Current Affairs - Business - Discussion

Honda Motor is planning to set up a lithium-ion battery manufacturing unit in India with the main aim to move only potential electric vehicles on roads by 2030. Under the global agreement on climate change, the company is to reduce greenhouse gas emissions. As per reports, it is involved in building up of electric vehicle strategy for the Indian market.According to an announcement made by Honda, by 2030, electric cars will comprise 65% of the company's overall sales. Of that, 15% will be pure electric while the rest will be hybrid, plug-in hybrid and fuel-cell-powered vehicles.