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Honda Motorcycle & Scooter India (HMSI) expects to gain a clearer understanding of India’s used electric two-wheeler market over the next three years as it examines resale values, battery health and long-term ownership patterns. Once the company is sufficiently satisfied with the data it has collated, will it adopt a different – perhaps more aggressive – approach to the EV segment, unlike now when it is treading relatively more cautiously?HMSI wants to address residual value concerns among EVsIt is studying the market before adopting a more aggressive approachBattery health is one of the key parameters Honda is focusing onCompany says second-hand EV market could potentially support continued EV growthCEO believes that, like today’s smartphones, EVs will also need a reliable indicator of overall healthHonda is studying how customers respond to electric two-wheelers after several years of use, particularly as the first generation of vehicles enters the pre-owned market. The assessment includes battery replacement requirements and the value of electric vehicles over their operating lives.In an exclusive interaction with our sister concern Autocar Professional, HMSI president, MD and CEO Tsutsumu Otani said, “We are analysing how to address residual value and how to maintain vehicle value over time. This is a key issue, not just launching new models.”Asked about the timeline for assessing the used EV market before Honda considers a more aggressive approach towards electric two-wheelers in India, Otani said, “Perhaps within the next three years we will have a clearer understanding.”He noted that the first wave of electric vehicles entered the market around five years ago, in 2021, and that Honda was beginning to observe how customers responded to used EVs.Otani said motorcycle customers have historically expected to use their vehicles for more than ten years, while electric vehicles bring additional considerations related to battery replacement and residual value.“We would like to study how the second-hand EV market develops because it could support continued EV growth,” he said. Honda is studying customer reactions after purchasing EVs, including how the second-hand market develops as more vehicles complete their initial ownership periods.Otani confirmed that battery condition assessment forms part of Honda’s work on the used EV market, particularly as electric two-wheelers begin changing ownership. “Much like smartphones now provide battery-health indicators, EVs will also require reliable methods of evaluating battery condition.” He added that Honda was studying how similar customer behaviour could develop in the electric vehicle market. Battery condition and the acceptance of used vehicles are among the areas being looked into.Honda’s assessment comes as the company augments its electric two-wheeler portfolio in India. HMSI has introduced the Activa e:, QC1 and QC3, the last of which was launched in September 2026 at Rs 1.35 lakh (ex-showroom). The QC3’s initial rollout covers five cities, and Otani confirmed that additional electric products are under consideration, without specifying their names, numbers or launch timelines. He added that Honda had more products under consideration, although customer requirements would determine which solutions were suitable.On the company’s battery-swapping business, Otani said Honda was examining customer requirements across both business-to-business and private ownership segments. He said, “For B2B customers, battery swapping can be useful because there is no need to wait for charging, which can reduce working-time loss for professional users.”For private customers, Otani pointed to battery subscriptions as another ownership arrangement. Under this model, the battery remains the service provider’s asset rather than the customer’s, allowing buyers to avoid direct battery ownership. He said the arrangement could appeal to customers concerned about battery ownership risks and residual values.Asked about the response to Honda’s electric scooters, Otani said adoption was growing gradually, including among delivery and professional users. He said battery swapping offered greater benefits to these customers because of their usage requirements.Otani also discussed the potential differences in EV adoption across Indian markets. He said it could accelerate in large cities and urban centres, while biofuels and other energy sources might see greater acceptance in smaller cities and rural areas. Government objectives, infrastructure availability and regional requirements would influence the country’s future energy mix, he added.All of this comes even as Honda still has a microscopic share of the Indian two-wheeler market compared to its peers. As per VAHAN data for July, TVS led the market with 55,892 registrations, followed by Bajaj with 45,910, Ather with 30,704 and Vida (Hero) with 23,003. In the same month, HMSI recorded a paltry 940 electric two-wheeler registrations, accounting for just 0.5 percent of the segment’s 2.06 lakh volume.With inputs from Mukul Yudhveer Singh
Honda Motorcycle & Scooter India (HMSI) expects to gain a clearer understanding of India’s used electric two-wheeler market over the next three years as it examines resale values, battery health and long-term ownership patterns. Once the company is sufficiently satisfied with the data it has collated, will it adopt a different – perhaps more aggressive – approach to the EV segment, unlike now when it is treading relatively more cautiously?
Honda is studying how customers respond to electric two-wheelers after several years of use, particularly as the first generation of vehicles enters the pre-owned market. The assessment includes battery replacement requirements and the value of electric vehicles over their operating lives.
In an exclusive interaction with our sister concern Autocar Professional, HMSI president, MD and CEO Tsutsumu Otani said, “We are analysing how to address residual value and how to maintain vehicle value over time. This is a key issue, not just launching new models.”
Asked about the timeline for assessing the used EV market before Honda considers a more aggressive approach towards electric two-wheelers in India, Otani said, “Perhaps within the next three years we will have a clearer understanding.”
He noted that the first wave of electric vehicles entered the market around five years ago, in 2021, and that Honda was beginning to observe how customers responded to used EVs.
Otani said motorcycle customers have historically expected to use their vehicles for more than ten years, while electric vehicles bring additional considerations related to battery replacement and residual value.
“We would like to study how the second-hand EV market develops because it could support continued EV growth,” he said. Honda is studying customer reactions after purchasing EVs, including how the second-hand market develops as more vehicles complete their initial ownership periods.
Otani confirmed that battery condition assessment forms part of Honda’s work on the used EV market, particularly as electric two-wheelers begin changing ownership. “Much like smartphones now provide battery-health indicators, EVs will also require reliable methods of evaluating battery condition.”
He added that Honda was studying how similar customer behaviour could develop in the electric vehicle market. Battery condition and the acceptance of used vehicles are among the areas being looked into.
Honda’s assessment comes as the company augments its electric two-wheeler portfolio in India. HMSI has introduced the Activa e:, QC1 and QC3, the last of which was launched in September 2026 at Rs 1.35 lakh (ex-showroom). The QC3’s initial rollout covers five cities, and Otani confirmed that additional electric products are under consideration, without specifying their names, numbers or launch timelines. He added that Honda had more products under consideration, although customer requirements would determine which solutions were suitable.
On the company’s battery-swapping business, Otani said Honda was examining customer requirements across both business-to-business and private ownership segments. He said, “For B2B customers, battery swapping can be useful because there is no need to wait for charging, which can reduce working-time loss for professional users.”
For private customers, Otani pointed to battery subscriptions as another ownership arrangement. Under this model, the battery remains the service provider’s asset rather than the customer’s, allowing buyers to avoid direct battery ownership. He said the arrangement could appeal to customers concerned about battery ownership risks and residual values.
Asked about the response to Honda’s electric scooters, Otani said adoption was growing gradually, including among delivery and professional users. He said battery swapping offered greater benefits to these customers because of their usage requirements.
Otani also discussed the potential differences in EV adoption across Indian markets. He said it could accelerate in large cities and urban centres, while biofuels and other energy sources might see greater acceptance in smaller cities and rural areas. Government objectives, infrastructure availability and regional requirements would influence the country’s future energy mix, he added.
All of this comes even as Honda still has a microscopic share of the Indian two-wheeler market compared to its peers. As per VAHAN data for July, TVS led the market with 55,892 registrations, followed by Bajaj with 45,910, Ather with 30,704 and Vida (Hero) with 23,003. In the same month, HMSI recorded a paltry 940 electric two-wheeler registrations, accounting for just 0.5 percent of the segment’s 2.06 lakh volume.
With inputs from Mukul Yudhveer Singh
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Honda Motorcycle & Scooter India Unveils 10 Made‑in‑India Two‑Wheelers, Blending ICE, EV & Flex‑Fuel for Lifestyle Mobility | 0 | 8.88 | 24-07-2026 |
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