Honda is aiming to take the largest share in the electric two-wheeler market in India by the end of this decade.

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.

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 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.