The company, which operates in India through a wholly-owned arm Honda Cars India Ltd (HCIL), has already put in place a separate team in its research and division unit for electric vehicles since last year, a senior company official said.
"We are aware of India government's push for all-electric vehicles (EVs) by 2030. Globally also there is a push for EVs. So we (Honda) have started working on the development of such vehicles," HCIL President and CEO Yoichiro Ueno told PTI here.
Honda has already stated that two-thirds of its global sales would come from electrified vehicles by 2030.
When asked how soon can the company commercially launch an electric vehicle in India, he said it would depend on many factors.
"We need a proper roadmap from the government, standardisation of specifications and charging infrastructure is required," he added.
Highlighting the need for government support, Ueno said under the present circumstances the price of an electric version of an existing model would be twice of that.
When asked how soon could Honda bring an electric vehicle to India, Ueno said the company would be ready to do so by the early period of 2020s.
He, however, said the road to electric vehicles must be bridged through hybrids for a smooth transition, allowing battery technology to develop and become more affordable.