Honda Cars on Friday said India is not yet ready to have electric cars in large numbers due to the lack of necessary infrastructure and affordability factor.
Yoichiro Ueno, president and CEO of Honda Cars India said in Hyderabad that his company is developing electric cars but to anticipate a significant number of such cars plying on Indian roads is little early, chiefly because of infrastructure and affordability reasons.
"Honda is developing electric cars. However, we believe it is too early for India to talk about electric vehicles. One thing is infrastructure. And secondly the car price will be more than double (when compared to ordinary car)," Ueno told reporters in a press conference.
"Indian is so price sensitive. So it looks difficult (for electric cars) and also the development of infrastructure in a country as large as India will take a lot of time," he said..
Honda has so far invested over Rs8,000 crore in its Indian operations and is making profits. It has two manufacturing facilities each at Greater Noida in Uttar Pradesh, and Tapukara in Rajasthan with a combined capacity of nearly 2.4 lakh units per annum.