Reported about 23 hours ago
Honda's stronghold in Vietnam's motorbike market is in jeopardy as the government promotes a swift transition to electric vehicles, benefitting local competitor VinFast. A recent survey indicates that a growing number of city residents prefer electric models for their next motorbike purchase, coinciding with a significant drop in Honda's sales following the government's ban on fossil-fuel-powered motorbikes. With nearly 22% fewer sales reported in August, pressures from environmental policy changes suggest that Honda may need to adapt quickly to remain competitive.
Source: YAHOO