Wednesday, November 20, 2024
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Honda Activa EV is Set to Revolutionize India’s Electric Two-Wheeler Market

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Honda Motorcycle and Scooter India, a subsidiary of Honda Motor Company, is preparing to step into the electric vehicle (EV) sector with plans for the eActiva, which is the electric variant of its bestselling Activa scooter. The Honda Activa EV is scheduled to be launched in the Indian market on November 27, 2024, and will be a revolutionary product for the two-wheeler segment. In India, the EV industry is expanding at a high pace as more people embrace eco-friendly means of transport.

Electric Scooters Market Size 2024 to 2032

According to the Precedence Research report on the electric scooters market size was valued at USD 40.92 billion in 2024 and is predicted to surpass around USD 88.75 billion by 2032, growing at a solid CAGR of 57.3% from 2024 to 2032.

Electric Scooters Market Size 2023 to 2032

The eActiva is designed to meet the diverse needs of Indian consumers, from eco-friendly riders to more practical daily commuters who would prefer an affordable and efficient mode of transport. In addition, though officials have not confirmed the actual figure, the eActiva is likely to be priced at around ₹1 lakh, enabling it to compete effectively with most of its major rival brands, such as Bajaj Chetak, TVS iQube, and Ather 450X.

For ages, the two-wheeler segment in India has made Honda Activa the best-known model among the 110cc internal combustion engine (ICE) scooters due to its durability, user-friendliness, and versatile appeal. The eActiva is designed with advanced features and performance that customers usually expect. According to Honda’s plans, the distance that an eActiva would be able to cover on a full charge will be around 100 kilometers, like ranges provided by other players in the market.

The eActiva will combine ease of use, new-age technology, and comfort to serve urban commuters. Some of the main highlights are expected to be LED Headlights and Taillights for better look and visibility, spacious seating for comfortable riding, and a modern-day digital dashboard to show important information in a single look. Over-the-air (OTA) update services are also expected to be used by Honda to allow users to get upgrades and modifications without taking their vehicles to licensed service providers. Thee integrated Tire Pressure Monitoring System (TPMS) support would bring additional safety and convenience during rides.

The company plans to manufacture eActiva at its facility in Karnataka or Gujarat, further strengthening Honda’s promise of supporting the Indian government’s “Make in India” initiative. By making the electric scooter locally, Honda intends to minimize costs without compromising on their quality standards. Local manufacturing will also enable a relatively easy supply chain and reduce the delivery periods of customers in India.

It is important to note that pricing is critical to eActiva’s market positioning. While the projected cost is close to ₹1 lakh, suggesting a premium of nearly 30% over its equivalent ICE model, this increase charges the sophistication of the technology and the advantages of possessing an electric scooter. Lower running costs, plus the likely occurrence of government incentives or subsidies on EVs, would mean that the eActiva has the potential to bring value for money and savings in the long run to its users.

Honda’s entry into the EV market with the eActiva is a strategic endeavor that truly demonstrates the firm’s ambition of environmentally conscious and progressive modes of transport. As one of the most notable scooter brands in India, the launch of eActiva is expected to draw significant attention and may speed up the growth of the electric two-wheeler motorcycles segment.

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Mahima
mahima@towardsevsolutions.com | Website | + posts

Meet Mahima, a voice you’ll want to follow in the electric vehicle (EV) industry. With a rich background in journalism and mass media, Mahima doesn’t just report the facts; she tells the story behind the revolution. Her expertise of over four years in writing positions her uniquely as someone who knows how to engage, inform, and inspire her audience. Whether she’s diving into the latest EV technologies or exploring the future of sustainable mobility, Mahima delivers insights that go beyond the surface, making her work a must-read for enthusiasts, professionals, and curious readers alike.

In every article, blog, or feature, she brings a human touch to the world of electric vehicles. She weaves narratives that highlight how the shift toward electrification is transforming economies, reshaping consumer preferences, and pushing the boundaries of innovation. Her sharp analytical skills allow her to see connections others might miss, offering fresh perspectives on trends that are shaping the automotive landscape.

Mahima

Meet Mahima, a voice you’ll want to follow in the electric vehicle (EV) industry. With a rich background in journalism and mass media, Mahima doesn’t just report the facts; she tells the story behind the revolution. Her expertise of over four years in writing positions her uniquely as someone who knows how to engage, inform, and inspire her audience. Whether she’s diving into the latest EV technologies or exploring the future of sustainable mobility, Mahima delivers insights that go beyond the surface, making her work a must-read for enthusiasts, professionals, and curious readers alike. In every article, blog, or feature, she brings a human touch to the world of electric vehicles. She weaves narratives that highlight how the shift toward electrification is transforming economies, reshaping consumer preferences, and pushing the boundaries of innovation. Her sharp analytical skills allow her to see connections others might miss, offering fresh perspectives on trends that are shaping the automotive landscape.