units in FY25 and 53,97,315 units in FY24. Otani noted that Honda sees huge potential to tap female customers to increase its two-wheeler sales in India with increasing women empowerment and many of them entering the workforce. "In India, the overall two-wheeler usage is mostly male, with 90 per cent, and females just around 10 per cent. It means the potential for two-wheeler sales to grow among the female customers is huge," he said. When asked about the company's product pipeline programme for the Indian market to achieve the 2030 target, Otani declined to comment, but asserted that, being a global company, Honda has a range of products in its portfolio, which can be considered for India. Otani said the company will consider a wide range of technologies, including EVs and flex fuels, for the Indian market, considering the different consumer demands in different parts of the country. Honda had stated that it plans to introduce 30 electric models globally by 2030 to achieve the goal of increasing its global annual sales of electric motorcycle models to 4 million units by 2030. The company had also said it would strive to capture the largest market share in the electric two-wheeler segment in India, where it will begin operating a dedicated electric two-wheeler production plant in 2028. When asked if the company has finalised the location of the EV-only plant and investments for it, Otani said it has not been decided as yet. He said in the long term, the shift from ICE to electric vehicles will happen in India, but at present, the bottlenecks around charging infrastructure and electricity supplies are major impediments. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)