In changes effective April 1, the new division would consolidate the Japanese automaker's electrification strategy and development of automobiles, motorcycles and power products such as generators, it said in a statement.

Honda last year laid out a target to roll out 30 electric vehicle (EV) models globally and produce about 2 million EVs a year by 2030.

(Reporting by Satoshi Sugiyama; Editing by Chang-Ran Kim)