Honda Cars India is set to revolutionize its stance in the automotive industry with the introduction of its ambitious project ‘ACE’ (Asian Compact Electric). This project signifies a monumental shift for Honda as it transitions into an electric vehicle (EV) powerhouse, with India emerging as a significant export hub for its new range of electric SUVs. Here are the key details and insights into Honda’s ACE project: Taazinews 24 has extended its presence to WhatsApp. Tap here to join and receive the latest updates on Automobile News.

Asian Compact Electric (ACE): Pioneering Honda’s EV Era

Honda’s ACE project, short for ‘Asian Compact Electric,’ is a strategic move toward electric mobility, aligning with the global shift toward sustainable transportation.
The ACE project aims to introduce a lineup of EVs, and its debut model is based on the Honda Elevate platform, a renowned SUV in the brand’s portfolio.

Elevate-Based EV: Key Features and Details

The ACE project includes an EV model, with insider sources revealing a product with the codename DG9D, designed to have a potential annual volume of 1 lakh units.
This EV model draws inspiration from the Honda Elevate and is part of the brand’s plan to have a portfolio of five SUVs in India by 2030.
It is expected to be an ICE-converted derived EV, following the trend seen in the burgeoning midsize EV SUV segment.

Production Hub in India: Enhancing Capacity for EVs

Honda Cars India aims to use India as an export hub for its future EVs, including those under the ACE project, with 50-70% of the vehicles produced being earmarked for key overseas markets, including Japan.
The retooling of the plant in Tapukara, Rajasthan, for EV production is slated to commence in 2024, showcasing Honda’s commitment to electric mobility in India.

Increased Production Capacity: Preparing for Global Exports

The plant in Tapukara has available capacity, and additional investment is under consideration to accommodate the new EV line and future models.
Honda Cars India President and CEO Takuya Tsumura confirms that an increase in capacity is on the cards, emphasizing the importance of pushing forward with electrification.

Global Exports and Contribution to India’s Automotive Landscape

The Elevate and the upcoming EV under the ACE project are expected to be global models, contributing to increased export volumes from India.
Toshio Kuwahara, President and CEO of Asian Honda Motor, envisions India as a key global hub for Honda’s exports, underlining the country’s significance in the brand’s future.

Timeline and Market Launches

The Honda Elevate is scheduled for a spring 2024 launch in Japan under the name WR-V, marking a significant milestone as it will be manufactured in India and exported to Japan.
The ACE project’s debut is anticipated by 2026, with a focus on expanding Honda’s EV footprint in the Asian market.

Honda’s ACE project signifies a bold leap into the electric future, positioning India as a pivotal player in the global electric vehicle landscape.

FAQs: (Frequently asked Questions)

What does ACE stand for in Honda’s ACE project?
ACE stands for ‘Asian Compact Electric.’

When is Honda’s ACE project expected to be ready?
The ACE project is anticipated to be ready by 2026.

What is the potential annual volume for the EV model under the ACE project?
The EV model, codenamed DG9D, is discussed to have a potential annual volume of 1 lakh units.

Which platform does the Elevate-based EV under the ACE project use?
The Elevate-based EV is built on the Honda Elevate platform.

When will the retooling of the Tapukara plant for EV production commence?
The retooling of the Tapukara plant is scheduled to start in 2024.

What is the expected range of Honda’s ACE project EVs?
The EVs under the ACE project are expected to offer a range between 300-600 kilometers.

What is the role of India in Honda’s global export strategy?
India is envisioned as one of the key global hubs for exports in Honda’s future strategy.

Which global markets are targeted for export under the ACE project?
Key overseas markets, including Japan, are targeted for export under the ACE project.

What is the manufacturing strategy for the Honda Elevate in India?
The Honda Elevate will be manufactured in India and exported to Japan, showcasing India’s manufacturing capabilities.

How many SUVs does Honda plan to have in its portfolio in India by 2030?
Honda aims to have a portfolio of five SUVs in India by 2030, as part of its future strategy.

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