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The Economic Times

Economy / The Economic Times

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Honda, Sony halt joint EV development project

Honda and Sony have announced a halt to their electric vehicle project, Sony Honda Mobility (SHM), and the planned launch of its first model, AFEELA1. This decision stems from Honda's reassessment of its electrification strategy and fundamental shifts in the global EV market, including changes in US tax incentives and regulatory easing.

25 Mar 2026 6:30 pm