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Honda Motor will shift vehicle production from Mexico and Canada to the US, boosting local output by 30% in two to three years, targeting 90% of US sales from domestic cars.

Honda Motor will launch its first electric scooters in India next year, targeting the fast-growing electric two-wheeler market, which saw a 35% sales increase to 930,000 units in 2023.

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About HONDA MOTOR CO

Honda Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories. The Motorcycle segment handles all-terrain vehicles, motorcycle business, and related parts. The Financial Services segment provides financial and insurance services. The Power Product and Other Businesses segment offers power products and relevant parts. The company was founded by Soichiro Honda on September 24, 1948 and is headquartered in Tokyo, Japan.