Starting next year, Japanese two-wheeler heavyweight Honda will offer electric motorcycles to Indian buyers at prices that are close to the budget segment petrol models, bringing competition to the doors of Hero MotoCorp, Bajaj Auto and TVS Motor Company.
Motorcycle accounts for 65% of the market in the country. However, there has been minimal interest from players in launching electric motorcycles; most have entered the electric two-wheeler space with scooter launches.
Honda is the last of India’s top four brands to foray into the electric vehicle space as Hero, Bajaj and TVS have already entered the market with electric scooters.
