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Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcyclesales of 1 million units within the next five years, and 3.5 million units (approximately 15% of total sales) as of 2030. Commuter EVs. Commuter EMs / EBs. Platform strategy. Battery sharing.
plans to increase its motorcycle production by 30% on the year to 20 million units worldwide by fiscal 2013. In Vietnam, Honda will ramp up its capacity by 50% to 3 million bikes and start making global models with smaller engines there. Total global motorcyclesales totaled about 54.2 million motorbikes in India.
The VinFast VF 8–now on sale in the U.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. Already, BYD buses are common across the US.
Tran Mai Hoa, deputy CEO of Sales and Marketing, VinFast Global, said: “The VF Wild concept encapsulates our mission to make sustainable, high-quality electric vehicles accessible to a broader market. All images: VinFast ALSO READ: EV sales in India charge past 1.5 Will India be among them?
According to a recent report from Rethink Energy, post-Covid pandemic electric 2-wheeler sales are recovering globally. Since 2021, there has been marginal growth in the sector, with a move towards electrification. However, they expect that by 2027, over 100 million electric 2-wheelers will be on the roads globally.
Plus, we also carry Kayo motocrossers & ATV's (China) and Hisun ATV's and side by sides (Vietnam). Sales pushes an aftermarket warranty package by McGraw which is both profitable for the company and the bane of my work existence. McGraw isn't a rip-off, they actually cover the repairs. I lost an entire riding season.
Mr Bhavish said that this factory will manufacture 2 wheeler scooters to start and then manufacture motorcycles and also Electric Cars. Regarding demand, Mr Bhavish said that the 2 wheeler market is under penetrated in India, and countries like Vietnam use more two wheelers per capita than India. Ride electric! Ditch that oil habit!
A deep dive into the last seven calendar-year and fiscal-year wholesales (see data tables below, along with the latest export sales data of leading OEMs for April 2024 and January-April 2024, reveals that things have started looking up on the two-wheeler export front. FY2022 with 4.44 million units and 26% of FY2024’s 3.45 million units.
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