Made-in-India Honda Elevate-based EV to debut by 2026

The Elevate EV (codenamed: DG9D) is said to have a potential annual volume of 1 lakh units.

According to a media report, Honda plans to set up an EV manufacturing hub in India. Under Project ACE, which stands for ‘Asian Compact Electric’, the carmaker plans to export 50-70% of the vehicles produced in India to overseas markets, including Japan.

An electric SUV based on the Honda Elevate is likely to be one of the first products under Project ACE. The Elevate EV (codenamed: DG9D) is said to have a potential annual volume of 1 lakh units and will debut around 2026.

Efforts are already being made to prepare the Tapukara plant for EV production. It has been confirmed by Honda Cars India that the retooling process will begin in 2024.

Honda’s Tapukara plant has sufficient capacity to accommodate another model line. That being said, the carmaker is open to increasing the capacity, especially since the factory will not only serve the domestic market but will be a global hub for exports.

Reports suggest that Honda Car India’s exports are likely to double by 2025, with export volumes making up around 30-40% of the total output.

Source: Autocar India