During its Global Business Briefing, Honda announced it sold 20.57 million motorcycles for the financial year ending March, 2025. Setting an all time fiscal record for sales in 37 countries and territories, Honda says this accounts for 40% sales volume of the world market.
Recognising demand from the Global South, a geographic demarcation including India which is currently the world’s largest motorcycle market, Honda expects sales to reach 60 million units by 2030. To achieve this, Honda will focus on the electrification of its motorcycle products while improving the fuel economy of its ICE models.
Honda will be tailoring two-wheeler products to meet specific market demands to make them more affordable, and also optimising its supply system. Additionally, Honda will be expanding its lineup of flex-fuel compatible models intended for specific markets.
In early 2025, Honda began sales of Active e: and QC1 electric scooters in the India market, followed by the CUV e: and ICON e as global electric commuter models. The CUV e: and ICON e first went on sale in Indonesia, followed by Vietnam, Thailand and the Philippines, with the CUV e: scheduled to go on sale in Europe and Japan this year.
Aiming to be number one in market share for electric motorcycles, Honda will modularise models developed exclusively as electric motorcycles and begin production at dedicated electric production plant in India, expected to come online in 2028.
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