Honda Market UpdateToday, Honda Motor Co., Ltd. executives—including Director, President and Representative Executive Officer Toshihiro Mibe, and Director, Executive Vice President and Representative Executive Officer Noriya Kaihara—delivered a comprehensive business update during the company’s FY2025 briefing. Looking forward, Honda anticipates further market expansion, particularly in India, the world’s largest motorcycle market. Honda forecasts that the current global market of approximately 50 million units will grow to 60 million units by 2030. Key developments in FY2025 include:Launch of electric models Active e: and QC1 in India (Feb 2025). Key targets include:Growing total automobile sales from the current 3.6 million units, with a HEV sales goal of 2.2 million units.