Honda eyes 30% share in Indian two-wheeler market, sees potential to grow sales among women
Honda
is targeting a 30 % 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.
Explore courses from Top Institutes in
Select a Course Category
Finance
Leadership
Project Management
healthcare
Management
Cybersecurity
Healthcare
Design Thinking
Others
Artificial Intelligence
Data Science
Data Science
Data Analytics
CXO
Technology
others
Degree
Operations Management
MBA
Public Policy
Product Management
MCA
PGDM
Digital Marketing
Skills you'll gain:
Duration:
9 Months
IIM Calcutta
SEPO - IIMC CFO India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
7 Months
S P Jain Institute of Management and Research
CERT-SPJIMR Fintech & Blockchain India
Starts on
undefined
Get Details
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.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
"Considering the Indian market size, we want to achieve 30 % 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 % of global two-wheeler sales.
Currently, he said HMSI has a 27 %
market share
in the Indian market.
Live Events
Otani said that already in the ASEAN region, Honda has over 80 % 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 % 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 %. 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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
30 minutes ago
- Time of India
What happened to UAE's Iceberg Project? The ambitious plan to haul a colossal Antarctic iceberg to the coast of Fujairah
The UAE Iceberg Project planned to tow a massive Antarctic iceberg 6,480 nautical miles to Fujairah but faced major challenges and remains unfulfilled/ Representative Image In a region where rain is rare and water more precious than oil, the United Arab Emirates once had its sights set on an audacious engineering marvel: towing a gigantic Antarctic iceberg to its sun-baked coast to quench thirst, summon clouds, and maybe even reshape climate patterns. But as of 2025, the only glacier ice that has made it to Dubai is not floating off the coast but chilling highball glasses in rooftop bars, courtesy of a boutique Greenland startup. The UAE Iceberg Project : Cold Ambitions in a Hot Desert Launched in 2017 by the National Advisor Bureau Limited, a private Abu Dhabi-based company, the UAE Iceberg Project sought to tow a massive tabular iceberg, measuring roughly 2 kilometers long by 500 meters wide, from Antarctica to Fujairah, a coastal emirate on the Gulf of Oman. 3D concept of the iceberg stationed roughly 3 kilometers off the coast of Fujairah for harvesting/ Image: National Advisor Bureau Ltd. The logic, according to Abdulla Alshehi, the firm's managing director and the project's chief architect, was straightforward: an average iceberg holds over 20 billion gallons of fresh water, enough to supply 1 million people for five years. 'This is the purest water in the world,' he told Gulf News in 2017. And the UAE, consuming 15% of the world's desalinated water and facing depleting groundwater within 15 years, was in no position to ignore unconventional ideas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Premium 1 BHK at Mahindra Citadel – Coming Soon! Mahindra Citadel Enquire Now Undo The iceberg, selected via satellite near Heard Island in the Southern Ocean, would undertake a 12,000-kilometer (≈6,480 nautical miles), 10-month journey across the Southern, Indian, and Arabian Seas to reach the coast of Fujairah in the UAE. Towed by large ocean-going vessels, it would travel northward through the Indian Ocean before entering the Gulf of Oman. Upon arrival, it would be stationed roughly 3 kilometers off Fujairah's coast. Harvesting would begin immediately, with the aim of extracting potable water within two to three months before significant melting occurs. Computer simulations commissioned by the company projected that up to 30% of the iceberg's mass could be lost during the journey, a challenge the team hopes to mitigate by timing its arrival during the UAE's winter season, when sea temperatures are lower and melting would slow. To prevent breakup during the long journey, Alshehi's firm developed a patent-pending metal belt, a kind of reinforced corset designed to hold the iceberg intact against wave stress and temperature gradients. In 2020, the UK Intellectual Property Office granted Alshehi a patent for his invention, called the "Iceberg Reservoirs" system. The patent was promoted as a credibility boost to attract investment and reinforce the project's technical feasibility. In 2020, the UAE Iceberg Project's 'Iceberg Reservoirs' system was patented by the UK Intellectual Property Office/ Image: National Advisor Bureau Limited A pilot project, costed between $60–80 million, was announced for 2019. A smaller iceberg was to be towed to Cape Town or Perth as proof of concept. The full UAE project carried a price tag of $100–150 million. Despite a splashy website launch ( promises of scientific panels, and a vision of global humanitarian water relief, no trial was ever confirmed to have taken place. As of 2025, there's been no operational progress, no updated logistics, and no official cancellation, just prolonged silence. The Rainmaker Fantasy What made the proposal especially memorable was its near-mystical secondary goal: climate engineering. Alshehi claimed that the presence of a colossal iceberg floating off the UAE coast could induce localized weather changes. 'Cold air gushing from an iceberg close to the Arabian Sea would cause a trough and rainstorms,' he told local media. The iceberg, he argued, could 'create a vortex' that would attract clouds from across the region, generating year-round rain for the desert interior. This, he claimed, could help reverse desertification and transform arid landscapes into lush, green areas, with benefits for agriculture, biodiversity, and the broader ecosystem. Meteorologists weren't sold. While some acknowledged localized effects, like minor cloud formation due to temperature differentials, experts like Linda Lam from said sustained, regional rainstorms were unlikely due to the complex nature of atmospheric dynamics. Water Crisis and the Case for Desperation The UAE's acute water issues form the bedrock of the project's rationale. The country experiences a paltry 120 millimeters of rainfall annually, and according to a 2015 Associated Press report, its groundwater could be fully depleted within 15 years. Meanwhile, the Gulf states have among the highest water usage rates in the world: around 500 liters per person per day. Desalination, though critical, is energy-intensive, costly, and environmentally damaging. Alshehi warned of desalination plants pumping concentrated brine back into the Gulf, increasing salinity and harming marine life. His iceberg initiative, he claimed, would be not only cheaper in the long run but eco-friendlier, despite concerns about dragging a 100,000-year-old ice mass across the globe. He asserted that environmental impact assessments had been conducted, and results suggested minimal disruption to ecosystems,though no independent third-party review was ever published. Ice, Reimagined: A Greenland Startup Finds the Sweet Spot While Alshehi's Antarctic ambitions appear stalled in bureaucratic limbo, a smaller, scrappier company in Greenland has quietly realized a modest version of his vision,not as a humanitarian water source, but as luxury indulgence. Founded in 2022 by Greenlandic entrepreneurs, Arctic Ice ships ice harvested from Greenland's fjords to high-end bars and restaurants in Dubai. Their first commercial shipment, around 22 metric tonnes, arrived recently, offering the 'cleanest H₂O on Earth' to be shaved into ice cubes for cocktails, ice baths, and facial massages in Dubai's spas. Arctic Ice harvests ancient glacier fragments from Greenland's fjords, tests them, and ships purified chunks to Dubai for luxury use/ Image: Arctic Ice The process is artisanal: Using a crane-equipped boat, workers collect naturally calved icebergs from the Nuup Kangerlua fjord near Nuuk. Only the clearest, bubble-free ice, locally known as 'black ice,' is selected. These are believed to be over 100,000 years old, having never touched soil or contaminants. Each chunk is cut with sanitized chainsaws, stored in food-grade insulated crates, and sampled for lab analysis to screen for ancient microorganisms or harmful bacteria. The ice is shipped via refrigerated containers aboard cargo ships already returning empty from Greenland, minimizing additional emissions. The second leg, from Denmark to Dubai, completes the frozen supply chain. Despite the company's carbon-neutral commitment, backlash has been fierce. Critics online lambast the concept as 'climate dystopia,' arguing that glacial ice should not be commodified, especially given the accelerating melt of the Greenland Ice Sheet. Co-founder Malik V. Rasmussen says some messages have verged on death threats. Still, Arctic Ice insists it is creating economic opportunity for a financially dependent Greenland, where 55% of the budget is subsidized by Denmark. 'We make all our money from fish and tourism,' Rasmussen said. 'I've always wanted to find something else we can profit from.' The Fine Line Between Innovation and Spectacle Both projects,the giant iceberg tow from Antarctica and the boutique glacier cubes from Greenland, highlight a pressing tension: how far will humanity go to secure water, and at what cost? Alshehi's vision is bold but fraught with logistical and ethical challenges. Icebergs aren't endlessly renewable, and towing them across hemispheres feels more sci-fi than sustainable. Arctic Ice's venture, meanwhile, has found a controversial niche,combining novelty, luxury, and symbolism. In a time of climate anxiety, it offers an icy illusion of control, frozen fragments of a melting world, crafted into cocktail spheres. Whether climate solution or spectacle, these ideas raise key questions: Who owns natural ice? Can it be harvested responsibly? And as water scarcity grows, how do we balance local needs with global care? For now, the UAE's giant iceberg remains a dream deferred, and Dubai's cocktails are as cold as ever, just sourced from a little farther north, and in smaller, sparkling doses.
&w=3840&q=100)
Business Standard
34 minutes ago
- Business Standard
New IRDAI chairman, private banks' retail loan growth, hiring at major commercial banks & more
The Centre has appointed Ajay Seth, recently retired finance secretary, as the new chairman of the Insurance Regulatory and Development Authority of India, 4 months after the position was left vacant. He'll serve for 3 years or until he turns 65, whichever comes first. Retail loan growth at private banks slowed down in Q1 of FY26, with the top 5 lenders showing single-digit growth. Hiring at major commercial banks dropped in FY25 due to slower retail business growth, fewer new branches, and improved attrition rates thanks to better employee engagement. SBI is aiming high. It wants to be among the world's top 10 banks by market value in the next five years, said chairman CS Setty after its latest Qualified Institutional Placement share listing on the NSE. India's net FDI saw a major dip in May 2025, down 98% to just $40 million, mainly due to higher repatriation and more outward investments by Indian firms.
Time of India
35 minutes ago
- Time of India
MPIDC receives proposals for new pvt logistics parks
Indore: Pithampur industrial hub near Indore, is set to significantly boost its logistics infrastructure with the Madhya Pradesh Industrial Development Corporation (MPIDC) receiving proposals for new private logistics parks. This development comes as the region continues to attract major investment in its rapidly expanding industrial and logistics sectors. According to MPIDC executive director Himanshu Prajapati, prominent investors, including Gateway Distriparks and the Dubai-based Sharaf Group, expressed keen interest in developing logistics parks in the area. Both entities specifically requested approximately 40 acres of land each in proximity to the upcoming Indore-Dhar Railway line, signalling a strategic focus on multimodal connectivity. "These are the first private logistic park proposals received by MPIDC that presently are in the initial stage. The lands will be allotted to the private firms on lease while we will, as per the policy, also offer them incentives and other assistance as required," he said. The Executive Director added that these proposed private logistics parks will complement the existing and upcoming logistics infrastructure in Pithampur. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Prettiest Icons In The History The Noodle Box Undo Notably, a large-scale Multi-Modal Logistics Park (MMLP) is already under development near Sector 6 of Pithampur. This MMLP is being established with a substantial investment of around Rs 1,110 crore across an area of approximately 250 acres, promising to be a cornerstone of the region's logistics capabilities. "The combined development of these private logistics parks and the state-led MMLP is expected to provide a significant boost to the logistics sector in the wider Indore region, enhancing connectivity, reducing transportation costs, and attracting further industrial growth," he said, adding that the strategic location, coupled with improved rail connectivity from the Indore-Dhar line, positions Pithampur as a crucial logistics gateway for Central India.
