September 27, 2022

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Honda says it has no plan to separate and list motorcycle business – Mettis Global Link

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Honda says it has no plan to separate and list motorcycle business - Mettis Global Link

September 14, 2022: Japan’s Honda Motor Co Ltd has no strategy to hive off its electrical bike enterprise and record it on a stock trade, the Japanese automaker stated on Wednesday, adhering to a media report that the plan was under thing to consider.

Honda, which dominates the world-wide industry for motorcycles, on Tuesday mentioned it would launch extra than 10 electrical motorbike types globally about the subsequent a few many years, aiming to obtain carbon neutrality for two-wheelers by the 2040s. [inL1N30K03K]

The Wall Street Journal, citing controlling officer Yoshihige Nomura, later claimed that Honda was taking into consideration taking the electric bike unit general public.

“Electrification is a long street and we are discussing a variety of selections without excluding anything from thing to consider. Nevertheless, we have no strategy to separate the electrical two-wheeler enterprise into a new small business unit to be mentioned on a stock trade,” Honda reported in a assertion.

Honda faces troubles in shifting to electric travel, as bikes are wildly preferred in producing nations around the world and the go to the new variety of propulsion could improve rates for cost-delicate customers. It may also make bikes heavier.

Reuters

Posted on:2022-09-14T09:52:19+05:00

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