Honda 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¡¯s global motorcycle sales are forecast to reach 20.2 million for the fiscal year ending this March, the company said during a briefing Tuesday, which would give it a share of about 40%.
Honda hopes to eventually claim 50% of the market, including electric bikes. Growth will particularly come from a region Honda calls the Global South ¡ª primarily India, Indonesia and the Philippines, as well as Brazil and other countries in South and Central America. It didn¡¯t give a time frame for that aspiration.
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