Honda Motor Co.’s launched the new electric scooter EV-neo at the annual Eco Products 2010 exhibition, showcasing the latest environmental technologies and solutions in Tokyo. Japan’s No. 2 automaker plans to start leasing the zero-emission super-quiet scooters – the equivalent of a 50cc gasoline-powered bike – this month

It says its target market is companies that make deliveries, such as newspapers and pizza parlors. The EV-neo has a cruising range of 30 kilometers on one charge. (AP Photo/Koji Sasahara)

Meanwhile Honda Motor Co. Announced earlier last week plans to sell its stake in India’s top-ranked motorcycle maker, Hero Honda Motors, and instead focus on its wholly owned subsidiary in the country, a news report said Saturday.

The Japanese automaker may earn some 100 billion yen ($1.2 billion) from the sale of its shares in Hero Honda, founded in 1984 with India’s Hero Group, the Nikkei business daily said.