Honda Motor Co. is looking to capture half of the world’s market for motorcycles as industrywide sales of two-wheelers, both gas and electric, are tipped to reach 60 million units annually by 2030.

Honda has long been teasing the release of its highly anticipated electric motorcycle line, and eager fans may be riding one model sooner than they think.

Honda Motor Company plans to establish a dedicated electric motorcycle factory in India by 2028. Daiki Mihara, the Head of the Motorcycle and Power Products Electrification Business Unit told the media in Japan.

The Japanese automaker has discussed this plan and other initiatives planned to increase its electric two-wheeler penetration in India during the coming years. The eventual goal is to achieve market leadership in a segment where local players have already strengthened their positions.