Honda plans to list its electric motorcycle company – WSJ

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The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show in Bangkok, Thailand March 22, 2022. REUTERS/Athit Perawongmetha

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Sept. 13 (Reuters) – Honda Motor Co Ltd (7267.T) is considering going public with its electric motorcycle unit, The Wall Street Journal reported on Tuesday, citing the Japanese automaker’s chief executive Yoshishige Nomura.

The report, which did not reveal where the company would list its unit, said discussions about the pros and cons of the plan were still at an early stage. (https://on.wsj.com/3La5Vi2)

Honda did not immediately respond to a request for comment.

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Earlier on Tuesday, the company announced plans to launch more than 10 electric motorcycle models globally over the next three years, with the goal of achieving carbon neutrality for motorcycles by the 2040s. after

Honda dominates the global motorcycle market, but faces challenges in promoting more expensive electric variants in developing economies.

The WSJ report also said some of Honda’s rivals in markets such as India have overtaken the company by introducing battery-powered motorcycles and bicycles.

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Reporting by Nathan Gomes in Bengaluru; Editing by Devika Syamnath

Our standards: The Thomson Reuters Trust Principles.

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