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Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 Honda has been offering the Honda e: Business Bike series models and accelerating the global launch of business-use electric motorcycles.
In addition to the vehicle VinFast produces 4 different models of electric scooters to meet the growing needs of Vietnam’s population, ranging from smaller, more affordable Feliz S scooter up to the larger, more powerful Theon S.
VinFast VinFast is a Vietnam-based company that was established in 2017 by Vingroup. In the few years they have been in production, they have successfully conquered the Vietnam EV market with a range of electric cars and scooters. Now, they plan to sell to markets abroad, already launching dealerships in the US and Germany.
The larger the scale, the more affordable EV’s can be and OLA has left no stone unturned when it comes to the EV push. Mr Bhavish said that this factory will manufacture 2 wheeler scooters to start and then manufacture motorcycles and also Electric Cars. It’s all about scale guys.
The rate of decline has slowed down and it shouldn’t be long before exports of scooters, motorcycles and mopeds are finally back on growth road. If the same pace of growth is maintained or exceeded, it can be surmised that exports of made-in-India scooters, motorcycles and mopeds will notch growth in CY2024 and for fiscal year 2025.
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