The automobile is a self-propelled machine, with two or more wheels and a steering wheel. They are usually powered by gasoline, diesel, or battery. Depending on their size, they can be used to transport a passenger or cargo. Generally, cars are vehicles that run on roads, and are designed for light traffic.
While motorcycles don’t fall under the definition of an automobile, some people use the term to describe them. Motorcycles have three wheels and are a good way of getting around. Unlike a car, a motorcycle is not covered by a roof, so it is less comfortable for passengers.
Motorcycles are typically cheaper than automobiles. They can be rented for as little as $150 baht a day. But they can cost upwards of $2500 baht a day if you want a top-of-the-line 1000cc bike.
Historically, the automobile has been the primary mode of transportation. Cars have more room and can carry more passengers and cargo.
But with the advent of EVs, the sales mix for automobiles is expected to change. This will erode margins in Honda’s core business segment. It’s also likely that the company will need to expand into neighboring markets such as Brazil and Argentina.
Honda’s motorcycles remain its key revenue driver. During the past decade, operating margins have improved. However, the company faces a number of challenges in its future. Some of them include the introduction of new technologies, a major investment in EV development, and the need to expand into emerging markets.