HMSI enters into the electric two-wheeler market
ECONOMY & POLICY

HMSI enters into the electric two-wheeler market

Honda Motorcycle & Scooter India (HMSI) has announced its entry into the electric two-wheeler market, unveiling two scooter models, the Activa e and QC1. These models were presented, though their pricing remains undisclosed. The Activa e features swappable battery technology, while the QC1 comes with a fixed battery setup. Both scooters are built on a scalable platform and will be manufactured at HMSI's Narasapura plant in Karnataka, with an initial production target of 1 lakh units in the first year. Bookings for these models will open in January 2025, with deliveries starting in February.

Electric two-wheeler penetration in India is currently around 6%. From January to October 2024, the segment saw over 9.54 lakh units sold, marking a 30% year-on-year growth. HMSI’s scooters will compete with established brands like Ola Electric, TVS Motor, and Bajaj Auto. HMSI plans to maintain a competitive pricing strategy without relying on government subsidies, aiming to attract urban users and car owners seeking a secondary vehicle for short commutes.

The Activa e is powered by two swappable 1.5kWh Honda Mobile Power Pack e batteries, offering a claimed range of 102 km on a full charge. Users will subscribe to a battery-as-a-service (BaaS) model, as the scooter does not come with home charging options. It includes three riding modes—Econ, Standard, and Sport—but offers limited boot space. HMSI acknowledged its delayed entry into the EV market but noted that the segment remains in its early stages, making it a strategic time for investment. The company emphasised its commitment to building a comprehensive EV ecosystem and leveraging its brand trust to address existing customer pain points.

Currently, HMSI has no plans to export these models, citing the need for region-specific designs. Globally, Honda aims to launch 30 electric models by 2030, targeting 4 million electric two-wheeler sales. Some of these models may enter the Indian market, tailored to local consumer preferences.

While HMSI does not plan to venture into electric motorcycles in India due to market challenges, it views the Activa e as a stepping stone toward solidifying its position in the rapidly growing Indian EV sector.

Honda Motorcycle & Scooter India (HMSI) has announced its entry into the electric two-wheeler market, unveiling two scooter models, the Activa e and QC1. These models were presented, though their pricing remains undisclosed. The Activa e features swappable battery technology, while the QC1 comes with a fixed battery setup. Both scooters are built on a scalable platform and will be manufactured at HMSI's Narasapura plant in Karnataka, with an initial production target of 1 lakh units in the first year. Bookings for these models will open in January 2025, with deliveries starting in February. Electric two-wheeler penetration in India is currently around 6%. From January to October 2024, the segment saw over 9.54 lakh units sold, marking a 30% year-on-year growth. HMSI’s scooters will compete with established brands like Ola Electric, TVS Motor, and Bajaj Auto. HMSI plans to maintain a competitive pricing strategy without relying on government subsidies, aiming to attract urban users and car owners seeking a secondary vehicle for short commutes. The Activa e is powered by two swappable 1.5kWh Honda Mobile Power Pack e batteries, offering a claimed range of 102 km on a full charge. Users will subscribe to a battery-as-a-service (BaaS) model, as the scooter does not come with home charging options. It includes three riding modes—Econ, Standard, and Sport—but offers limited boot space. HMSI acknowledged its delayed entry into the EV market but noted that the segment remains in its early stages, making it a strategic time for investment. The company emphasised its commitment to building a comprehensive EV ecosystem and leveraging its brand trust to address existing customer pain points. Currently, HMSI has no plans to export these models, citing the need for region-specific designs. Globally, Honda aims to launch 30 electric models by 2030, targeting 4 million electric two-wheeler sales. Some of these models may enter the Indian market, tailored to local consumer preferences. While HMSI does not plan to venture into electric motorcycles in India due to market challenges, it views the Activa e as a stepping stone toward solidifying its position in the rapidly growing Indian EV sector.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement