Honda sets its sights on 50% share of world motorcycle market


TOKYO: 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’s global motorcycle sales are forecast to reach 20.2 million for the fiscal year ending this March, the Japanese company said during a briefing Tuesday (Jan 28), which would give it a share of about 40 per cent.

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