<p>Tsutsumu Otani, MD, President and CEO - Honda Motorcycle &amp; Scooter India</p>
Tsutsumu Otani, MD, President and CEO – Honda Bike & Scooter India

The excerpts:

Q: After two consecutive years of file excessive gross sales efficiency, what’s your outlook for 2024?

Put up pandemic with the international funding improve in India, we are able to count on the Indian Car market to develop in 2024. However, the GDP improve is just not immediately referring to all industries however centered round sure infrastructure-related investments. It’s important to enhance the agricultural economic system for the market to develop additional.

Q: What are the important thing micro and macro elements that can play vital roles in shaping up 2024?

The demand for various merchandise, primarily based on the wants and tastes of the younger folks main the subsequent era, will drive the consumptions tendencies. We imagine it is going to develop into more and more vital to reply shortly to the ever-changing wants of the market. Furthermore, the rise in girls employment has enhanced their buying energy. It turns into essential to cater to their mobility wants. Beneath these situations, we count on the market to develop additional.

Q: What’s your view on electrical automobiles for 2024?

Advances in battery expertise and charging infrastructure, in addition to growing environmental consciousness amongst shoppers, are anticipated to additional develop the electrical automobile market in 2024. The shift from ICEs to EVs will speed up, particularly in city areas the place charging infrastructure is best developed. However, in rural areas, the place charging infrastructure is just not but ample, shifting from ICE to EV ought to take extra time.

Q: What would be the key applied sciences that can form the subsequent decade of the mobility trade?

Along with applied sciences similar to security, connectivity, and sustainability, there shall be a rising demand for mobility applied sciences that may help a number of various fuels similar to electrical energy, bio-fuels, and hydrogen. Furthermore, linked expertise, Autonomous driving, and options utilizing OTA for software program and system updates in vehicles shall play vital roles in future mobility options that will revolutionize the auto trade.

Q: Do you assume the Indian auto trade has potential to develop into the worldwide manufacturing hub and play an vital position within the world worth chain?

Along with the world’s largest inhabitants, we imagine that India has nice potential because of the giant variety of younger human assets who will lead the subsequent era. Furthermore, the simple geographical entry to Africa, which is the subsequent market along with Asia and Europe, performs an important position in India changing into a world manufacturing hub.

Q: What are the important thing elements that work in favour of India and what limitations does it have as a rustic.

In India, there’s large-scale home demand to help export competitiveness, and there’s a ample younger and high-quality workforce. However, the home distribution infrastructure and power provide similar to electrical energy are nonetheless not at par with some developed nations, and to understand the total potential, main enhancements in social infrastructure could also be required.

Q: What’s your imaginative and prescient for 2030 for the automotive trade?

For 2030, along with technological improvements similar to EVs, connectivity, and autonomous driving, sustainable applied sciences that make environment friendly use of restricted assets may even be vital. Furthermore, the necessity of shoppers to maneuver freely when they need is common, and the automotive trade will proceed to be vital as a way of transportation that co-exists with public transportation and private commuting whereas persevering with to innovate.

  • Printed On Apr 11, 2024 at 12:01 PM IST

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