Honda Cars India Ltd (HCIL) is gearing up for an important move towards electric mobility, confirming the retooling of its Tapukara facility in Rajasthan, which will begin in 2024. Tapukara, Honda’s sole operating facility in India, will serve as the worldwide manufacturing hub for the brand’s electric SUV based on the Honda Elevate, which is scheduled to go on sale in 2025. Takuya Tsumura, President and CEO of HCIL, suggests a 35% growth objective by year’s end and continuous annual releases.
The anticipated Honda EV for India will be the company’s foray into the electric vehicle market. Tapukara now manufactures models such as the Amaze, City, and Elevate, in addition to the new EV. Honda has not announced specific investment estimates, but the company is dedicated to advancing its electrification ambitions, with intentions to debut a BEV within the next three years. Tapukara’s increased production capacity seeks to serve both domestic and foreign markets, with exports of the Elevate and the forthcoming EV anticipated. HCIL also intends to introduce worldwide models as low-volume Completely Built-Up (CBU) imports, while particular models for CBU imports are still being considered.
Honda India’s decision to retool its Tapukara facility for EV manufacturing represents an important turning point in the company’s electric journey. The increase in production capacity is deliberately intended to cater to both domestic and foreign markets, with Elevate and EV exports on the horizon. Honda is on track to make steady progress in the Indian market, with a 35% growth target by year’s end and yearly releases scheduled. The corporation’s investment in electric technologies demonstrates its commitment to electrification. The transition to electric cars corresponds with worldwide trends and customer demand for environmentally friendly mobility, establishing Honda India as a key participant in the changing automotive scene.