Honda Motor Collaborates Grab On Motorcycle Sharing Services In Southeast Asia

(RTTNews) - Honda Motor Co. Ltd. (HMC) announced Monday that, on November 22, 2016, it signed a memorandum of understanding with Grab Inc., to begin discussion toward collaboration in the area of motorcycle sharing services in Southeast Asia. Grab provides ride-hailing platform through which users share and utilize automobiles and motorcycles.

Honda said that the company and Grab will work together and strive to realize new mobility services in the area of sharing by conducting experimental initiatives in Southeast Asia while utilizing resources of the two companies. This includes the knowledge Grab has been amassing through its ride-hailing businesses and Honda's motorcycle lineup, sales network and services.

Honda said that, through the collaboration with Grab, it will work on the mitigation of traffic congestion in urban areas through the utilization of its original telematics and other technologies.